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Archive
- 10/23/2026 -
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CVS Caremark Corp. (CVS) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second consecutive positive week for the CVS Caremark Corp. (CVS). During the week, the CVS gained 1.11 points, or 1.20%, and closed at 93.47 on Friday, October 23, 2026. Weekly volume was -23% below average.
CVS is a member of Health Care Sector. Health Care is the 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 22, 2026 at 110.68 and reached 84.23 on October 1, 2026. CVS lost 26.45 points, or 23.90%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (79.59) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CVS may retest the broken resistance line. It is considered to be a support line now. 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 long-term trend.
 Medium-term trend: [See CVS medium-term trend chart]
A medium-term uptrend had started on October 1, 2026 at 84.23 and reached 95.26 on October 21, 2026. CVS gained -11.03 points, or -13.10%, in 2 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 88.42 and resistance is at 96.33. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since August 7, 2026. 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 21, 2026 at 95.26 and reached 92.49 on October 22, 2026. CVS lost 2.77 points, or 2.91%, in 1 days. The price is now at the 35.38% retracement level.
 Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 5, 2026.
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