CVS HEALTH CORP (CVS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVS - US1266501006 - Common Stock
We assign a technical rating of 7 out of 10 to CVS. In the last year, CVS was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, CVS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 79.02, a Stop Loss order could be placed below this zone.
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71.58
We found 2 important support areas.
- A support zone ranging from 75.00 to 79.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @72.30 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @80.26 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for CVS is neutral. |
| ChartMill Relative Strength | 91.8 | POSITIVE | CVS has a high relative strength, it outperformed 91.8% 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) | 53.43 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CVS has a positive trend. |
| Stochastics (14,3) | 61.63 | NEUTRAL | The Stochastics value for CVS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 10.14 | 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 |
|---|---|---|---|
| 80.27 | 77.01 | 3.26 (4.06%) | 24.62% |
| An entry @80.27. This is a Buy Stop order right above the resistance zone. | An exit @77.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.26 points, which is 4.06%. | When investing 24.62% 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.
79.12
+1.08 (+1.38%)
CVS HEALTH CORP / CVS FAQ
What is the technical rating for CVS stock?
ChartMill assigns a technical rating of 7 / 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 53.4257. 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 79.02 and a resistance level at 80.26. Check the full technical report for our detailed analysis of CVS support and resistance levels.