The Greedy Trader Weekly Analysis
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CVS Caremark Corp.
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Summary:
Weekly :Oversold industryBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversoldTrend support at 62.09
Daily :
Move cursor over the icon to see details.

It was a third consecutive positive week for the CVS Caremark Corp. (CVS). During the week, the CVS climbed 0.05 points, or 0.08%, and closed at 63.43 on Friday, April 13, 2018. Weekly volume was -14% below average.

CVS is a member of Drug Stores Industry. Drug Stores is the sixth 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 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 price is near the trend support (62.09) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See CVS medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 83.88 and reached 60.14 on March 27, 2018. CVS lost 23.74 points, or 28.30%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (53.70) is broken. A broken support is considered to be a long-term bullish signal. 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 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 February 16, 2018. 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 March 27, 2018 at 60.14 and reached 65.16 on April 5, 2018. CVS gained -5.02 points, or -8.35%, in 9 days. The price is now at the 34.46% retracement level.

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

The daily MACD line is above its signal line since April 2, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.48
Williams' Percentage Range (W%R) 35.20
Lane's Stochastic (%D-Slow) 65.19
Greed/Fear Indicator (GFI) 63.16
Moving Average Converg./Diverg. (MACD) -1.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.09
Williams' Percentage Range (W%R) 82.80
Oversold
Lane's Stochastic (%D-Slow) 10.28
Oversold
Greed/Fear Indicator (GFI) 21.05
Moving Average Converg./Diverg. (MACD) -2.27
Trading Signals
Description Value Chart
50 Day Moving Average 67.06
Upper Bollinger Band 66.56
Daily Stochastic Crossing 64.12
Price 63.43
20 Day Moving Average 62.91
Parabolic System 62.68
Yearly Trendline Support 62.09
Weekly Stochastic Crossing 61.43
Lower Bollinger Band 61.43
Monthly Trendline Resistance 59.16
Monthly Trendline Support 53.70
Sector and Industry
Description Name Rank
Sector Services 5
Industry Drug Stores 6
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 60.45
Low Date 04/02/2018
High 65.16
High Date 04/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.14
Low Date 03/27/2018
High 65.16
High Date 04/05/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 59.16
Support 53.70
High 83.88
High Date 01/29/2018
Low 60.14
Low Date 03/27/2018
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 Test Support
Resistance 81.83
Support 62.09
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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