CVS HEALTH CORP (CVS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVS - US1266501006 - Common Stock
Overall CVS gets a technical rating of 8 out of 10. 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, CVS did better than 85% of all other stocks.
- CVS is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 73% of 102 stocks in the same industry.
- 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.
- In the last month CVS has a been trading in the 77.02 - 81.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- CVS has an average volume of 7061070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, CVS also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 79.72, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
73.66
We found 1 important support area.
- A support zone ranging from 74.40 to 79.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 80.18 to 80.83. 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 82.52 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 | NEUTRAL | NEUTRAL | The short term trend for CVS is neutral. |
| ChartMill Relative Strength | 85.47 | POSITIVE | CVS has a high relative strength, it outperformed 85.47% 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) | 52.2 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CVS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.1 | NEUTRAL | The Stochastics value for CVS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 13.59 | 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 |
|---|---|---|---|
| 80.84 | 77.59 | 3.26 (4.03%) | 24.84% |
| An entry @80.84. This is a Buy Stop order right above the resistance zone. | An exit @77.58. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.26 points, which is 4.03%. | When investing 24.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
80.09
+1.49 (+1.9%)
CVS HEALTH CORP / CVS FAQ
What is the technical rating for CVS stock?
ChartMill assigns a technical rating of 8 / 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 52.203. 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 -0.0764379, indicating a bearish trend.