CVS HEALTH CORP (CVS) Stock Technical Analysis
USA - NYSE:CVS - US1266501006 - Common Stock
77.49 USD
+0.04 (+0.05%)
77.3985 USD
-0.09 (-0.12%)
We assign a technical rating of 8 out of 10 to CVS. 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.
Both the short term and long term trends are positive. This is a very positive sign.
CVS is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 74% of 101 stocks in the same industry.
CVS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CVS has a been trading in the 69.60 - 79.20 range, which is quite wide. It is currently trading near the high of this range.
CVS has an average volume of 7816200 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.
CVS has an excellent technical rating, but the quality of the setup is only medium 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
78.28
We found 4 important support areas.
- A support zone ranging from 70.26 to 71.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 65.97 to 66.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.04 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 77.50 to 77.50. 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 | 78.14 | POSITIVE | CVS has a high relative strength, it outperformed 78.14% 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) | 67.32 | 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) | 85.37 | OVERBOUGHT | The high Stochastics value suggests CVS may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 24.87 | NEUTRAL | The ADX value for CVS suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 77.51 | 73.79 | 3.72 (4.80%) | 20.84% |
| An entry @77.51. This is a Buy Stop order right above the resistance zone. | An exit @73.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.72 points, which is 4.80%. | For a 1.00% total portfolio risk, you can invest 20.84% of your capital in this trade. |
- 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.
77.49
+0.04 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.05%
1 Week2.27%
2 Weeks3.43%
1 Month5.03%
3 Month14.92%
6 Month21.72%
12 Month19.97%
2 Year12.29%
3 Year-18.17%
5 Year38.15%
10 Year-21.55%
15 Year157.19%
Volatility
ATR(14)1.78
ATR(20)%2.56%
ATR Inc1.46%
Range Today2.12
ADR(20)1.95
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.14
Mansfield1.06
10 Day High79.2
10 Day Low73.8
20 Day High79.2
20 Day Low69.6
52 Week High79.2
52 Week Low43.56
CS1 End71.58
CR1 Start77.5
Volume & EV
DER(3)1.6%
DER(5)1.54%
Volume7.09M
Volume Incr-3.34%
Vol(5)7.40M
Vol(50)7.82M