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 09/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 57.13 USD

My targets

61.05 USD (+2.57%)

62.10 USD (+4.33%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CVS HEALTH CORP. as long as the price remains well above 57.13 USD. The buyers' bullish objective is set at 61.05 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 62.10 USD. If there is any crossing, the next objective would be the resistance located at 63.11 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.7

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CVS HEALTH CORP. rating is 59.52 USD. The price registered an increase of +3.73% on the session with the lowest point at 57.26 USD and the highest point at 59.75 USD. The deviation from the price is +3.95% for the low point and -0.38% for the high point.

57.26

59.75

59.52

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.:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CVS HEALTH CORP. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

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:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	55.87	57.13	59.23	59.52	61.05	62.10	63.11
Change (%)	-6.13%	-4.02%	-0.49%	-	+2.57%	+4.33%	+6.03%
Change	-3.65	-2.39	-0.29	-	+1.53	+2.58	+3.59
Level	Major	Intermediate	Major	-	Intermediate	Minor	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	55.44	56.27	56.83	57.66	58.22	59.05	59.61
Camarilla	57.00	57.13	57.25	57.38	57.51	57.64	57.76
Woodie	55.30	56.20	56.69	57.59	58.08	58.98	59.47
Fibonacci	56.27	56.80	57.13	57.66	58.19	58.52	59.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.61	54.55	55.90	57.84	59.19	61.13	62.48
Camarilla	56.34	56.64	56.94	57.24	57.54	57.84	58.15
Woodie	52.31	54.40	55.60	57.69	58.89	60.98	62.18
Fibonacci	54.55	55.81	56.59	57.84	59.10	59.88	61.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.76	52.18	54.71	58.13	60.66	64.08	66.61
Camarilla	55.60	56.15	56.70	57.24	57.79	58.33	58.88
Woodie	48.32	51.96	54.27	57.91	60.22	63.86	66.17
Fibonacci	52.18	54.45	55.86	58.13	60.40	61.81	64.08

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):	59.20
MACD (12,26,9):	0.0700
Directional Movement:	13.85
AROON (14):	57.14
DEMA (21):	57.59
Parabolic SAR (0,02-0,02-0,2):	58.48
Elder Ray (13):	0.13
Super Trend (3,10):	56.97
Zig ZAG (10):	58.27
VORTEX (21):	1.0900
Stochastique (14,3,5):	52.53
TEMA (21):	57.85
Williams %R (14):	-5.76
Chande Momentum Oscillator (20):	1.43
Repulse (5,40,3):	1.9000
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	2.70

MA7:	57.66
MA20:	57.53
MA50:	58.21
MA100:	59.10
MAexp7:	57.83
MAexp20:	57.54
MAexp50:	57.64
MAexp100:	57.79
Price / MA7:	+3.23%
Price / MA20:	+3.46%
Price / MA50:	+2.25%
Price / MA100:	+0.71%
Price / MAexp7:	+2.92%
Price / MAexp20:	+3.44%
Price / MAexp50:	+3.26%
Price / MAexp100:	+2.99%

Quotes : - 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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