⚠️Uptrend Under PressureSevere risk · 99·Institutional selling is building — 6 distribution days in the last 25 sessions. · 6 distribution days (SPY)Full briefing →Jul 28
Simple research view
CAH · Cardinal Health, Inc.
$229.35 latest stored close
Detected setupVCP
Watch · Quality 22/100
2 independent risk warnings also present. Review before relying on the bullish setup.
Head & Shoulders TopPossible head & shoulders top — not confirmed. Watch for a daily close below ~222.92 (neckline) to confirm, with measured-move risk toward ~202.63. A push back above 230.61 weakens the pattern; reclaiming 243.21 invalidates it.
Bearish structure on the daily chart — a heads-up for anyone holding, not a short signal. Does not affect the bullish setup score.
Tuesday, August 18, 2026Time not confirmed
No sourced report session or clock time
Deterministic evidence
CAH+0.58%
Broad market · SPY+0.02%
Same completed session window ending 2026-07-27.
+0.56 points vs SPY.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.
AI interpretation (optional)
Ask a Legend to interpret the evidence only after reviewing the deterministic event timing and relative reaction.
Interpret this evidence
AI output is commentary, not scanner evidence or a sizing recommendation.
Price$229.35Jul 27 close
52W High$243.21-5.7%
52W Low$137.75
Wks Since High2w
Base Depth-9.4%
Tight Wks1
BaseB2
SMA 50$219.11
SMA 200$207.23
Avg Vol2,358,315
RS Rank77
RS vs High-7.4%
RS Slope-2.7% ▼
Grp Rank#25/64
ADR%2.2%
ATR(14)$5.08 (2.2%)
Rel Vol (today)0.47×
Vol PaceN/A
U/D Vol0.49
A/D Days15A / 12D
A/D RatingA
VDU Bars0/10 d
Power Trend2d
Earnings
21d
$137.75
$243.2187%
CAH Chart
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Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts6 methodology checks
Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
Council consensus:
🟡 5 of 6 legends are Watching — building, not yet a confirmed buy.
Separate score from the 8-point Trend Template (8/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
Minervini B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use the tight base's structural pivot; the setup must retain Trend Template leadership into the trigger. Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a decisive move through the pivot with volume confirmation, and do not initiate more than 5% above it. Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Start at the tighter structural invalidation; the initial loss limit must not exceed roughly 7–8% from entry. Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Hold the initial stop until the trade proves itself; near +1R move to breakeven, then trail a higher low or rising 10/21-day average once well extended. Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when the structural stop or a meaningful higher-low/short-term trend violation fires; never widen the stop. Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
Possible head & shoulders top — not confirmed. Watch for a daily close below ~222.92 (neckline) to confirm, with measured-move risk toward ~202.63. A push back above 230.61 weakens the pattern; reclaiming 243.21 invalidates it.
Confirms below222.92
Invalidates at243.21
Left Shoulder233.60
Head243.21
Right Shoulder230.61
Neckline222.92
Target202.63
LS 233.60 / head 243.21 / RS 230.61, neckline ~222.92, vol_fading=yes
Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.
Pattern Analysis
VCP⚠ 3rd-stage base⚠ Rising wedge (broke lower)⚠ Head & shoulders top forming
55.0score
RS Score73
Trend8/8 ✓
CANSLIM76.5* (B)
C18.3%
→
C25.5%
2 contractions9.4% depth✓ tightening✓ vol dry✓ near pivot✓ right sideQ: 81
Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.
✓
Price above SMA 150 & 200$229.35 vs SMA150 $213.56 / SMA200 $207.23
✓
SMA 150 above SMA 200SMA150 $213.56 vs SMA200 $207.23
✓
SMA 200 trending upSlope +7.91 over 20 days
✓
SMA 50 above SMA 150 & 200SMA50 $219.11
✓
Price above SMA 50$229.35 vs SMA50 $219.11
✓
30%+ above 52W low+66.5% from $137.75
✓
Within 25% of 52W high-5.7% from $243.21
✓
RS score above 70RS 73
Fundamentals
52W Range
87%
Mkt Cap SEC
54.0B
Rev YoY
-2%
EPS TTM
$6.45
P/E TTM
35.6x
Float
235M
Insider
No Buy
Company
Legend AI snapshot
Cardinal Health, Inc.
CAH · NYSE
· Distribution Services
· Medical Distributors