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CVS HEALTH CORP.
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 08/03/2022 (GMT)

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  • 08/03/2022 - 16:50
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  • Timeframe : 1H
  • - Analysis generated on 08/03/2022 - 16:50
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 96.56 USD
My targets
102.29 USD (+1.42%)
107.38 USD (+6.46%)
My analysis
The bullish trend is currently very strong on CVS HEALTH CORP.. As long as the price remains above the support at 96.56 USD, you could try to benefit from the boom. The first bullish objective is located at 102.29 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 107.38 USD as an objective. Crossing it would then enable buyers to target 109.62 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
0
10
9.1

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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15 min. Daily Weekly

Additional analysis

Quotes

CVS HEALTH CORP. rating 100.86 USD. The price registered an increase of +5.76% on the session with the lowest point at 97.72 USD and the highest point at 100.92 USD. The deviation from the price is +3.21% for the low point and -0.06% for the high point.

97.72
100.92
100.86

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CVS HEALTH CORP.:
Created with Raphaël 2.3.0-250255075100January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CVS HEALTH CORP. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 95.76 96.56 100.45 100.86 102.29 107.38 109.62
Change (%) -5.06% -4.26% -0.41% - +1.42% +6.46% +8.69%
Change -5.10 -4.30 -0.41 - +1.43 +6.52 +8.76
Level Minor Intermediate Intermediate - Minor Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard93.3994.2494.8195.6696.2397.0897.65
Camarilla94.9895.1195.2495.3795.5095.6395.76
Woodie93.2494.1794.6695.5996.0897.0197.50
Fibonacci94.2494.7995.1295.6696.2196.5497.08


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard92.3993.2794.4795.3596.5597.4398.63
Camarilla95.1195.3095.4995.6895.8796.0696.25
Woodie92.5693.3594.6495.4396.7297.5198.80
Fibonacci93.2794.0694.5595.3596.1496.6397.43


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard85.1387.5991.6494.1098.15100.61104.66
Camarilla93.8994.4995.0895.6896.2896.8797.47
Woodie85.9287.9992.4394.5098.94101.01105.45
Fibonacci87.5990.0891.6294.1096.5998.13100.61

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Buy17
Moving averages
Created with Raphaël 2.3.0Buy26

RSI (14): 74.36
MACD (12,26,9): 1.0900
Directional Movement: 25.35
AROON (14): 71.43
DEMA (21): 98.49
Parabolic SAR (0,02-0,02-0,2): 95.73
Elder Ray (13): 2.65
Super Trend (3,10): 97.68
Zig ZAG (10): 100.48
VORTEX (21): 1.1600
Stochastique (14,3,5): 95.19
TEMA (21): 99.30
Williams %R (14): -1.77
Chande Momentum Oscillator (20): 4.65
Repulse (5,40,3): 1.4200
ROCnROLL: 1
TRIX (15,9): 0.0800
Courbe Coppock: 5.45
MA7: 96.32
MA20: 94.80
MA50: 93.92
MA100: 97.59
MAexp7: 98.91
MAexp20: 97.30
MAexp50: 96.13
MAexp100: 95.23
Price / MA7: +4.71%
Price / MA20: +6.39%
Price / MA50: +7.39%
Price / MA100: +3.35%
Price / MAexp7: +1.97%
Price / MAexp20: +3.66%
Price / MAexp50: +4.92%
Price / MAexp100: +5.91%

Quotes : 08/03/2022 - 16:34 - 15 min delayed data - NYSE Stocks

News


Don't forget to follow the news on CVS HEALTH CORP.. At the time of publication of this analysis, the latest news was as follows:

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

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