CVS HEALTH CORP (CVS) Stock Technical Analysis
USA - NYSE:CVS - US1266501006 - Common Stock
79.87 USD
+2.33 (+3%)
79.9616 USD
+0.09 (+0.11%)
Taking everything into account, CVS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CVS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, CVS did better than 88% of all other stocks. We also observe that the gains produced by CVS over the past year are nicely spread over this period.
CVS is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 80% of 100 stocks in the same industry.
CVS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CVS is lagging the market slightly.
CVS has an average volume of 7613990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CVS has a been trading in the 75.92 - 85.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CVS also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 78.56, a Stop Loss order could be placed below this zone.
More info and screens
59.44
83.87
We found 5 important support areas.
- A support zone ranging from 76.55 to 78.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @69.13 from a trend line in the weekly time frame.
- Support @66.40 from a horizontal line in the daily time frame.
- Support @61.95 from a trend line in the daily time frame.
- A support zone ranging from 60.04 to 60.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 80.27 to 83.04. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CVS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVS is neutral. |
| ChartMill Relative Strength | 88.46 | POSITIVE | CVS has a high relative strength, it outperformed 88.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.48 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests CVS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.24 | NEUTRAL | The Stochastics value for CVS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.27 | NEUTRAL | The ADX value for CVS suggests a possible start of a new 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)
79.87
+2.33 (+3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg3%
1 Week2.29%
2 Weeks-2.83%
1 Month0.26%
3 Month16.43%
6 Month27.73%
12 Month50.16%
2 Year17.54%
3 Year-21.6%
5 Year17.82%
10 Year-15.11%
15 Year157.64%
Volatility
ATR(14)2.17
ATR(20)%2.48%
ATR Inc37.3%
Range Today2.24
ADR(20)1.87
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.46
3 months CRS84.91
6 months CRS82.8
Mansfield0.93
10 Day High85.15
10 Day Low75.92
20 Day High85.15
20 Day Low75.92
52 Week High85.15
52 Week Low43.56
CS1 End78.56
CR1 Start80.27
Volume & EV
DER(3)0.52%
DER(5)0.46%
Volume5.93M
Volume Incr-30.26%
Vol(5)5.81M
Vol(50)7.61M
CVS HEALTH CORP / CVS FAQ
What is the technical rating for CVS stock?
ChartMill assigns a technical rating of 10 / 10 to CVS.
What is the trend direction for CVS stock?
The current trend direction for CVS HEALTH CORP (CVS) is Bullish.
What is the RSI signal for CVS stock?
CVS HEALTH CORP (CVS) has an RSI value of 54.4818. This indicates that the stock is currently neutral.
What are the support and resistance levels for CVS HEALTH CORP (CVS) stock?
CVS HEALTH CORP (CVS) has a support level at 78.56 and a resistance level at 80.27. Check the full technical report for our detailed analysis of CVS support and resistance levels.