CVS HEALTH CORP (CVS) Technical Analysis
NYSE:CVS • US1266501006
Current stock price
82.09 USD
-1.2 (-1.44%)
At close:
82.16 USD
+0.07 (+0.09%)
After Hours:
CVS Technical Rating and Analysis
Overall CVS gets a technical rating of 8 out of 10. Although CVS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CVS is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 77% of 101 stocks in the same industry.
- 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 72.10 - 83.93 range, which is quite wide. It is currently trading near the high of this range.
- CVS has an average volume of 7764100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that CVS is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CVS Weekly and Daily overview Charts
CVS 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
CVS Support and Resistance Analysis
69.38
84.74
We found 3 important support areas.
- A support zone ranging from 76.51 to 79.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 71.68 to 72.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 70.08 to 70.26. 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 82.52 to 83.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
CVS 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 | 70.39 | POSITIVE | CVS has a high relative strength, it outperformed 70.39% 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) | 62.34 | NEUTRAL | The RSI value for CVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests CVS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.86 | OVERBOUGHT | The high Stochastics value suggests CVS may be overbought. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for CVS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.59 | POSITIVE | The high ADX value value for CVS suggests a strong trend. |
CVS Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
CVS Technicals: Chart, Performance Metrics, Trend & Indicators
82.09
-1.2 (-1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.44%
1 Week5.32%
2 Weeks6.2%
1 Month11.7%
3 Month10.16%
6 Month5.04%
12 Month21.69%
2 Year37.73%
3 Year20.67%
5 Year-5.03%
10 Year-14.89%
15 Year112.17%
Volatility
ATR(14)2.04
ATR(20)%2.48%
ATR Inc-19.6%
Range Today1.67
ADR(20)1.86
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.39
3 months CRS82.04
6 months CRS60.22
Mansfield0.14
10 Day High83.93
10 Day Low76.1
20 Day High83.93
20 Day Low72.1
52 Week High85.15
52 Week Low58.35
CS1 End79.9
CR1 Start82.52
Volume & EV
DER(3)0.64%
DER(5)0.94%
Volume4.94M
Volume Incr-6.61%
Vol(5)6.99M
Vol(50)7.76M
CVS HEALTH CORP / CVS TA 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 HEALTH CORP (CVS) stock?
CVS HEALTH CORP (CVS) has an RSI value of 62.341. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CVS HEALTH CORP?
The short term momentum for CVS HEALTH CORP (CVS) is positive.
What are the support and resistance levels for CVS HEALTH CORP (CVS) stock?
CVS HEALTH CORP (CVS) has a support level at 79.9 and a resistance level at 82.52. Check the full technical report for our detailed analysis of CVS support and resistance levels.