RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CAH
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Cardinal Health Inc stock price ended at $111.90 on Thursday, after losing 0.569%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 20, 2024 Gain 6.20% PDF

The Cardinal Health Inc stock price fell by -0.569% on the last day (Thursday, 28th Mar 2024) from $112.54 to $111.90. During the last trading day the stock fluctuated 1.16% from a day low at $111.24 to a day high of $112.53. The price has risen in 5 of the last 10 days and is up by 1.79% over the past 2 weeks. Volume has increased on the last day by 421 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $185.24 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.52% during the next 3 months and, with a 90% probability hold a price between $118.75 and $128.83 at the end of this 3-month period.

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CAH Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -3.22%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Cardinal Health Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $111.78 and $109.85. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Friday, February 16, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, February 16, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Cardinal Health Inc stock

Cardinal Health Inc finds support from accumulated volume at $111.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.29 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 1.57%.

Our recommended stop-loss: $107.72 (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (CAH) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cardinal Health Inc to open at $111.89, and during the day (based on 14 day Average True Range), to move between $109.73 and $114.07, which gives a possible trading interval of +/-$2.17 (+/-1.94%) up or down from last closing price. If Cardinal Health Inc takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $111.98 (0.07%) than the support at $111.08 (0.73%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cardinal Health Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cardinal Health Inc stock to perform well in the short-term.

Current score: 1.186 Buy Candidate Unchanged

Predicted Opening Price for Cardinal Health Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$111.89 ( 0.0089%) $111.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CAH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 113.18 1.14 %
R2 112.69 0.704 %
R1 112.38 0.431 %
Current price: 111.90
Support S1 111.40 -0.449 %
S2 111.09 -0.721 %
S3 110.60 -1.16 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 113.37 1.31 %
R2 112.85 0.85 %
R1 111.98 0.0715 %
Current price 111.90
Support S1 111.08 -0.733%
S2 110.61 -1.15%
S3 105.10 -6.08%

CAH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 28, 2024 Mar 28, 2024 Apr 15, 2024 $0.501 0.447%
2 Dec 29, 2023 Dec 29, 2023 Jan 15, 2024 $0.501 0.473%
3 Aug 09, 2023 Oct 02, 2023 Oct 15, 2023 $0.500 0.536%
4 May 11, 2023 Jun 30, 2023 Jul 15, 2023 $0.501 0.538%
5 Feb 10, 2023 Mar 31, 2023 Apr 15, 2023 $0.496 0.615%

FAQ

What is the symbol for Cardinal Health Inc Stock and on which exchange is it traded?
The symbol for Cardinal Health Inc is CAH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Cardinal Health Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cardinal Health Inc stock to perform well in the short-term.

How to buy Cardinal Health Inc Stock?
Cardinal Health Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cardinal Health Inc Stock.

What's the current price of Cardinal Health Inc Stock?
As of the end of day on the 2024-03-28, the price of an Cardinal Health Inc (CAH) share was $111.90.

What is the 52-week high and low for Cardinal Health Inc Stock?
The 52-week high for Cardinal Health Inc Stock is $116.04 and the 52-week low is $72.52.

What is the market capitalization of Cardinal Health Inc Stock?
As of the 2024-03-28, the market capitalization of Cardinal Health Inc is 27.218B.

When is the next earnings date for Cardinal Health Inc?
The upcoming earnings date for Cardinal Health Inc is May 02, 2024.
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About Cardinal Health Inc

Cardinal Health Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and gen... CAH Profile

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