The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 6
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
CVS Caremark Corp.
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Summary:
Weekly :Overbought sector
Daily :The price has fallen below the Parabolic SARDaily  MACD line has moved above its signal line20 Day Moving Average has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the CVS Caremark Corp. (CVS). During the week, the CVS gained 1.96 points, or 3.06%, and closed at 66.03 on Friday, June 08, 2018. It was the best weekly gain since April 27, 2018. CVS was trading at average weekly trading volume.

CVS is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CVS long-term trend chart]
A long-term downtrend had started on July 29, 2015 at 113.65 and reached 60.14 on March 27, 2018. CVS lost 53.51 points, or 47.08%, in 138 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 61.03 and resistance is at 79.95. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See CVS medium-term trend chart]
A medium-term uptrend had started on March 27, 2018 at 60.14 and reached 71.08 on April 27, 2018. CVS gained -10.94 points, or -18.19%, in 4 weeks. The price is now at the 46.16% retracement level.

Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 18, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See CVS short-term trend chart]
A short-term downtrend had started on May 14, 2018 at 67.07 and reached 62.66 on June 5, 2018. CVS lost 4.41 points, or 6.58%, in 22 days. The chart has formed a Ascending Triangle chart pattern.

Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.57% on Friday. It is 51.94% lower than one year average. It indicates the period of low volatility of the stock price. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.86
Williams' Percentage Range (W%R) 29.20
Lane's Stochastic (%D-Slow) 52.51
Greed/Fear Indicator (GFI) 59.40
Moving Average Converg./Diverg. (MACD) -0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.83
Williams' Percentage Range (W%R) 78.40
Lane's Stochastic (%D-Slow) 39.66
Greed/Fear Indicator (GFI) 36.81
Moving Average Converg./Diverg. (MACD) -2.73
Trading Signals
Description Value Chart
Parabolic System 66.87
Upper Bollinger Band 66.75
Price 66.03
Weekly Stochastic Crossing 65.24
20 Day Moving Average 65.18
50 Day Moving Average 64.88
Daily Stochastic Crossing 64.70
Lower Bollinger Band 63.09
Yearly Trendline Support 61.03
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drug Stores 28
Daily Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
High 67.07
High Date 05/14/2018
Low 62.66
Low Date 06/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.14
Low Date 03/27/2018
High 71.08
High Date 04/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.88
High Date 01/29/2018
Low 60.14
Low Date 03/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.67
High Date 05/09/2016
Low 60.14
Low Date 03/27/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 79.95
Support 61.03
High 113.65
High Date 07/29/2015
Low 60.14
Low Date 03/27/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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