CVS HEALTH CORP. - 15 min. - Technical analysis published on 09/15/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 101.83 USD
My targets
100.24 USD (-0.80%)
99.42 USD (-1.61%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CVS HEALTH CORP.. As long as you are under the resistance located at 101.83 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 100.24 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 99.42 USD as an objective. Crossing it would then enable sellers to target 98.65 USD. If the resistance 101.83 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.3
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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 and was traded between 100.20 USD and 101.79 USD over the period. The price is currently at +0.85% from its lowest and -0.73% from its highest.100.20
101.79
101.05
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 15 min. of this CVS HEALTH CORP. chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 97.76 | 98.91 | 99.67 | 101.05 | 101.53 | 103.57 | 104.60 |
| Change (%) | -3.26% | -2.12% | -1.37% | - | +0.48% | +2.49% | +3.51% |
| Change | -3.29 | -2.14 | -1.38 | - | +0.48 | +2.52 | +3.55 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Minor |
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 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): | 50.69 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -0.43 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 100.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 101.54 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 100.28 | |
| Zig ZAG (10): | 101.05 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 45.54 | |
| TEMA (21): | 100.72 | |
| Williams %R (14): | -24.11 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | 0.7300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.88 |
| MA7: | 101.19 | |
| MA20: | 101.23 | |
| MA50: | 99.03 | |
| MA100: | 97.11 | |
| MAexp7: | 100.78 | |
| MAexp20: | 100.93 | |
| MAexp50: | 101.28 | |
| MAexp100: | 101.46 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +4.06% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.40% |
Quotes :
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15 min delayed data
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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:
- 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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