CVS HEALTH CORP (CVS) Stock Technical Analysis
NYSE:CVS • US1266501006
Overall CVS gets a technical rating of 3 out of 10. CVS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- 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.
- CVS has an average volume of 8794780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, CVS outperforms 65% of them, which is more or less in line with the market.
- CVS is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, CVS did better than 64% of them.
- In the last month CVS has a been trading in the 70.69 - 84.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CVS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 78.45, a Stop Loss order could be placed below this zone.
More info and screens
69.56
3 important support areas can be observed.
- A support zone ranging from 75.99 to 78.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 73.35 to 74.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- 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.
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 | NEUTRAL | NEUTRAL | The long term trend for CVS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVS is neutral. |
| ChartMill Relative Strength | 65.69 | NEUTRAL | CVS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CVS is above a declining 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) | 52.1 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests CVS has a positive trend. |
| Stochastics (14,3) | 64.9 | NEUTRAL | The Stochastics value for CVS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.88 | NEUTRAL | The ADX value for CVS suggests a possible start of a new trend. |
78.48
+0.55 (+0.71%)
CVS HEALTH CORP / CVS FAQ
What is the technical rating for CVS stock?
ChartMill assigns a technical rating of 3 / 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 Bearish.
What is the RSI signal for CVS stock?
CVS HEALTH CORP (CVS) has an RSI value of 52.0995. 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 0.205157, indicating a bearish trend.