US stock / ETF

Cardinal Health, Inc.

CAH · NYSE · USD

4 hoursBullish92%
4h Upside probability 92%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 $216.7 and reclaim $235.97.

Invalidation Trigger

Lose $216.7 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 58.6, MACD 0.291

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.13 (0.92%)

4h

EMA Structure

Bullish
EMA 8$232.21Bearish
EMA 21$229.75Bullish
EMA 50$228.67Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.6 · MACD 0.291

Momentum is strong

Strength
Bullish
Volatility
ATR $2.13 · BB 6.70%

Low volatility

Strength
Bullish
Volume
MFI 72.7 · OBV 26.84%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$216.7 - $235.97

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.64% · 2.9 ATR above latest close

$238.1
Nearest resistance

+1.72% · 1.9 ATR above · 34-bar high

$235.97
Current price

Price shown is delayed

$231.97
Nearest support

-6.58% · 7.2 ATR below · 34-bar low

$216.7
Deeper support zone

-7.5% · 8.2 ATR below latest close

$214.57
ATR zone

Latest close ± ATR14

$229.84 - $234.1

Indicators

Trend

Dow Theory Structure

Confirmation $235.19, invalidation $231.64

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

Trend strength is active

37.0 / 37.9 / 24.2Bullish
Supertrend (10,3)

Price is above Supertrend

$226.83Bullish
Ichimoku Cloud

Cloud Span A / Span B

$229.31 / $226.33Bullish
Donchian Channel (20)

20-period breakout channel position

74%Bullish

Volatility

ATR (14)

Low volatility

$2.13 (0.92%)Bullish
Bollinger Bands (20,2)

Width 6.70%

66%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$233.84 / $225.96Bullish
ATR channel lower / upper

Current Volatility Envelope

$229.84 / $234.1Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$235.97Range
Support

Nearest Downside Decision Level

$216.7Range

Momentum

RSI (14)

Momentum is strong

58.6Bullish
MACD (12,26,9)

Histogram is positive

0.291Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

64.1 / 75.5Bearish
Williams %R (14)

Neutral zone

-35.9Range
CCI (20)

Balanced zone

64.2Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

72.7Bullish
OBV slope

20-period OBV slope

26.84%Bullish
Volume ratio

Relative to 20-period average volume

0.37xBearish

Trend

Dow Theory Structure

Confirmation $235.19, invalidation $231.64

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

Trend strength is active

37.0 / 37.9 / 24.2Bullish
Supertrend (10,3)

Price is above Supertrend

$226.83Bullish
Ichimoku Cloud

Cloud Span A / Span B

$229.31 / $226.33Bullish
Donchian Channel (20)

20-period breakout channel position

74%Bullish

Momentum

RSI (14)

Momentum is strong

58.6Bullish
MACD (12,26,9)

Histogram is positive

0.291Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

64.1 / 75.5Bearish
Williams %R (14)

Neutral zone

-35.9Range
CCI (20)

Balanced zone

64.2Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$2.13 (0.92%)Bullish
Bollinger Bands (20,2)

Width 6.70%

66%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$233.84 / $225.96Bullish
ATR channel lower / upper

Current Volatility Envelope

$229.84 / $234.1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

72.7Bullish
OBV slope

20-period OBV slope

26.84%Bullish
Volume ratio

Relative to 20-period average volume

0.37xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$235.97Range
Support

Nearest Downside Decision Level

$216.7Range

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