Cardinal Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Cardinal Health's historical fundamentals, such as revenue growth or operating cash flow patterns.
Cardinal
On November 22, 2024 Cardinal Health had Market Facilitation Index of 0.013. Market Facilitation Index is simply a difference between period high and low prices divided by period trading volume.
On November 25 2024 Cardinal Health was traded for 116.25 at the closing time. The highest daily price throughout the period was 116.25 and the lowest price was 116.25 . The daily volume was 115. The net trading volume on 11/25/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.02% . The overall trading delta to current closing price is 0.94% .
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
For every potential investor in Cardinal, whether a beginner or expert, Cardinal Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cardinal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cardinal. Basic forecasting techniques help filter out the noise by identifying Cardinal Health's price trends.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cardinal Health stock to make a market-neutral strategy. Peer analysis of Cardinal Health could also be used in its relative valuation, which is a method of valuing Cardinal Health by comparing valuation metrics with similar companies.
Cardinal Health Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Cardinal Health's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Cardinal Health's current price.
Market strength indicators help investors to evaluate how Cardinal Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cardinal Health shares will generate the highest return on investment. By undertsting and applying Cardinal Health stock market strength indicators, traders can identify Cardinal Health entry and exit signals to maximize returns.
The analysis of Cardinal Health's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Cardinal Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cardinal stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Additional Information and Resources on Investing in Cardinal Stock
When determining whether Cardinal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cardinal Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cardinal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cardinal Health Stock:
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 if Cardinal Health is a good investment 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.