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Takip Edin: @UscMarketsCAH Stock Forecast & Cardinal Health Chart Analysis
This article provides a detailed analysis of CAH-Cardinal Health stock including a forecast for CAH shares. It features Cardinal Health, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
CAH Historical Data Review
CAH Current Price Performance Analysis
The Cardinal Health - CAH stock traded on the American stock market, on 06-05-2024, closed at 97.96$ with a %-0.37 decreased compared to the previous day.
In the last month, the price of CAH changed by %-0.64 decreased in value, from 98.59 dollars on 05-06-2024 to 97.96 dollars, decreased.
Last year, the price of CAH was 84.34 dollars on 06-06-2023, and changed by %16.15 increased in value, to 97.96 dollars increased within a year.
The price of Cardinal Health stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
CAH with AI Stock Forecast & Price Target
On the CAH chart Cardinal Health price was recorded as 97.96 Dollars on 06/05/2024.
The artificial intelligence's forecast on CAH stock is as follows.
The artificial intelligence's prediction error margin for CAH stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Cardinal Health stock over the next 4 months is: 87.0 Dollars.
The commentary on CAH stock Target Price: Highest: 100.551 Dollars is predicted.
The commentary on CAH stock Target Price: Lowest: 78.932 Dollars is predicted.
Resistance Price where Cardinal Health stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 10-08-2024 | 84.84 |
| 12-12-2024 | 88.53 |
Support Price where Cardinal Health stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 78.932 |
| 10-28-2024 | 81.523 |
| 02-05-2025 | 83.384 |
The commentary on CAH stock: Fluctuations in the target price can be expected in the coming days.
The target price for Cardinal Health stock by the end of 2024 is predicted to be 86.864 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CAH stock, and the 2024 target price predictions for Cardinal Health are detailed above.
The technical analysis and charts for the commentary on CAH stock are below.
CAH Support & Resistance and Trend Analysis
CAH stock you have reviewed the technical analysis support resistance charts regarding.
CAH : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CAH review, the Cardinal Health support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Cardinal Health Support and Resistance Prices:
| CAH Support Level Price | CAH Resistance Level Price |
|---|---|
| 94.04 | 100.08 |
| 95.50 | 106.43 |
| 98.34 | 108.10 |
| 99.03 | 108.39 |
| 100.36 | 108.85 |
| 101.23 | 109.88 |
| 101.27 | 111.40 |
| 101.77 | 113.04 |
| 108.59 | 113.14 |
| 109.37 | 116.04 |
CAH Technical Analysis: SMA, RSI, MACD
Upon reviewing the CAH chart, buy and sell signals have been generated in the Cardinal Health technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CAH stock are as follows:- CAH technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Cardinal Health gave a 'Buy' signal when the RSI was at 25.572, with the current RSI value at 53.055.
- The technical analysis for CAH indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Cardinal Health issued a 'Buy' signal when the MACD was at -2.28, with the current MACD value being: -1.202
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Cardinal Health stock: Click here to read more predictions on Standard Chartered PLC stock.
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