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Advanced TA SearchArchive - 5/10/2024 - Sign In to see current Signals. |
CVS Caremark Corp. (CVS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the CVS Caremark Corp. (CVS). During the week, the CVS gave back -0.08 points, or -0.14%, and closed at 55.82 on Friday, May 10, 2024. Weekly volume was 43% above average. Long-term trend: [See CVS long-term trend chart] A long-term downtrend had started on February 8, 2022 at 111.25 and reached 53.70 on May 2, 2024. CVS lost 57.55 points, or 51.73%, in 116 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (54.72) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend. Medium-term trend: [See CVS medium-term trend chart] A medium-term downtrend had started on March 28, 2024 at 80.75 and reached 53.70 on May 2, 2024. CVS lost 27.05 points, or 33.50%, in 5 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (61.80) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend. Weekly Technical Indicators: [See CVS weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help. Short-term trend: [See CVS short-term trend chart] A short-term uptrend had started on May 2, 2024 at 53.70 and reached 57.09 on May 7, 2024. CVS gained -3.39 points, or -6.31%, in 5 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See CVS daily technical indicators chart] Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Relative Strength Index help. The daily MACD line is below its signal line since April 1, 2024. The distance between the Bollinger Bands (45.07%) is close to one year high (36.99%). It is 284.18% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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