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Downtrend Broken Resist.Archive
- 4/24/2026 -
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CVS Caremark Corp. (CVS) Technical Analysis
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| Summary:
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| | It was a first positive week for the CVS Caremark Corp. (CVS). During the week, the CVS climbed 0.64 points, or 0.83%, and closed at 77.94 on Friday, April 24, 2026. Weekly volume was -9% below average.
CVS is a member of Health Care Sector. Health Care is the most oversold 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 February 8, 2022 at 111.25 and reached 43.56 on December 23, 2024. CVS lost 67.69 points, or 60.84%, in 149 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (20.70) 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 December 23, 2024 at 43.56 and reached 85.15 on October 29, 2025. CVS gained -41.59 points, or -95.48%, in 44 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (94.33) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 28, 2025. 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 January 26, 2026 at 84.00 and reached 69.51 on March 30, 2026. CVS lost 14.49 points, or 17.25%, in 63 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (78.27). 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 short-term trend.
 Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 1, 2026. The distance between MACD and the signal line is low and getting smaller.
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.
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