CVS HEALTH CORP. - Daily - Technical analysis published on 09/15/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 94.62 USD
My targets
105.47 USD (+4.37%)
107.38 USD (+6.26%)
My analysis
A bullish trend on CVS HEALTH CORP. both in substance and in the short term. A purchase could be considered as long as the price remains above 94.62 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 105.47 USD. Then the price could move towards 107.38 USD. Then 109.62 USD by extension. Be careful, a return below 94.62 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CVS HEALTH CORP. price is 101.05 USD. The price has increased by +0.60% since the last closing with the lowest point at 100.20 USD and the highest point at 101.79 USD. The deviation from the price is +0.85% for the low point and -0.73% for the high point.100.20
101.79
101.05
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
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
A technical analysis in Daily of this CVS HEALTH CORP. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 92.60 | 94.62 | 99.67 | 101.05 | 105.47 | 107.38 | 109.62 |
| Change (%) | -8.36% | -6.36% | -1.37% | - | +4.37% | +6.26% | +8.48% |
| Change | -8.45 | -6.43 | -1.38 | - | +4.42 | +6.33 | +8.57 |
| Level | Minor | Major | Major | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.65 | 99.42 | 100.24 | 101.01 | 101.83 | 102.60 | 103.42 |
| Camarilla | 100.61 | 100.76 | 100.90 | 101.05 | 101.20 | 101.34 | 101.49 |
| Woodie | 98.67 | 99.43 | 100.26 | 101.02 | 101.85 | 102.61 | 103.44 |
| Fibonacci | 99.42 | 100.03 | 100.41 | 101.01 | 101.62 | 102.00 | 102.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 93.93 | 95.86 | 99.00 | 100.93 | 104.07 | 106.00 | 109.14 |
| Camarilla | 100.76 | 101.22 | 101.69 | 102.15 | 102.62 | 103.08 | 103.54 |
| Woodie | 94.55 | 96.16 | 99.62 | 101.23 | 104.69 | 106.30 | 109.76 |
| Fibonacci | 95.86 | 97.79 | 98.99 | 100.93 | 102.86 | 104.06 | 106.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.47 | 87.65 | 92.90 | 100.08 | 105.33 | 112.51 | 117.76 |
| Camarilla | 94.73 | 95.87 | 97.01 | 98.15 | 99.29 | 100.43 | 101.57 |
| Woodie | 79.51 | 87.17 | 91.94 | 99.60 | 104.37 | 112.03 | 116.80 |
| Fibonacci | 87.65 | 92.40 | 95.33 | 100.08 | 104.83 | 107.76 | 112.51 |
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): | 51.25 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | -0.58 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 101.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 98.69 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 104.66 | |
| Zig ZAG (10): | 101.05 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 64.44 | |
| TEMA (21): | 100.90 | |
| Williams %R (14): | -43.49 | |
| Chande Momentum Oscillator (20): | 0.99 | |
| Repulse (5,40,3): | -0.8000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 2.50 |
| MA7: | 101.19 | |
| MA20: | 101.23 | |
| MA50: | 99.03 | |
| MA100: | 97.11 | |
| MAexp7: | 101.16 | |
| MAexp20: | 100.97 | |
| MAexp50: | 99.64 | |
| MAexp100: | 98.55 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +4.06% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +1.42% | |
| Price / MAexp100: | +2.54% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The last news published on CVS HEALTH CORP. at the time of the generation of this analysis was as follows:
- CVS Health completes rollout of time delay safes in three southern states
- CVS Health Appoints Dr. Jeffrey Balser to Board of Directors
- Aetna CVS Health™ Individual and Family Plans offer better care, access and value to North Carolinians
- Aetna CVS Health™ Individual and Family Plans offer better care, access and value to Nevadans
- Aetna CVS Health™ expands reach of Individual and Family Plan offerings, delivering better care, access and value to Missourians
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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