Cardinal Health's 15-min chart shows MACD Death Cross, Bollinger Bands Narrowing, KDJ Death Cross.
In accordance with the 15-minute chart for Cardinal Health, technical indicators have signaled a potential decline in stock performance. Specifically, the MACD (Moving Average Convergence Divergence) has formed a "death cross," which indicates that the shorter-term moving average is crossing below the longer-term moving average, suggesting a downward trend. Additionally, the Bollinger Bands have narrowed, which may indicate a decrease in volatility. Furthermore, the KDJ (Stochastic Oscillator) has also formed a "death cross," signifying a shift in momentum towards the downside. These indicators collectively suggest that the stock price has the potential to continue falling and may experience further decreases in magnitude.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments
No comments yet