CVS HEALTH CORP (CVS) Technical Analysis
NYSE:CVS • US1266501006
Current stock price
CVS Technical Rating and Analysis
Taking everything into account, CVS scores 5 out of 10 in our technical rating. In the last year, CVS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long and short term trends are both positive. This is looking good!
- 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.
- In the last month CVS has a been trading in the 69.51 - 79.56 range, which is quite wide. It is currently trading near the high of this range.
- CVS has an average volume of 7947050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CVS outperforms 49% of them, which is more or less in line with the market.
- CVS is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry, CVS did better than 64% of them.
CVS Weekly and Daily overview Charts
CVS Setup Rating and Analysis
CVS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 76.63, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CVS Support and Resistance Analysis
69.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 75.07 to 76.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.08 to 72.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 77.57 to 78.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 82.52 to 83.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
CVS Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for CVS is up. |
| ChartMill Relative Strength | 49.65 | NEUTRAL | CVS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CVS is above a declining 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) | 55.09 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests CVS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.36 | NEUTRAL | The Stochastics value for CVS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.66 | NEGATIVE | The low ADX value for CVS suggests a weak or negative trend. |
CVS Chart- and CandleStick Pattern Analysis
CVS Technicals: Chart, Performance Metrics, Trend & Indicators
77.36
+0.78 (+1.02%)
CVS HEALTH CORP / CVS TA FAQ
What is the technical rating for CVS stock?
ChartMill assigns a technical rating of 5 / 10 to CVS.
What is the current trend direction of CVS HEALTH CORP (CVS) stock?
The current trend direction for CVS HEALTH CORP (CVS) is Bullish.
What is the RSI signal for CVS HEALTH CORP (CVS) stock?
CVS HEALTH CORP (CVS) has an RSI value of 55.0898. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CVS HEALTH CORP?
The short term momentum for CVS HEALTH CORP (CVS) is positive.
What are the support and resistance levels for CVS HEALTH CORP (CVS) stock?
CVS HEALTH CORP (CVS) has a support level at 76.63 and a resistance level at 77.57. Check the full technical report for our detailed analysis of CVS support and resistance levels.