CVS HEALTH CORP (CVS) Stock Technical Analysis
USA - NYSE:CVS - US1266501006 - Common Stock
74.98 USD
+0.31 (+0.42%)
75 USD
+0.02 (+0.03%)
We assign a technical rating of 8 out of 10 to CVS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CVS is only an average performer.
The long and short term trends are both positive. This is looking good!
CVS is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. CVS outperforms 81% of them.
A new 52 week high is currently being made by CVS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month CVS has a been trading in the 67.42 - 75.55 range, which is quite wide. It is currently trading near the high of this range.
CVS has an average volume of 7700260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CVS is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although CVS has an excellent technical rating, it does not offer a high quality setup 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
59.44
75.74
We found 6 important support areas.
- A support zone ranging from 71.75 to 72.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @70.26 from a horizontal line in the daily time frame.
- A support zone ranging from 66.40 to 67.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @64.39 from a trend line in the weekly time frame.
- Support @62.45 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 74.99 to 74.99. 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 | 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 | 78.71 | POSITIVE | CVS has a high relative strength, it outperformed 78.71% off all stocks 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) | 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) | 67.55 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CVS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.98 | OVERBOUGHT | The high Stochastics value suggests CVS may be overbought. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 39.33 | 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)
74.98
+0.31 (+0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.42%
1 Week1.63%
2 Weeks3.94%
1 Month12.36%
3 Month11.15%
6 Month14.16%
12 Month29.32%
2 Year7.39%
3 Year-21.38%
5 Year28.39%
10 Year-22.28%
15 Year138.26%
Volatility
ATR(14)1.62
ATR(20)%2.16%
ATR Inc-11.78%
Range Today1.13
ADR(20)1.51
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.71
Mansfield0.93
10 Day High75.55
10 Day Low69.6
20 Day High75.55
20 Day Low67.42
52 Week High75.55
52 Week Low43.56
CS1 End72.19
CR1 Start74.99
Volume & EV
DER(3)1%
DER(5)0.93%
Volume6.40M
Volume Incr70.79%
Vol(5)10.35M
Vol(50)7.70M