Weekly structural research · BUE · Healthcare

CAH Stage Analysis

Cardinal Health, Inc.

Week ending 25 Sep 2026Close ARS 118,925.00Tenure DevelopingBenchmark ^MERV

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Established expansion

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: moderate and contracting.

Direction 46−100 bearish to +100 bullish

Energy 39/100directional strength

Maturity 83/100lifecycle context

Confidence 89/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderatecontracting separation

Price acceptance +33.3%position within the Activity structure

Fair Value context +75.6%ARS 67,720.01 · weakening

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-09-25	118,925.00	112,075.40	11.08	319	Upward Expansion	46	39
2026-09-18	120,025.00	111,824.56	7.31	1758	Upward Expansion	61	53
2026-09-11	124,800.00	111,410.39	8.44	1698	Upward Expansion	64	62
2026-09-04	130,600.00	110,844.55	15.19	1669	Upward Expansion	86	76
2026-08-28	125,400.00	110,274.54	13.67	217	Upward Expansion	74	66
2026-08-21	121,800.00	109,642.87	13.41	42	Upward Expansion	63	72
2026-08-14	123,300.00	109,126.20	14.11	38	Upward Expansion	68	79
2026-08-07	125,000.00	108,606.19	11.14	1447	Upward Expansion	79	79
2026-07-31	120,650.00	107,877.02	1.14	8	Upward Expansion	65	78
2026-07-24	121,550.00	107,366.18	2.43	15	Upward Expansion	68	85
2026-07-17	120,075.00	106,979.50	4.18	3	Upward Expansion	68	87
2026-07-10	122,350.00	106,443.66	3.80	8	Upward Expansion	76	90
2026-07-03	122,050.00	105,702.81	6.44	308	Rotation Up	81	89
2026-06-26	121,599.06	104,974.47	8.82	73	Rotation Up	59	73
2026-06-19	117,655.39	104,524.49	0.25	14	Downward Expansion	46	43
2026-06-12	110,997.02	104,100.13	-6.93	235	Downward Expansion	1	15
2026-06-05	103,136.87	103,805.22	-5.86	1223	Downward Expansion	-35	21
2026-05-29	97,274.87	103,684.81	-13.28	533	Downward Expansion	-58	58
2026-05-22	99,224.87	103,623.97	-1.40	793	Rotation Down	-60	64
2026-05-15	96,999.87	103,126.47	1.84	1762	Rotation Down	-34	59
2026-05-08	91,499.88	102,563.13	-5.54	4001	Rotation Down	-52	62
2026-05-01	96,824.87	102,089.79	-1.99	3014	Deceleration	-30	30
2026-04-24	99,100.00	101,479.79	0.44	820	Deceleration	-8	12
2026-04-17	104,025.00	100,683.11	4.27	46	Deceleration	9	11
2026-04-10	105,925.00	99,811.43	2.94	534	Deceleration	9	15
2026-04-03	105,000.00	98,779.75	2.53	728	Deceleration	10	17
2026-03-27	99,974.84	97,584.73	5.25	92	Deceleration	-1	12
2026-03-20	102,074.83	96,490.56	10.84	1679	Deceleration	28	17
2026-03-13	106,149.82	95,276.39	19.84	914	Upward Expansion	42	30
2026-03-06	108,274.82	93,933.05	24.25	765	Upward Expansion	56	41
2026-02-27	111,399.81	92,657.21	28.42	3026	Upward Expansion	68	53
2026-02-20	107,599.82	91,312.20	15.32	1262	Upward Expansion	60	50
2026-02-13	107,824.82	89,980.53	19.00	1881	Upward Expansion	62	53
2026-02-06	113,499.81	88,676.36	19.71	4229	Upward Expansion	82	67
2026-01-30	106,449.82	87,168.02	5.55	231	Upward Expansion	65	55
2026-01-23	106,299.82	85,929.68	9.96	826	Upward Expansion	63	51
2026-01-16	107,699.82	84,619.66	18.58	284	Upward Expansion	68	58
2026-01-09	103,124.83	83,184.65	8.94	543	Upward Expansion	62	56
2026-01-02	105,324.83	81,888.81	11.07	159	Upward Expansion	64	60
2025-12-26	109,949.64	80,431.30	17.70	467	Upward Expansion	79	66
2025-12-19	103,999.66	78,841.29	11.59	3325	Upward Expansion	68	63
2025-12-12	100,124.67	77,347.96	14.30	246	Upward Expansion	65	65
2025-12-05	100,199.67	76,012.12	13.00	516	Upward Expansion	68	79
2025-11-28	108,099.65	74,593.78	23.78	294	Upward Expansion	82	93
2025-11-21	104,924.66	72,870.44	33.06	520	Upward Expansion	83	93
2025-11-14	102,149.66	71,192.94	20.96	1126	Upward Expansion	87	94
2025-11-07	99,524.67	69,574.60	24.17	1275	Upward Expansion	90	93
2025-10-31	95,449.69	68,242.10	14.48	4598	Upward Expansion	91	77
2025-10-24	84,299.73	66,998.76	46.95	1859	Upward Expansion	81	63
2025-10-17	80,099.73	66,170.42	47.56	1961	Upward Expansion	73	57
2025-10-10	77,299.74	65,387.07	48.83	895	Upward Expansion	67	72
2025-10-03	78,524.74	64,580.39	62.94	3925	Upward Expansion	75	81
2025-09-26	75,199.59	63,692.88	59.26	3149	Upward Expansion	67	73
2025-09-19	77,874.58	62,917.88	77.47	3997	Upward Expansion	84	76
2025-09-12	74,974.59	62,043.71	66.11	5817	Deceleration	81	52
2025-09-05	69,149.62	61,237.87	36.68	1562	Deceleration	48	27
2025-08-29	67,149.64	60,639.53	34.33	1388	Upward Expansion	42	28
2025-08-22	65,649.64	60,036.19	24.28	602	Upward Expansion	47	39
2025-08-15	65,849.64	59,519.52	20.15	3519	Upward Expansion	62	51
2025-08-08	69,999.62	58,992.85	21.64	293	Upward Expansion	70	65
2025-08-01	71,049.61	58,273.68	24.94	1295	Upward Expansion	81	71
2025-07-25	67,649.63	57,472.01	23.37	653	Upward Expansion	68	82
2025-07-18	68,699.62	56,785.33	32.92	706	Upward Expansion	73	87
2025-07-11	68,249.62	56,017.82	37.18	138	Upward Expansion	74	87
2025-07-04	69,299.62	55,173.64	35.33	493	Upward Expansion	86	92
2025-06-27	66,999.48	54,317.80	33.88	624	Upward Expansion	83	87
2025-06-20	64,649.48	53,594.47	28.27	183	Upward Expansion	77	83
2025-06-13	64,249.50	52,943.63	23.97	922	Upward Expansion	80	79
2025-06-06	61,599.52	52,309.46	17.53	297	Upward Expansion	71	74
2025-05-30	62,249.50	51,808.62	12.42	100	Upward Expansion	78	70
2025-05-23	59,199.53	51,247.78	4.05	246	Upward Expansion	66	51
2025-05-16	60,049.52	50,713.61	6.73	243	Upward Expansion	75	49
2025-05-09	57,649.54	50,203.60	12.45	293	Upward Expansion	53	33
2025-05-02	56,399.55	49,791.93	10.87	48	Upward Expansion	50	38
2025-04-25	54,599.57	49,440.25	1.43	319	Upward Expansion	60	47
2025-04-18	53,599.58	49,120.24	1.36	124	Upward Expansion	67	63
2025-04-11	59,549.53	48,845.23	8.39	73	Upward Expansion	80	92
2025-04-04	58,149.54	48,433.55	12.64	339	Upward Expansion	79	91
2025-03-28	59,449.36	48,056.87	1.73	57	Upward Expansion	95	96
2025-03-21	56,599.39	47,700.20	-5.96	793	Upward Expansion	91	88
2025-03-14	53,099.43	47,377.69	-8.77	1376	Upward Expansion	76	72
2025-03-07	51,899.45	47,174.34	-8.93	174	Upward Expansion	67	69
2025-02-28	51,949.45	46,897.67	-7.69	1589	Upward Expansion	72	74
2025-02-21	51,649.45	46,660.16	-15.34	651	Upward Expansion	73	73
2025-02-14	50,799.45	46,381.82	-18.41	508	Upward Expansion	68	72
2025-02-07	51,199.45	46,092.65	-19.65	1153	Upward Expansion	76	78
2025-01-31	49,049.48	45,882.64	-28.36	1194	Upward Expansion	64	73
2025-01-24	50,149.46	45,733.86	-27.54	2012	Upward Expansion	74	76
2025-01-17	50,049.46	45,540.90	-26.82	2054	Upward Expansion	75	71
2025-01-10	48,424.48	45,372.52	-37.45	136	Balance	66	49
2025-01-03	46,999.50	45,175.84	-38.52	78	Balance	45	25
2024-12-27	47,049.33	45,049.16	-35.77	106	Balance	34	14
2024-12-20	45,674.34	44,857.71	-35.57	740	Balance	-11	19
2024-12-13	42,924.38	44,653.74	-37.61	325	Balance	-24	31
2024-12-06	43,624.38	44,439.24	-32.56	706	Deceleration	2	6
2024-11-29	45,299.36	44,184.70	-32.46	37	Deceleration	31	17
2024-11-22	45,124.36	43,913.71	-32.07	2566	Deceleration	31	17
2024-11-15	45,224.36	43,658.02	-27.79	1669	Deceleration	29	12
2024-11-08	46,574.33	43,435.90	-22.95	447	Deceleration	30	15
2024-11-01	45,424.35	43,112.59	-22.57	498	Deceleration	15	14
2024-10-25	43,174.38	42,877.32	-27.08	70	Deceleration	-2	11
2024-10-18	44,749.36	42,790.20	-23.17	126	Deceleration	30	20
2024-10-11	45,299.36	42,654.71	-21.14	263	Deceleration	32	20
2024-10-04	45,849.34	42,456.31	-19.61	355	Deceleration	37	23
2024-09-27	44,999.19	42,251.43	-20.55	309	Upward Expansion	41	28
2024-09-20	45,349.18	42,105.81	-24.82	166	Upward Expansion	57	44
2024-09-13	47,199.15	41,932.22	-22.24	511	Upward Expansion	61	67
2024-09-06	46,849.16	41,651.94	-19.09	316	Upward Expansion	63	72
2024-08-30	48,749.12	41,530.27	-16.28	415	Upward Expansion	78	78
2024-08-23	46,924.16	41,367.84	-14.20	343	Upward Expansion	69	65
2024-08-16	46,999.16	41,199.60	-16.59	158	Upward Expansion	71	44
2024-08-09	43,599.21	41,151.37	-19.77	205	Upward Expansion	43	26
2024-08-02	44,824.20	41,029.37	-9.40	373	Upward Expansion	55	35
2024-07-26	43,299.22	40,886.19	-19.04	480	Upward Expansion	48	34
2024-07-19	42,124.24	40,509.54	-22.94	814	Upward Expansion	61	44
2024-07-12	44,899.20	40,171.11	-25.22	443	Upward Expansion	69	73
2024-07-05	44,586.20	39,791.39	-22.31	661	Upward Expansion	70	77
2024-06-28	44,360.54	39,468.16	-22.30	1160	Upward Expansion	72	80
2024-06-21	44,998.02	39,066.11	-19.91	342	Deceleration	80	82
2024-06-14	42,524.07	38,622.08	-24.96	460	Deceleration	57	51
2024-06-07	43,199.05	38,199.23	-21.06	195	Deceleration	70	45
2024-05-31	41,306.10	37,780.74	-30.90	528	Deceleration	44	21
2024-05-24	39,555.14	37,369.23	-28.70	927	Deceleration	12	15
2024-05-17	36,489.20	36,927.36	-32.64	195	Deceleration	-26	44
2024-05-10	35,988.21	36,743.49	-31.07	840	Deceleration	-11	34
2024-05-03	37,169.69	36,523.42	-31.54	738	Deceleration	-0	25
2024-04-26	37,453.68	36,171.70	-22.39	315	Deceleration	4	17
2024-04-19	38,560.66	35,713.21	-14.57	198	Deceleration	16	15
2024-04-12	36,875.20	35,176.14	-22.31	210	Deceleration	11	10
2024-04-05	38,366.16	34,672.94	-17.55	623	Deceleration	35	19
2024-03-29	40,560.95	34,125.06	-13.25	8520	Deceleration	39	23
2024-03-22	40,684.45	33,519.67	-14.32	211	Deceleration	38	24
2024-03-15	39,347.48	32,919.36	-5.22	4445	Deceleration	37	24
2024-03-08	39,702.97	32,313.00	1.72	1197	Deceleration	39	25
2024-03-01	40,630.45	31,601.89	-1.12	834	Upward Expansion	44	33
2024-02-23	40,141.46	30,847.27	-6.74	1990	Upward Expansion	49	40
2024-02-16	38,790.99	30,063.46	-6.58	55	Upward Expansion	61	50
2024-02-09	43,198.88	29,324.41	-1.91	109	Upward Expansion	66	72
2024-02-02	43,876.36	28,447.18	-14.63	220	Upward Expansion	71	82
2024-01-26	41,876.91	27,520.58	-14.73	197	Upward Expansion	67	82
2024-01-19	45,552.32	26,667.99	-1.20	303	Upward Expansion	86	81
2024-01-12	39,938.96	25,678.11	-1.39	2297	Upward Expansion	78	60
2024-01-05	40,528.95	24,859.50	-1.96	2255	Upward Expansion	85	60
2023-12-29	31,999.67	23,988.71	-12.25	340	Upward Expansion	61	49
2023-12-22	31,971.50	23,388.66	-14.46	571	Upward Expansion	64	55
2023-12-15	33,507.45	22,787.08	-8.76	404	Upward Expansion	69	61
2023-12-08	34,889.40	22,142.32	-7.38	133	Upward Expansion	83	69
2023-12-01	32,298.98	21,419.80	-7.87	97	Upward Expansion	74	65
2023-11-24	31,677.00	20,764.85	-14.90	33	Upward Expansion	77	66
2023-11-17	29,838.56	20,122.40	13.03	291	Upward Expansion	69	64
2023-11-10	30,644.54	19,535.59	12.96	157	Upward Expansion	78	70
2023-11-03	28,960.59	18,872.71	10.35	412	Upward Expansion	71	68
2023-10-27	26,299.17	18,266.43	-2.94	300	Upward Expansion	68	68
2023-10-20	30,973.03	17,729.13	-6.98	258	Upward Expansion	93	77
2023-10-13	29,386.08	16,995.40	-7.70	342	Upward Expansion	95	77
2023-10-06	26,618.16	16,329.20	0.51	321	Upward Expansion	93	76

Price vs TrendAbove+6.1%

Trend directionRising+4.8%

Price vs current Fair ValuePremium+75.6%

Fair Value directionMoving away-30.0%

Relative Strength vs benchmarkLeading+11.1%

Relative strength directionImproving+2.3%

Price momentumPositive+19.0%

Volume balanceSupply-led0.95×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

46 / ±100

-28.5 points since 2026-08-28

Energy

39 /100

-27.0 points since 2026-08-28

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

CAH Directional State ↗ CAH Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance31

Rotation Up37

Upward Expansion66

Deceleration88

Rotation Down28

Downward Expansion18

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-10-06 to 2026-09-25 · 156 classified observations out of 156 shown.

Balance 3%Rotation Up 1%Upward Expansion 69%Deceleration 22%Rotation Down 2%Downward Expansion 3%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-07-10	2026-09-25	Developing	-2.8%
Rotation Up	2026-06-26	2026-07-03	New	+0.4%
Downward Expansion	2026-05-29	2026-06-19	New	+21.0%
Rotation Down	2026-05-08	2026-05-22	New	+8.4%
Deceleration	2026-03-20	2026-05-01	Developing	-5.1%
Upward Expansion	2025-09-19	2026-03-13	Established	+36.3%
Deceleration	2025-09-05	2025-09-12	New	+8.4%
Upward Expansion	2025-01-17	2025-08-29	Extended	+34.2%
Balance	2024-12-13	2025-01-10	Developing	+12.8%
Deceleration	2024-10-04	2024-12-06	Developing	-4.9%
Upward Expansion	2024-06-28	2024-09-27	Established	+1.4%
Deceleration	2024-03-08	2024-06-21	Established	+13.3%
Upward Expansion	2023-04-14	2024-03-01	Extended	+277.7%
Deceleration	2023-03-24	2023-04-07	New	+20.2%

Classic Stage Analysis comparison

Stage 1 · Basing12

Stage 2 · Advancing100

Stage 3 · Distribution69

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2B · Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^MERV

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Leading benchmark

Architecture confirmation: 80/100
Current Relative Strength: 11.08
Relative Strength direction: Improving
Price momentum: +19.0%
Excess performance vs benchmark: +15.4%
Healthcare regime cohort: 27th percentile11 in cohort

Test CAH trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.52×

Latest completed volume relative to typical participation.

Up/down volume0.95×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+75.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+12.5%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore CAH Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity ARS 122,381.67falling

Slow Activity ARS 117,019.43rising

Trend Reference ARS 112,075.40+6.1% close margin

Current Fair Value ARS 67,720.01+75.6% close margin

Structural low ARS 88,924.88shock / repair context

What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +3.6%

Annualized volatility +26.0%

From structural high -12.1%

From structural low +64.6%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs ^MERV	Regime survived	Read
Near term	52	+4.0%-14.8% to +42.5%	+71.2%	+71.2%	+1.7%	+86.5%	Usable descriptive sample
Intermediate	18	+16.8%-16.7% to +67.9%	+77.8%	+77.8%	-2.2%	+77.8%	Usable descriptive sample
Extended	10	+39.2%+5.4% to +152.1%	+100.0%	+100.0%	-6.5%	+90.0%	Usable descriptive sample
Full cycle	5	+76.1%+55.4% to +201.9%	+100.0%	+100.0%	-7.3%	+80.0%	Usable descriptive sample

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

CAH Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding upward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The weekly architecture is expanding upward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

Volume & Price ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Momentum Intelligence

Volume & Price

Similar Charts

RMI Reversal Map