The Greedy Trader Weekly Analysis
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Number of records: 7
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CVS Caremark Corp.
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Summary:
Weekly :Overbought sectorOverbought industryWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :The price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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It was the negative week for the CVS Caremark Corp. (CVS). During the week, the CVS gave back -0.05 points, or -0.06%, and closed at 78.67 on Friday, October 05, 2018. Weekly volume was -38% below average.

CVS is a member of Services Sector. Services is the second most overbought sector. CVS is a member of Drug Stores Industry. Drug Stores is the sixth most overbought industry. 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 Channel chart pattern. The trend support level is at 54.55 and resistance is at 86.24. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 80.56 on October 1, 2018. CVS gained -20.42 points, or -33.95%, in 26 weeks. The price is now at the 9.26% retracement level.

Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 18, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend 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 downtrend had started on October 1, 2018 at 80.56 and reached 78.44 on October 5, 2018. CVS lost 2.12 points, or 2.63%, in 4 days. The price is now at the 10.85% 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 September 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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 distance between the Bollinger Bands (6.1%) is close to one year low (5.57%). It is 53.73% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 53.75
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 62.46
Greed/Fear Indicator (GFI) 64.60
Moving Average Converg./Diverg. (MACD) 1.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.30
Williams' Percentage Range (W%R) 7.50
Strong Overbought
Lane's Stochastic (%D-Slow) 93.27
Strong Overbought
Greed/Fear Indicator (GFI) 82.71
Overbought
Moving Average Converg./Diverg. (MACD) 0.88
Trading Signals
Description Value Chart
Yearly Trendline Resistance 86.24
Upper Bollinger Band 80.34
Weekly Stochastic Crossing 79.63
Daily Stochastic Crossing 79.31
Price 78.67
20 Day Moving Average 78.31
Parabolic System 77.49
Lower Bollinger Band 75.54
50 Day Moving Average 74.00
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drug Stores 158
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 80.56
High Date 10/01/2018
Low 78.44
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.23
Low Date 08/02/2018
High 80.56
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.04
Low Date 06/28/2018
High 80.56
High Date 10/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.14
Low Date 03/27/2018
High 80.56
High Date 10/01/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 86.24
Support 54.55
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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