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 sectorBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
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It was a second consecutive positive week for the CVS Caremark Corp. (CVS). During the week, the CVS climbed 0.33 points, or 0.42%, and closed at 78.78 on Friday, January 12, 2018. Weekly volume was 19% above average.

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 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 30.66% retracement level.

Medium-term trend: [See CVS medium-term trend chart]
A medium-term uptrend had started on November 6, 2017 at 66.45 and reached 79.68 on January 12, 2018. CVS gained -13.23 points, or -19.91%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (73.69) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since December 29, 2017. 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 uptrend had started on December 29, 2017 at 72.44 and reached 79.68 on January 12, 2018. CVS gained -7.24 points, or -9.99%, in 14 days. The price is now at the 12.43% retracement level.

Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 daily MACD line is above its signal line since December 14, 2017. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.32
Williams' Percentage Range (W%R) 8.20
Strong Overbought
Lane's Stochastic (%D-Slow) 86.38
Overbought
Greed/Fear Indicator (GFI) 81.49
Overbought
Moving Average Converg./Diverg. (MACD) 1.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.88
Williams' Percentage Range (W%R) 28.90
Lane's Stochastic (%D-Slow) 64.92
Greed/Fear Indicator (GFI) 63.66
Moving Average Converg./Diverg. (MACD) -1.79
Trading Signals
Description Value Chart
Upper Bollinger Band 80.32
Daily Stochastic Crossing 78.82
Price 78.78
Weekly Stochastic Crossing 76.51
Parabolic System 75.92
20 Day Moving Average 74.62
Weekly Trendline Resistance 74.08
Weekly Trendline Support 73.69
50 Day Moving Average 72.51
Lower Bollinger Band 70.24
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drug Stores 52
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 72.44
Low Date 12/29/2017
High 79.68
High Date 01/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 74.08
Support 73.69
Low 66.45
Low Date 11/06/2017
High 79.68
High Date 01/12/2018
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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