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Downtrend Broken Resist.Archive
- 10/16/2026 -
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CVS Caremark Corp. (CVS) Technical Analysis
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| Summary:
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| | It was a first positive week for the CVS Caremark Corp. (CVS). During the week, the CVS gained 6.20 points, or 7.20%, and closed at 92.36 on Friday, October 16, 2026. It was the best weekly gain since May 8, 2026. Weekly volume was 31% above average.
CVS is a member of Health Care Sector. Health Care 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 uptrend had started on December 23, 2024 at 43.56 and reached 110.68 on July 22, 2026. CVS gained -67.12 points, or -154.09%, in 82 weeks. The price is now at the 27.29% retracement level.
 Medium-term trend: [See CVS medium-term trend chart]
A medium-term downtrend had started on July 22, 2026 at 110.68 and reached 84.23 on October 1, 2026. CVS lost 26.45 points, or 23.90%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (81.04) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CVS may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 below its signal line since August 7, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 October 9, 2026 at 85.80 and reached 93.35 on October 16, 2026. CVS gained -7.55 points, or -8.80%, in 7 days. The price is now at the 13.11% retracement level.
 Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up.
During the last week, the price has moved above 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.
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