US stock / ETF

Cardinal Health, Inc.

CAH · NYSE · USD

4 hoursBullish85%
4h Upside probability 85%Bullish

CAH 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $195.75 and reclaim $240.37.

Invalidation Trigger

Lose $195.75 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 72.3, MACD 0.471

4h
Volatility EnvironmentRange
Low volatility

ATR is $3.75 (1.58%)

4h

EMA Structure

Bullish
EMA 8$234.07Bullish
EMA 21$227.38Bullish
EMA 50$217.54Bullish

Signals

CategoryReadStrength
Momentum
RSI 72.3 · MACD 0.471

Momentum is strong

Strength
Bullish
Volatility
ATR $3.75 · BB 9.38%

Low volatility

Strength
Range
Volume
MFI 47.1 · OBV 36.11%

Relative to 20-period average volume

Strength
Range
Price Levels
$195.75 - $240.37

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.65% · 1.7 ATR above latest close

$244.12
Nearest resistance

+1.07% · 0.7 ATR above · 34-bar high

$240.37
Current price

Price shown is delayed

$237.82
Nearest support

-17.69% · 11.2 ATR below · 34-bar low

$195.75
Deeper support zone

-19.26% · 12.2 ATR below latest close

$192
ATR zone

Latest close ± ATR14

$234.07 - $241.56

Indicators

Trend

Dow Theory Structure

Confirmation $229.67, invalidation $232.5

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

30.8 / 38.1 / 20.4Bullish
Supertrend (10,3)

Price is above Supertrend

$227.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$226.39 / $217.25Bullish
Donchian Channel (20)

20-period breakout channel position

88%Bullish

Volatility

ATR (14)

Low volatility

$3.75 (1.58%)Range
Bollinger Bands (20,2)

Width 9.38%

94%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$234.98 / $220.72Range
ATR channel lower / upper

Current Volatility Envelope

$234.07 / $241.56Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$240.37Range
Support

Nearest Downside Decision Level

$195.75Range

Momentum

RSI (14)

Momentum is strong

72.3Bullish
MACD (12,26,9)

Histogram is positive

0.471Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

87.7 / 88.6Bearish
Williams %R (14)

Overbought zone

-12.3Bearish
CCI (20)

Strong expansion

150.0Bullish
TD Sequential

Exhaustion setup is near completion

sell 8Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.1Range
OBV slope

20-period OBV slope

36.11%Bullish
Volume ratio

Relative to 20-period average volume

0.31xBearish

Trend

Dow Theory Structure

Confirmation $229.67, invalidation $232.5

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

30.8 / 38.1 / 20.4Bullish
Supertrend (10,3)

Price is above Supertrend

$227.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$226.39 / $217.25Bullish
Donchian Channel (20)

20-period breakout channel position

88%Bullish

Momentum

RSI (14)

Momentum is strong

72.3Bullish
MACD (12,26,9)

Histogram is positive

0.471Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

87.7 / 88.6Bearish
Williams %R (14)

Overbought zone

-12.3Bearish
CCI (20)

Strong expansion

150.0Bullish
TD Sequential

Exhaustion setup is near completion

sell 8Bearish

Volatility

ATR (14)

Low volatility

$3.75 (1.58%)Range
Bollinger Bands (20,2)

Width 9.38%

94%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$234.98 / $220.72Range
ATR channel lower / upper

Current Volatility Envelope

$234.07 / $241.56Range

Volume / Money Flow

MFI (14)

Money flow is neutral

47.1Range
OBV slope

20-period OBV slope

36.11%Bullish
Volume ratio

Relative to 20-period average volume

0.31xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$240.37Range
Support

Nearest Downside Decision Level

$195.75Range

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