CVS HEALTH CORP (CVS) Stock Technical Analysis
NYSE:CVS - New York Stock Exchange, Inc. - US1266501006 - Common Stock - Currency: USD
Overall CVS gets a technical rating of 6 out of 10. Although CVS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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 58.35 - 66.36 range, which is quite wide. It is currently trading near the high of this range.
CVS has an average volume of 10370700 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 56% of them, which is more or less in line with the market.
CVS is an average performer in the Health Care Providers & Services industry, it outperforms 56% of 102 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
CVS has an average technical rating and it also 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
70.88
We found 3 important support areas.
- A support zone ranging from 64.17 to 65.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 62.55 to 63.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 67.89 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 | 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 | 56.99 | 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) | 60.87 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests CVS has a positive trend. |
| Stochastics (14,3) | 97.68 | OVERBOUGHT | The high Stochastics value suggests CVS may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.83 | NEGATIVE | The low ADX value for CVS suggests a weak or negative 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)
66.35
+0.63 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.96%
1 Week5.18%
2 Weeks5.69%
1 Month10.51%
3 Month1.02%
6 Month34.39%
12 Month10.18%
2 Year-4.02%
3 Year-28.39%
5 Year2.12%
10 Year-36.74%
15 Year126.3%
Volatility
ATR(14)1.32
ATR(20)%2.21%
ATR Inc15.55%
Range Today1.54
ADR(20)1.39
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.99
Mansfield0.54
10 Day High66.36
10 Day Low62.18
20 Day High66.36
20 Day Low58.35
52 Week High72.51
52 Week Low43.56
CS1 End65.11
CR1 Start67.89
Volume & EV
DER(3)3.68%
DER(5)2.98%
Volume6.56M
Volume Incr-46.21%
Vol(5)5.29M
Vol(50)10.37M