CVS HEALTH CORP. - Daily - Technical analysis published on 02/01/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 70.84 USD
My targets
75.79 USD (+1.92%)
78.28 USD (+5.27%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 70.84 USD remains possible. It is advisable to trade CVS HEALTH CORP. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 70.84 USD. The next bullish objective for buyers is set at 75.79 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 78.28 USD. If there is any crossing, the next objective would be the resistance located at 80.68 USD. PS: if there is a bearish break in the support located at 70.84 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
1.8
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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 74.36 USD. The price is lower by -0.01% since the last closing with the lowest point at 73.46 USD and the highest point at 74.51 USD. The deviation from the price is +1.23% for the low point and -0.20% for the high point.73.46
74.51
74.36
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CVS HEALTH CORP. in Daily shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 68.43 | 70.84 | 74.19 | 74.36 | 75.79 | 78.28 | 80.68 |
| Change (%) | -7.97% | -4.73% | -0.23% | - | +1.92% | +5.27% | +8.50% |
| Change | -5.93 | -3.52 | -0.17 | - | +1.43 | +3.92 | +6.32 |
| Level | Minor | Major | Intermediate | - | Major | 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 | 72.64 | 73.24 | 73.80 | 74.40 | 74.96 | 75.56 | 76.12 |
| Camarilla | 74.05 | 74.16 | 74.26 | 74.37 | 74.48 | 74.58 | 74.69 |
| Woodie | 72.63 | 73.23 | 73.79 | 74.39 | 74.95 | 75.55 | 76.11 |
| Fibonacci | 73.24 | 73.68 | 73.95 | 74.40 | 74.84 | 75.11 | 75.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.52 | 66.85 | 69.93 | 73.26 | 76.34 | 79.67 | 82.75 |
| Camarilla | 71.24 | 71.83 | 72.41 | 73.00 | 73.59 | 74.18 | 74.76 |
| Woodie | 63.39 | 66.79 | 69.80 | 73.20 | 76.21 | 79.61 | 82.62 |
| Fibonacci | 66.85 | 69.30 | 70.82 | 73.26 | 75.71 | 77.23 | 79.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.56 | 63.38 | 68.87 | 75.69 | 81.18 | 88.00 | 93.49 |
| Camarilla | 70.99 | 72.11 | 73.24 | 74.37 | 75.50 | 76.63 | 77.76 |
| Woodie | 55.91 | 63.05 | 68.22 | 75.36 | 80.53 | 87.67 | 92.84 |
| Fibonacci | 63.38 | 68.08 | 70.98 | 75.69 | 80.39 | 83.29 | 88.00 |
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): | 46.28 | |
| MACD (12,26,9): | -0.5300 | |
| Directional Movement: | -7.16 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 74.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.95 | |
| Elder Ray (13): | -0.50 | |
| Super Trend (3,10): | 77.30 | |
| Zig ZAG (10): | 74.13 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 47.23 | |
| TEMA (21): | 73.10 | |
| Williams %R (14): | -46.50 | |
| Chande Momentum Oscillator (20): | -2.59 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 12.17 |
| MA7: | 73.58 | |
| MA20: | 75.80 | |
| MA50: | 74.18 | |
| MA100: | 71.71 | |
| MAexp7: | 73.99 | |
| MAexp20: | 74.86 | |
| MAexp50: | 74.18 | |
| MAexp100: | 72.92 | |
| Price / MA7: | +1.06% | |
| Price / MA20: | -1.90% | |
| Price / MA50: | +0.24% | |
| Price / MA100: | +3.70% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | -0.67% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +1.97% |
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 adds two new renewable energy projects with Constellation
- New report from CVS Health® highlights opportunities for the future of community pharmacy
- CVS Health to Hold Fourth Quarter and Full Year 2023 Earnings Conference Call
- CVS Health announces leadership appointments
- CVS Pharmacy® announces new simplified loyalty experience
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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