Cardinal Health (CAH) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for CAH · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$233.55last close · Aug 4, 202652-week range $137.75 – $243.21 · 3.97% below the high

CAH Falling Wedge Pattern

CAH is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

A falling wedge usually breaks higher, but CAH is breaking lower out of it instead — a notably bearish turn. A breakout projects a measured-move target near $174.79 (−10.8%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; CAH's own falling wedges have hit 53.8%.

DirectionBearishTarget$174.79Projected move−10.8%Breakout level$197.50

New to this pattern? What a falling wedge is and how to trade it →

CAH's Most Recent Falling Wedge Trade

CAH's most recent completed falling wedge (which broke against type) resolved as a loss: it broke down on Apr 30, 2026 near $195.29, then was stopped out at $212.67 on Jun 9, 2026 — a -1.54R move (8.9%) over 27 sessions. Across 117 backtested falling wedges, this setup wins 48.7% of the time.

OutcomeLossResult-1.54REntry$195.29Exit$212.67

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
CAH win rate
53.8%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

CAH Pattern Trade History

Every completed pattern trade our nightly backtest found on CAH's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeApr 30, 2026 @ $195.29Jun 9, 2026 @ $212.67Loss-1.54R
Bullish PennantJan 14, 2026 @ $212.21Feb 12, 2026 @ $215.06Win+0.23R
Rising WedgeJun 12, 2025 @ $158.75Aug 12, 2025 @ $146.30Loss-1.75R
TriangleApr 25, 2025 @ $136.29May 13, 2025 @ $148.26Win+1.77R
Bullish PennantNov 1, 2024 @ $115.13Nov 15, 2024 @ $118.78Win+0.45R
TriangleFeb 26, 2024 @ $109.62May 3, 2024 @ $98.91Loss-1.28R
TriangleJan 23, 2024 @ $104.32Jan 31, 2024 @ $109.19Loss-1.20R
TriangleJan 12, 2024 @ $105.92Mar 6, 2024 @ $110.62Win+0.85R
Falling WedgeMar 2, 2023 @ $74.93Mar 13, 2023 @ $70.28Win+0.84R
Falling WedgeJun 9, 2022 @ $53.15Jul 28, 2022 @ $58.88Loss-1.06R
TriangleJun 1, 2022 @ $54.58Jul 28, 2022 @ $58.88Loss-1.08R
TriangleMay 25, 2022 @ $57.09Jun 3, 2022 @ $53.82Loss-1.26R

CAH Support and Resistance Levels

Price is being turned away at a ceiling near $235.24 and starting to slide. On the weekly chart, the next floor below sits near $202.92 — about 13% away.

  • Traders commonly watch $202.92 as a target (its 38.2% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $235.24 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $227.03, resistance near $243.21. These are chart/swing-derived levels, not formula pivots.

Resistance
$243.21$243.83$269.02$285.95
Support
$227.03$223.25$223.20$203.74$196.37

CAH Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$234.31$235.76$231.14$233.55
Aug 3, 2026$230.39$235.72$229.61$235.60
Jul 31, 2026$226.66$231.23$225.39$230.03
Jul 30, 2026$226.28$227.78$224.11$227.07
Jul 29, 2026$234.02$234.02$228.49$229.12
Jul 28, 2026$232.09$233.77$230.32$232.51
Jul 27, 2026$227.78$230.61$227.03$229.35
Jul 24, 2026$227.88$228.97$225.97$228.03
Jul 23, 2026$220.56$226.01$220.54$225.98
Jul 22, 2026$227.30$229.86$220.37$220.54

CAH Frequently Asked Questions

What chart pattern is CAH forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Cardinal Health (CAH) on the daily chart, with a measured-move target of $174.79.
Is a falling wedge bullish or bearish?
The falling wedge detected on CAH is a bearish pattern, projecting a measured-move target of $174.79. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for CAH?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), CAH's nearest support is around $227.03 and nearest resistance around $243.21.
What is the price target if CAH's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $174.79 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was CAH's closing price on Aug 4, 2026?
Cardinal Health (CAH) last closed at $233.55 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.