The Greedy Trader Weekly Analysis
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CVS Caremark Corp.
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Summary:
Weekly :Oversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldTrend resistance at 71.08
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week for the CVS Caremark Corp. (CVS). During the week, the CVS gained 1.74 points, or 2.51%, and closed at 70.99 on Friday, November 10, 2017. Weekly volume was 56% above average.

CVS is a member of Drug Stores Industry. Drug Stores is the seventh most oversold 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 May 9, 2016 at 106.67 and reached 66.45 on November 6, 2017. CVS lost 40.22 points, or 37.71%, in 78 weeks. The price is now at the 11.29% retracement level.

Medium-term trend: [See CVS medium-term trend chart]
A medium-term downtrend had started on September 19, 2017 at 84.00 and reached 66.45 on November 6, 2017. CVS lost 17.55 points, or 20.89%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (71.08). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since October 6, 2017. This is an indication that the medium-term trend is down. 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 November 6, 2017 at 66.45 and reached 71.51 on November 10, 2017. CVS gained -5.06 points, or -7.61%, in 4 days. The price is now at the 10.28% 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 above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.98
Williams' Percentage Range (W%R) 68.70
Lane's Stochastic (%D-Slow) 44.38
Greed/Fear Indicator (GFI) 36.55
Moving Average Converg./Diverg. (MACD) -2.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.42
Williams' Percentage Range (W%R) 81.90
Oversold
Lane's Stochastic (%D-Slow) 13.13
Oversold
Greed/Fear Indicator (GFI) 24.55
Moving Average Converg./Diverg. (MACD) -1.01
Trading Signals
Description Value Chart
Upper Bollinger Band 77.58
50 Day Moving Average 76.39
20 Day Moving Average 71.47
Weekly Trendline Resistance 71.08
Price 70.99
Daily Stochastic Crossing 69.21
Weekly Stochastic Crossing 69.07
Weekly Trendline Support 66.94
Parabolic System 66.38
Lower Bollinger Band 65.43
Sector and Industry
Description Name Rank
Sector Services 4
Industry Drug Stores 7
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.45
Low Date 11/06/2017
High 71.51
High Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 71.08
Support 66.94
High 84.00
High Date 09/19/2017
Low 66.45
Low Date 11/06/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.72
High Date 01/18/2017
Low 66.45
Low Date 11/06/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.67
High Date 05/09/2016
Low 66.45
Low Date 11/06/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.65
High Date 07/29/2015
Low 66.45
Low Date 11/06/2017
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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