CVS Caremark Corp.
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|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.