CVS Technical Analysis - CVS HEALTH CORP

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to CVS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CVS is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that CVS is one of the better performing stocks in the market, outperforming 86% of all stocks.

CVS is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry. CVS outperforms 81% of them.

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 73.18 - 79.94 range, which is quite wide. It is currently trading near the high of this range.

CVS has an average volume of 6975430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

CVS HEALTH CORP / CVS Weekly stock chart

Setup Rating and Analysis

Although CVS has an excellent technical rating, it does not offer a high quality setup 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

59.44

82.44

We found 5 important support areas.

A support zone ranging from 79.67 to 79.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 76.41 to 77.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @70.26 from a horizontal line in the daily time frame.
A support zone ranging from 66.40 to 67.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 60.04 to 61.12. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	86.99	POSITIVE	CVS has a high relative strength, it outperformed 86.99% 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)	72.12	OVERBOUGHT	The high RSI value suggests CVS may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests CVS has a positive trend.
Stochastics (14,3)	83.36	OVERBOUGHT	The high Stochastics value suggests CVS may be overbought.
Average True Range in percent/ATR (20)	2.26	MEDIUM VOLATILITY	The ATR as a percentage value for CVS suggests some volalility.
Average Directional Index/ADX (14)	24.42	NEUTRAL	The ADX value for CVS suggests a possible start of a new trend.