CVS HEALTH CORP. - 1H - Technical analysis published on 08/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 100.45 USD
My targets
105.47 USD (+3.16%)
107.38 USD (+5.03%)
My analysis
The basic bullish trend is very strong on CVS HEALTH CORP. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 100.45 USD. Crossing the first resistance at 105.47 USD would be a sign of a potential new surge in the price. 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. Caution, a return to below 100.45 USD would be a sign of a consolidation phase in the short-term basic trend. 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 not called into question, despite technical indicators being indecisive.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CVS HEALTH CORP. price is 102.24 USD. The price is lower by -0.02% since the last closing with the lowest point at 101.54 USD and the highest point at 102.75 USD. The deviation from the price is +0.69% for the low point and -0.50% for the high point.101.54
102.75
102.24
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CVS HEALTH CORP.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CVS HEALTH CORP. in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 94.62 | 95.74 | 100.45 | 102.24 | 102.29 | 105.47 | 107.38 |
| Change (%) | -7.45% | -6.36% | -1.75% | - | +0.05% | +3.16% | +5.03% |
| Change | -7.62 | -6.50 | -1.79 | - | +0.05 | +3.23 | +5.14 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.29 | 100.40 | 101.33 | 102.44 | 103.37 | 104.48 | 105.41 |
| Camarilla | 101.70 | 101.89 | 102.07 | 102.26 | 102.45 | 102.63 | 102.82 |
| Woodie | 99.20 | 100.36 | 101.24 | 102.40 | 103.28 | 104.44 | 105.32 |
| Fibonacci | 100.40 | 101.18 | 101.66 | 102.44 | 103.22 | 103.70 | 104.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.01 | 90.92 | 96.59 | 100.50 | 106.17 | 110.08 | 115.75 |
| Camarilla | 99.63 | 100.50 | 101.38 | 102.26 | 103.14 | 104.02 | 104.90 |
| Woodie | 87.89 | 91.36 | 97.47 | 100.94 | 107.05 | 110.52 | 116.63 |
| Fibonacci | 90.92 | 94.58 | 96.84 | 100.50 | 104.16 | 106.42 | 110.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.13 | 87.59 | 91.64 | 94.10 | 98.15 | 100.61 | 104.66 |
| Camarilla | 93.89 | 94.49 | 95.08 | 95.68 | 96.28 | 96.87 | 97.47 |
| Woodie | 85.92 | 87.99 | 92.43 | 94.50 | 98.94 | 101.01 | 105.45 |
| Fibonacci | 87.59 | 90.08 | 91.62 | 94.10 | 96.59 | 98.13 | 100.61 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.55 | |
| MACD (12,26,9): | 0.7200 | |
| Directional Movement: | 9.30 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 102.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.74 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 100.14 | |
| Zig ZAG (10): | 102.13 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 31.70 | |
| TEMA (21): | 102.51 | |
| Williams %R (14): | -69.12 | |
| Chande Momentum Oscillator (20): | -0.84 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 0.51 |
| MA7: | 99.24 | |
| MA20: | 96.11 | |
| MA50: | 94.31 | |
| MA100: | 97.54 | |
| MAexp7: | 102.15 | |
| MAexp20: | 101.77 | |
| MAexp50: | 99.90 | |
| MAexp100: | 97.90 | |
| Price / MA7: | +3.02% | |
| Price / MA20: | +6.38% | |
| Price / MA50: | +8.41% | |
| Price / MA100: | +4.82% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +2.34% | |
| Price / MAexp100: | +4.43% |
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:
- Aetna CVS Health to enter the Affordable Care Act (ACA) individual insurance exchange marketplace in select counties in California for January 1, 2023
- CVS HEALTH REPORTS STRONG SECOND QUARTER RESULTS, RAISES 2022 FULL-YEAR EPS AND CASH FLOW FROM OPERATIONS GUIDANCE
- Thinking about trading options or stock in Alphabet, Walmart, Tesla, CVS Health Corp, or Costco?
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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