CVS HEALTH CORP.
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. - Daily - Technical analysis published on 06/26/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 57.35 USD
My targets
52.18 USD (-2.83%)
44.12 USD (-17.84%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CVS HEALTH CORP. as long as the price remains well below 57.35 USD. The next bearish objective for sellers is set at 52.18 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 44.12 USD. If there is any crossing, the next objective would be the support located at 24.09 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The CVS HEALTH CORP. rating is 53.70 USD. The price has increased by +0.04% since the last closing and was between 53.28 USD and 53.88 USD. This implies that the price is at +0.79% from its lowest and at -0.33% from its highest.

53.28
53.88
53.70

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of CVS HEALTH CORP. indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : Daily



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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24.09 44.12 52.18 53.70 57.35 60.60 63.02
Change (%) -55.14% -17.84% -2.83% - +6.80% +12.85% +17.36%
Change -29.61 -9.58 -1.52 - +3.65 +6.90 +9.32
Level Intermediate Major Major - Minor Intermediate Minor



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
Standard52.2252.5553.1253.4554.0254.3554.92
Camarilla53.4353.5153.6053.6853.7653.8553.93
Woodie52.3352.6153.2353.5154.1354.4155.03
Fibonacci52.5552.9053.1153.4553.8054.0154.35


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard50.6451.9452.7954.0954.9456.2457.09
Camarilla53.0653.2653.4553.6553.8554.0454.24
Woodie50.4251.8352.5853.9854.7256.1356.88
Fibonacci51.9452.7653.2754.0954.9155.4256.24

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): 48.44
MACD (12,26,9): -0.0100
Directional Movement: -5.03
AROON (14): -71.42
DEMA (21): 53.88
Parabolic SAR (0,02-0,02-0,2): 52.76
Elder Ray (13): -0.30
Super Trend (3,10): 55.49
Zig ZAG (10): 53.69
VORTEX (21): 0.9700
Stochastique (14,3,5): 26.96
TEMA (21): 53.98
Williams %R (14): -65.02
Chande Momentum Oscillator (20): -1.31
Repulse (5,40,3): 0.3100
ROCnROLL: 2
TRIX (15,9): 0.0200
Courbe Coppock: 0.95
MA7: 53.94
MA20: 53.89
MA50: 53.88
MA100: 55.76
MAexp7: 53.80
MAexp20: 53.88
MAexp50: 54.30
MAexp100: 56.55
Price / MA7: -0.44%
Price / MA20: -0.35%
Price / MA50: -0.33%
Price / MA100: -3.69%
Price / MAexp7: -0.19%
Price / MAexp20: -0.33%
Price / MAexp50: -1.10%
Price / MAexp100: -5.04%

This member declared not having a position on this financial instrument or a related financial instrument.

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