CVS HEALTH CORP (CVS) Stock Technical Analysis
USA - NYSE:CVS - US1266501006 - Common Stock
Taking everything into account, CVS scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 76.03 to 76.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @69.66 from a trend line in the weekly time frame.
- Support @66.40 from a horizontal line in the daily time frame.
- Support @60.04 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 76.23 to 76.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 78.03 to 78.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 81.42 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 | DOWN | NEGATIVE | The short term trend for CVS is down. |
| ChartMill Relative Strength | 87.45 | POSITIVE | CVS has a high relative strength, it outperformed 87.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CVS is below 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) | 39.97 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests CVS has a negative trend. |
| Stochastics (14,3) | 14.71 | OVERSOLD | The low Stochastics value suggests CVS may be oversold. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.4 | 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 |
|---|---|---|---|
| 76.75 | 76.02 | 0.73 (0.95%) | 25.00% |
| An entry @76.75. This is a Buy Stop order right above the resistance zone. | An exit @76.02. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.73 points, which is 0.95%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CVS. Please evaluate whether better entry and exit points can be found.
- 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.
76.04
-0.51 (-0.67%)
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 39.97. This indicates that the stock is currently neutral.
What is the buy/sell signal for CVS HEALTH CORP (CVS) stock?
The buy/sell signal for CVS HEALTH CORP (CVS) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for CVS HEALTH CORP?
CVS HEALTH CORP (CVS) has a support level at 76.03 and a resistance level at 76.23. Check the full technical report for our detailed analysis of CVS support and resistance levels.