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Downtrend Broken Resist.Archive
- 6/6/2025 -
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CVS Caremark Corp. (CVS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the CVS Caremark Corp. (CVS). During the week, the CVS gave back -0.46 points, or -0.72%, and closed at 63.58 on Friday, June 6, 2025. Weekly volume was -47% below average.
 Long-term trend: [See CVS long-term trend chart]
A long-term downtrend had started on February 8, 2022 at 111.25 and reached 43.56 on December 23, 2024. CVS lost 67.69 points, or 60.84%, in 149 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (35.39) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See CVS medium-term trend chart]
A medium-term downtrend had started on May 1, 2025 at 72.51 and reached 58.35 on May 15, 2025. CVS lost 14.16 points, or 19.53%, in 2 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 May 16, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See CVS short-term trend chart]
A short-term uptrend had started on May 15, 2025 at 58.35 and reached 64.57 on May 30, 2025. CVS gained -6.22 points, or -10.66%, in 15 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 62.77 and resistance is at 64.91. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 29, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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.
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