CVS HEALTH CORP (CVS)       86.18  -1.31 (-1.5%)

86.18  -1.31 (-1.5%)

US1266501006 - Common Stock - Premarket: 86.36 +0.18 (+0.21%)

Technical Rating

0

Overall CVS gets a technical rating of 0 out of 10. CVS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



CVS has an average volume of 7396250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CVS is a bad performer in the overall market: 86% of all stocks are doing better.
CVS is part of the Health Care Providers & Services industry. There are 124 other stocks in this industry, of which 71% are performing better than CVS.
CVS is currently trading near the lower end of its 52 week range, which is not a good sign. CVS is lagging the S&P500 Index which is trading in the middle of its 52 week range.
CVS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Statistics

1 Month 3 Months 6 Months 12 Months -6.31% -13.44% -15.72% -20.56% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 14.98 84.82 - 111.25
CVS Weekly chart
CVS Daily chart

Support/Resistance Analysis


84.89

110.36
We found 1 important support area.
  • A support zone ranging from 85.75 to 86.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
  • A resistance zone ranging from 87.03 to 88.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @100.44 from a trend line in the weekly time frame.
  • Resistance @103.04 from a horizontal line in the daily time frame.
  • Resistance @106.43 from a horizontal line in the daily time frame.
  • Resistance @109.27 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

5

CVS has a poor technical rating and the quality of the setup is also 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.


CVS Daily chart

CVS HEALTH CORP86.18

NYSE:CVS (2/2/2023, 7:04:00 PM)-1.31 (-1.5%)

Premarket: 86.36 +0.18 (+0.21%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Health Care Providers & Services

Performance
Today -1.5% 1 Week -1.69%
2 Weeks -1.49% 1 Month -6.31%
3 Month -13.44% 6 Month -15.72%

Volatility
ATR(14) 1.41 ATR(20)% 1.8%
ATR Inc 28.17% Range Today 1.51

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 14.98 Mansfield -1.48
10 Day High 88.5 10 Day Low 84.82
20 Day High 93.25 20 Day Low 84.82
52 Week High 111.25 52 Week Low 84.82
CS1 End 86.17 CR1 Start 87.03

Volume & EV
DER(3) 3.35% DER(5) 1.89%
Volume 11.24M Volume Incr -13.15%
Vol(5) 8.58M Vol(50) 7.40M

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