CVS HEALTH CORP (CVS) Stock Technical Analysis
NYSE:CVS - New York Stock Exchange, Inc. - US1266501006 - Common Stock - Currency: USD
Taking everything into account, CVS scores 0 out of 10 in our technical rating. CVS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
68% of all other stocks performed better in the past year than CVS.
CVS has an average volume of 8070960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CVS is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, CVS did better than 60% of them.
CVS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVS is lagging the market.
In the last month CVS has a been trading in the 58.50 - 67.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
CVS has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
58.15
70.88
When analyzing the support we notice one important area.
- A support zone ranging from 58.74 to 61.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @66.40 from a horizontal line in the daily time frame.
- Resistance @67.48 from a trend line in the weekly time frame.
- A resistance zone ranging from 68.64 to 70.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CVS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVS is down. |
| ChartMill Relative Strength | 32.97 | NEUTRAL | CVS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CVS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.4 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CVS has a positive trend. |
| Stochastics (14,3) | 41.65 | NEUTRAL | The Stochastics value for CVS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 28.94 | POSITIVE | The high ADX value value for CVS suggests a strong trend. |
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)
61.45
-1.02 (-1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.63%
1 Week3.03%
2 Weeks-0.31%
1 Month-7.84%
3 Month-8.24%
6 Month13.78%
12 Month7.6%
2 Year-5.71%
3 Year-37.39%
5 Year-1.08%
10 Year-39.99%
15 Year127.76%
Volatility
ATR(14)2.03
ATR(20)%2.91%
ATR Inc-35.85%
Range Today1.02
ADR(20)1.67
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.97
Mansfield-0.59
10 Day High66.92
10 Day Low58.5
20 Day High67.4
20 Day Low58.5
52 Week High72.51
52 Week Low43.56
CS1 End61.03
CR1 Start66.4
Volume & EV
DER(3)-0.51%
DER(5)0.59%
Volume7.87M
Volume Incr104.68%
Vol(5)14.61M
Vol(50)8.07M