CVS HEALTH CORP. - Weekly - Technical analysis published on 07/24/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 87.69 USD
My targets
100.45 USD (+6.79%)
109.62 USD (+16.54%)
My analysis
With a bullish background trend, the price of CVS HEALTH CORP. is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 87.69 USD. A bullish break in the resistance located at 100.45 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 109.62 USD. PS: if there is a bearish break in the support located at 87.69 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.1
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This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CVS HEALTH CORP. rating 94.06 USD. Over 5 days, this instrument lost -1.37% and was traded between 92.00 USD and 96.51 USD over the period. The price is currently at +2.24% from its lowest point and -2.54% from its highest point.92.00
96.51
94.06
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of CVS HEALTH CORP. indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Weekly
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
Near support of channel
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 62.87 | 73.02 | 87.69 | 94.06 | 94.62 | 100.45 | 109.62 |
| Change (%) | -33.16% | -22.37% | -6.77% | - | +0.60% | +6.79% | +16.54% |
| Change | -31.19 | -21.04 | -6.37 | - | +0.56 | +6.39 | +15.56 |
| Level | Minor | Major | Major | - | Major | 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 | 92.12 | 92.65 | 93.36 | 93.89 | 94.60 | 95.13 | 95.84 |
| Camarilla | 93.72 | 93.83 | 93.95 | 94.06 | 94.17 | 94.29 | 94.40 |
| Woodie | 92.20 | 92.70 | 93.44 | 93.94 | 94.68 | 95.18 | 95.92 |
| Fibonacci | 92.65 | 93.13 | 93.42 | 93.89 | 94.37 | 94.66 | 95.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.27 | 88.37 | 91.59 | 93.69 | 96.91 | 99.01 | 102.23 |
| Camarilla | 93.36 | 93.85 | 94.33 | 94.82 | 95.31 | 95.80 | 96.28 |
| Woodie | 86.84 | 88.65 | 92.16 | 93.97 | 97.48 | 99.29 | 102.80 |
| Fibonacci | 88.37 | 90.40 | 91.65 | 93.69 | 95.72 | 96.97 | 99.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.33 | 83.12 | 87.62 | 92.41 | 96.91 | 101.70 | 106.20 |
| Camarilla | 89.57 | 90.42 | 91.27 | 92.12 | 92.97 | 93.82 | 94.68 |
| Woodie | 78.19 | 83.05 | 87.48 | 92.34 | 96.77 | 101.63 | 106.06 |
| Fibonacci | 83.12 | 86.67 | 88.86 | 92.41 | 95.96 | 98.15 | 101.70 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.14 | |
| MACD (12,26,9): | -1.0600 | |
| Directional Movement: | -8.62 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 95.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.91 | |
| Elder Ray (13): | -0.88 | |
| Super Trend (3,10): | 106.11 | |
| Zig ZAG (10): | 94.06 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 33.67 | |
| TEMA (21): | 92.00 | |
| Williams %R (14): | -66.79 | |
| Chande Momentum Oscillator (20): | -1.51 | |
| Repulse (5,40,3): | 2.5200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 17.44 |
| MA7: | 94.13 | |
| MA20: | 93.54 | |
| MA50: | 93.93 | |
| MA100: | 98.12 | |
| MAexp7: | 94.08 | |
| MAexp20: | 95.98 | |
| MAexp50: | 93.26 | |
| MAexp100: | 85.77 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | +0.14% | |
| Price / MA100: | -4.14% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -2.00% | |
| Price / MAexp50: | +0.86% | |
| Price / MAexp100: | +9.67% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CVS HEALTH CORP. at the time of the analysis were as follows:
- Thinking about trading options or stock in IBM, Intel Corp, Kraft Heinz, Goldman Sachs, or CVS Health Corp?
- CVS Health to hold second quarter 2022 earnings conference call
- Consumers Want a More Connected, Personal Health Care Experience, New CVS Health Study Reveals
- CVS Health Names Tilak Mandadi Executive Vice President and Chief Data, Digital and Technology Officer
- CVS Health announces quarterly dividend
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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