CVS HEALTH CORP (CVS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVS - US1266501006 - Common Stock
Overall CVS gets a technical rating of 8 out of 10. 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.
Besides having an excellent technical rating, CVS also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 82.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.26, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
72.62
3 important support areas can be observed.
- A support zone ranging from 78.31 to 80.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.00 to 76.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.35 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 82.52 to 83.04. 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 | 88.63 | POSITIVE | CVS has a high relative strength, it outperformed 88.63% 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) | 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) | 55.73 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CVS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.79 | NEUTRAL | The Stochastics value for CVS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for CVS suggests low volalility. |
| Average Directional Index/ADX (14) | 14.29 | NEGATIVE | The low ADX value for CVS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 83.05 | 78.30 | 4.75 (5.72%) | 17.48% |
| An entry @83.05. This is a Buy Stop order right above the resistance zone. | An exit @78.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.75 points, which is 5.72%. | When investing 17.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
80.3
-0.3 (-0.37%)
CVS HEALTH CORP / CVS FAQ
What is the technical rating for CVS stock?
ChartMill assigns a technical rating of 8 / 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 stock?
CVS HEALTH CORP (CVS) has an RSI value of 55.7297. This indicates that the stock is currently neutral.
What is the MACD signal for CVS stock?
The MACD indicator for CVS HEALTH CORP (CVS) has a value of 0.130006, indicating a bearish trend.
What is the buy/sell signal for CVS stock?
The buy/sell signal for CVS HEALTH CORP (CVS) is buy as both the short term and long term trends are positive.