CVS HEALTH CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CVS
ISIN:

CVS HEALTH CORP. - 1H - Technical analysis published on 05/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

61%

33%

My opinion

Bullish above 57.07 USD

My targets

59.44 USD (+3.38%)

63.81 USD (+10.97%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on CVS HEALTH CORP. as long as the price remains well above 57.07 USD. The buyers' bullish objective is set at 59.44 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 63.81 USD. If there is any crossing, the next objective would be the resistance located at 67.74 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

3.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

CVS HEALTH CORP. rating 57.50 USD. On the day, this instrument lost -0.04% and was traded between 57.08 USD and 57.65 USD over the period. The price is currently at +0.74% from its lowest and -0.26% from its highest.

57.08

57.65

57.50

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in 1H of this CVS HEALTH CORP. chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	51.62	54.99	57.07	57.50	63.81	67.74	70.16
Change (%)	-10.23%	-4.37%	-0.75%	-	+10.97%	+17.81%	+22.02%
Change	-5.88	-2.51	-0.43	-	+6.31	+10.24	+12.66
Level	Intermediate	Major	Intermediate	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.20	55.75	56.63	57.18	58.06	58.61	59.49
Camarilla	57.13	57.26	57.39	57.52	57.65	57.78	57.91
Woodie	55.38	55.83	56.81	57.26	58.24	58.69	59.67
Fibonacci	55.75	56.29	56.63	57.18	57.72	58.06	58.61

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.24	53.47	54.64	55.87	57.04	58.27	59.44
Camarilla	55.16	55.38	55.60	55.82	56.04	56.26	56.48
Woodie	52.22	53.46	54.62	55.86	57.02	58.26	59.42
Fibonacci	53.47	54.38	54.95	55.87	56.78	57.35	58.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.78	58.76	63.24	71.22	75.70	83.68	88.16
Camarilla	64.28	65.43	66.57	67.71	68.85	69.99	71.14
Woodie	49.02	57.89	61.48	70.35	73.94	82.81	86.40
Fibonacci	58.76	63.52	66.46	71.22	75.98	78.92	83.68

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.50
MACD (12,26,9):	0.3300
Directional Movement:	12.63
AROON (14):	50.00
DEMA (21):	57.46
Parabolic SAR (0,02-0,02-0,2):	56.89
Elder Ray (13):	0.15
Super Trend (3,10):	56.39
Zig ZAG (10):	57.41
VORTEX (21):	1.2200
Stochastique (14,3,5):	77.79
TEMA (21):	57.62
Williams %R (14):	-22.65
Chande Momentum Oscillator (20):	-0.23
Repulse (5,40,3):	0.2100
ROCnROLL:	1
TRIX (15,9):	0.0900
Courbe Coppock:	3.69

MA7:	56.45
MA20:	60.24
MA50:	68.54
MA100:	71.90
MAexp7:	57.33
MAexp20:	57.02
MAexp50:	56.84
MAexp100:	58.37
Price / MA7:	+1.86%
Price / MA20:	-4.55%
Price / MA50:	-16.11%
Price / MA100:	-20.03%
Price / MAexp7:	+0.30%
Price / MAexp20:	+0.84%
Price / MAexp50:	+1.16%
Price / MAexp100:	-1.49%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on CVS HEALTH CORP. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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