The Greedy Trader Weekly Analysis
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CVS Caremark Corp.
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Summary:
Weekly :Overbought sector
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the CVS Caremark Corp. (CVS). During the week, the CVS gained 2.15 points, or 3.23%, and closed at 68.63 on Friday, July 13, 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 57.05 and resistance is at 78.80. 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 72.92 on June 21, 2018. CVS gained -12.78 points, or -21.25%, in 12 weeks. The price is now at the 33.57% 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. 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 21, 2018 at 72.92 and reached 63.04 on June 28, 2018. CVS lost 9.88 points, or 13.55%, in 7 days. The price is now at the 56.58% retracement level.

Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 27, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.77
Williams' Percentage Range (W%R) 49.90
Lane's Stochastic (%D-Slow) 67.26
Greed/Fear Indicator (GFI) 52.04
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.81
Williams' Percentage Range (W%R) 38.60
Lane's Stochastic (%D-Slow) 65.29
Greed/Fear Indicator (GFI) 59.41
Moving Average Converg./Diverg. (MACD) -1.99
Trading Signals
Description Value Chart
Yearly Trendline Resistance 78.80
Upper Bollinger Band 72.36
Weekly Stochastic Crossing 69.35
Price 68.63
Daily Stochastic Crossing 68.57
20 Day Moving Average 68.30
50 Day Moving Average 66.24
Parabolic System 63.12
Lower Bollinger Band 62.57
Yearly Trendline Support 57.05
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drug Stores 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.04
Low Date 06/28/2018
High 70.34
High Date 07/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.92
High Date 06/21/2018
Low 63.04
Low Date 06/28/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.14
Low Date 03/27/2018
High 72.92
High Date 06/21/2018
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 78.80
Support 57.05
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.

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