CVS HEALTH CORP (CVS)

US1266501006 - Common Stock

59.6  +3.56 (+6.35%)

After market: 59.4 -0.2 (-0.34%)

Technical Rating and Analysis

1

We assign a technical rating of 1 out of 10 to CVS. CVS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CVS is a bad performer in the overall market: 83% of all stocks are doing better.
CVS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CVS has a been trading in the 52.77 - 59.73 range, which is quite wide. It is currently trading near the high of this range.
CVS has an average volume of 13011800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CVS is an average performer in the Health Care Providers & Services industry, it outperforms 45% of 116 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
CVS Weekly chart
CVS Daily chart
Setup Rating and Analysis

2

The technical rating of CVS is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

53.08

82.23

We found 2 important support areas.

  • A support zone ranging from 55.53 to 56.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @53.62 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

  • Resistance @72.57 from a horizontal line in the daily time frame.
  • Resistance @76.78 from a trend line in the weekly time frame.
  • Resistance @81.42 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.73
Mansfield-2.53
10 Day High59.73
10 Day Low52.77
20 Day High59.73
20 Day Low52.77
52 Week High83.25
52 Week Low52.77
Performance
1 Week7.1%
2 Weeks3.62%
1 Month8.07%
3 Month-19.28%
6 Month-12.97%
12 Month-14.84%
2 Year-38.4%
3 Year-31.05%
5 Year13.81%
10 Year-23.9%
15 Year100%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.71
RSI(14)51.63
LBB53.38
UBB59.5
CVS Daily chart

CVS HEALTH CORP

NYSE:CVS (5/31/2024, 7:04:00 PM)

After market: 59.4 -0.2 (-0.34%)

59.6

+3.56 (+6.35%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg6.35%
1 Week7.1%
2 Weeks3.62%
1 Month8.07%
3 Month-19.28%
6 Month-12.97%
12 Month-14.84%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.66
ATR(20)%2.55%
ATR Inc
Range Today3.8
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High59.73
10 Day Low52.77
20 Day High59.73
20 Day Low52.77
52 Week High83.25
52 Week Low52.77
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume22.37M
Volume Incr-5.77%
Vol(5)16.24M
Vol(50)13.01M