The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 6
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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 :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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 -6.11 points, or -7.62%, and closed at 74.09 on Friday, December 07, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was 66% above average.

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 Channel chart pattern. The trend support level is at 53.08 and resistance is at 84.78. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 82.15 on November 14, 2018. CVS gained -22.01 points, or -36.60%, in 33 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 70.85 and resistance is at 85.69. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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 and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 November 28, 2018 at 81.65 and reached 73.68 on December 7, 2018. CVS lost 7.97 points, or 9.76%, in 9 days. The price is now at the 5.14% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish 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 declined below the moving average in the center of the Bollinger Bands. 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. Such crossover is considered a bearish 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) 32.59
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 50.64
Greed/Fear Indicator (GFI) 37.66
Moving Average Converg./Diverg. (MACD) 0.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.57
Williams' Percentage Range (W%R) 31.40
Lane's Stochastic (%D-Slow) 69.09
Greed/Fear Indicator (GFI) 61.63
Moving Average Converg./Diverg. (MACD) 1.89
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 85.69
Yearly Trendline Resistance 84.78
Upper Bollinger Band 81.68
Parabolic System 81.41
Monthly Trendline Resistance 81.32
Weekly Stochastic Crossing 78.71
20 Day Moving Average 78.57
Daily Stochastic Crossing 77.13
Monthly Trendline Support 76.77
50 Day Moving Average 76.61
Price 74.09
Lower Bollinger Band 73.54
Quarterly Trendline Support 70.85
Sector and Industry
Description Name Rank
Sector Services 6
Industry Drug Stores 142
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 81.65
High Date 11/28/2018
Low 73.68
Low Date 12/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.15
High Date 11/14/2018
Low 73.68
Low Date 12/07/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 81.32
Support 76.77
Low 69.48
Low Date 10/29/2018
High 82.15
High Date 11/14/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 85.69
Support 70.85
Low 60.14
Low Date 03/27/2018
High 82.15
High Date 11/14/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 84.78
Support 53.08
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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