Cardinal Stock Technical Analysis

CAH
 Stock
  

USD 52.25  0.85  1.60%   

As of the 5th of July, Cardinal Health shows the risk adjusted performance of (0.07), and Mean Deviation of 1.3. Cardinal Health technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Cardinal Health, which can be compared to its rivals. Please confirm Cardinal Health value at risk, and the relationship between the jensen alpha and semi variance to decide if Cardinal Health is priced correctly, providing market reflects its regular price of 52.25 per share. Given that Cardinal Health has jensen alpha of 0.0463, we suggest you to validate Cardinal Health's prevailing market performance to make sure the company can sustain itself at a future point.
  
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Cardinal Health Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cardinal, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Cardinal
Cardinal Health's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Cardinal Health Analyst Consensus

Target PriceAdvice# of Analysts
57.5Hold8Odds
Cardinal Health current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Cardinal analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cardinal stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cardinal Health, talking to its executives and customers, or listening to Cardinal conference calls.
Cardinal Analyst Advice Details
Cardinal Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Cardinal Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cardinal Health trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Cardinal Health Technical Analysis

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The output start index for this execution was nineteen with a total number of output elements of fourty-two. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Cardinal Health volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Cardinal Health Trend Analysis

Use this graph to draw trend lines for Cardinal Health. You can use it to identify possible trend reversals for Cardinal Health as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Cardinal Health price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Cardinal Health Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Cardinal Health applied against its price change over selected period. The best fit line has a slop of   -0.18  , which may imply that the returns on investment in Cardinal Health will continue to fail. It has 122 observation points and a regression sum of squares at 1273.93, which is the sum of squared deviations for the predicted Cardinal Health price change compared to its average price change.

About Cardinal Health Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Cardinal Health on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Cardinal Health based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cardinal Health stock first instead of the macroeconomic environment surrounding Cardinal Health. By analyzing Cardinal Health's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Cardinal Health's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Cardinal Health specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2021 2022 (projected)
Long Term Debt to Equity3.782.72.91
Interest Coverage2.623.023.09

Cardinal Health July 5, 2022 Technical Indicators

Most technical analysis of Cardinal help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cardinal from various momentum indicators to cycle indicators. When you analyze Cardinal charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Cardinal Health July 5, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Cardinal stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Continue to Trending Equities. Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Cardinal Stock analysis

When running Cardinal Health price analysis, check to measure Cardinal Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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Is Cardinal Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cardinal Health. If investors know Cardinal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cardinal Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.92
Market Capitalization
14.5 B
Quarterly Revenue Growth YOY
0.14
Return On Assets
0.0253
Return On Equity
-1.73
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Cardinal Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.