The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 7
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 sectorStochastic signal line moved below overbought area
Daily :Lane's Stochastic is oversoldPrice has crossed below the 50 Day Moving AverageThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the CVS Caremark Corp. (CVS). During the week, the CVS dropped -7.06 points, or -9.23%, and closed at 69.39 on Friday, February 09, 2018. Weekly volume was 79% above average.

CVS is a member of Services Sector. Services is the 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 May 9, 2016 at 106.67 and reached 66.45 on November 6, 2017. CVS lost 40.22 points, or 37.71%, in 78 weeks. The price is now at the 7.31% retracement level.

Medium-term trend: [See CVS medium-term trend chart]
A medium-term uptrend had started on November 6, 2017 at 66.45 and reached 83.88 on January 29, 2018. CVS gained -17.43 points, or -26.23%, in 12 weeks. The price is now at the 83.13% retracement level.

Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since December 29, 2017. This is an indication that the medium-term trend is up. 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 January 29, 2018 at 83.88 and reached 67.31 on February 9, 2018. CVS lost 16.57 points, or 19.75%, in 11 days. The price is now at the 12.55% retracement level.

Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since January 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (21.67%) is close to one year high (19.25%). It is 142.15% 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 21.39
Williams' Percentage Range (W%R) 77.70
Lane's Stochastic (%D-Slow) 11.09
Oversold
Greed/Fear Indicator (GFI) 18.27
Oversold
Moving Average Converg./Diverg. (MACD) 0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.22
Williams' Percentage Range (W%R) 74.00
Lane's Stochastic (%D-Slow) 75.26
Greed/Fear Indicator (GFI) 49.87
Moving Average Converg./Diverg. (MACD) -0.92
Trading Signals
Description Value Chart
Upper Bollinger Band 83.73
Weekly Stochastic Crossing 79.00
20 Day Moving Average 78.11
Parabolic System 75.81
50 Day Moving Average 75.54
Price 69.39
Daily Stochastic Crossing 69.24
Lower Bollinger Band 68.69
Sector and Industry
Description Name Rank
Sector Services 9
Industry Drug Stores 70
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 83.88
High Date 01/29/2018
Low 67.31
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.88
High Date 01/29/2018
Low 67.31
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.45
Low Date 11/06/2017
High 83.88
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.67
High Date 05/09/2016
Low 66.45
Low Date 11/06/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.65
High Date 07/29/2015
Low 66.45
Low Date 11/06/2017
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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