The Greedy Trader Weekly Analysis
Sign In May 25, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
CVS Caremark Corp.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sector
Daily :Lane's Stochastic is overboughtPrice has crossed above the 50 Day Moving AverageStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the CVS Caremark Corp. (CVS). During the week, the CVS climbed 0.51 points, or 0.79%, and closed at 64.92 on Friday, May 18, 2018. CVS was trading at average weekly trading volume.

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 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 61.41 and resistance is at 80.63. 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 downtrend had started on January 29, 2018 at 83.88 and reached 60.14 on March 27, 2018. CVS lost 23.74 points, or 28.30%, in 8 weeks. The price is now at the 20.13% retracement level.

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

The weekly MACD line is below its signal line since February 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 April 27, 2018 at 71.08 and reached 60.32 on May 8, 2018. CVS lost 10.76 points, or 15.14%, in 11 days. The price is now at the 42.75% retracement level.

Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 link to access Lane's Stochastic help.

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price is close to 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 advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 37.33
Williams' Percentage Range (W%R) 47.40
Lane's Stochastic (%D-Slow) 81.42
Overbought
Greed/Fear Indicator (GFI) 57.12
Moving Average Converg./Diverg. (MACD) -0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.60
Williams' Percentage Range (W%R) 75.40
Lane's Stochastic (%D-Slow) 48.60
Greed/Fear Indicator (GFI) 40.17
Moving Average Converg./Diverg. (MACD) -2.77
Trading Signals
Description Value Chart
Upper Bollinger Band 70.37
Daily Stochastic Crossing 65.73
Weekly Stochastic Crossing 65.42
20 Day Moving Average 65.39
Price 64.92
50 Day Moving Average 64.72
Yearly Trendline Support 61.41
Parabolic System 60.79
Lower Bollinger Band 59.56
Sector and Industry
Description Name Rank
Sector Services 9
Industry Drug Stores 47
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 71.08
High Date 04/27/2018
Low 60.32
Low Date 05/08/2018
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 80.63
Support 61.41
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.

Copyright© 2004-2016 All rights reserved.