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S&P 500 Overbought StocksArchive
- 6/18/2026 -
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CVS Caremark Corp. (CVS) Technical Analysis
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| | It was the negative week for the CVS Caremark Corp. (CVS). During the week, the CVS dropped -3.64 points, or -3.57%, and closed at 98.32 on Thursday, June 18, 2026. It was the worst weekly loss since March 20, 2026. Weekly volume was 27% above average.
 Long-term trend: [See CVS long-term trend chart]
A long-term uptrend had started on December 23, 2024 at 43.56 and reached 102.77 on June 12, 2026. CVS gained -59.21 points, or -135.93%, in 76 weeks. The price is now at the 7.52% retracement level.
 Medium-term trend: [See CVS medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 69.51 and reached 102.77 on June 12, 2026. CVS gained -33.26 points, or -47.85%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 94.62 and resistance is at 116.55. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 1, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 June 12, 2026 at 102.77 and reached 97.84 on June 18, 2026. CVS lost 4.93 points, or 4.80%, in 6 days. The price is now at the 9.74% retracement level.
 Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
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 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.
During the last week, the price 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.
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