CVS HEALTH CORP (CVS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVS - US1266501006 - Common Stock
We assign a technical rating of 10 out of 10 to CVS. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CVS did better than 86% of all other stocks. On top of that, CVS also shows a nice and consistent pattern of rising prices.
- CVS is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. CVS outperforms 76% of them.
- CVS is currently trading near its 52 week high, which is a good sign. 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 77.59 - 84.00 range, which is quite wide. It is currently trading near the high of this range.
- CVS has an average volume of 7245510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
74.18
When analyzing the support we can see 3 important areas.
- Support @83.04 from a horizontal line in the daily time frame.
- A support zone ranging from 79.16 to 81.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 74.93 to 76.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 83.88 to 83.88. 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 | 86.83 | POSITIVE | CVS has a high relative strength, it outperformed 86.83% 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) | 64.13 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests CVS has a positive trend. |
| Stochastics (14,3) | 97.68 | OVERBOUGHT | The high Stochastics value suggests CVS may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 13.03 | 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 |
|---|---|---|---|
| 83.89 | 83.03 | 0.86 (1.03%) | 25.00% |
| An entry @83.89. This is a Buy Stop order right above the resistance zone. | An exit @83.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.86 points, which is 1.03%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.26%. |
- 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.
83.87
+0.86 (+1.04%)
CVS HEALTH CORP / CVS FAQ
What is the technical rating for CVS stock?
ChartMill assigns a technical rating of 10 / 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 64.1344. 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 0.328084, 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.