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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/23/2026 -
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CVS Caremark Corp. (CVS) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandPrice has crossed above the 50 Day Moving AverageThe Bollinger Bands are historically close together
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It was a first positive week for the CVS Caremark Corp. (CVS). During the week, the CVS gained 4.41 points, or 5.61%, and closed at 83.01 on Friday, January 23, 2026. It was the best weekly gain since October 17, 2025. CVS was trading at average weekly trading volume.

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 (25.09) 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 May 15, 2025 at 58.35 and reached 85.15 on October 29, 2025. CVS gained -26.80 points, or -45.93%, in 23 weeks. The price is now at the 7.99% retracement level.

Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is below its signal line since November 28, 2025. The distance between MACD and the signal line is low and getting smaller. 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 January 20, 2026 at 77.60 and reached 83.29 on January 23, 2026. CVS gained -5.69 points, or -7.33%, in 3 days. Price is near the trend high.

Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (5.16%) is close to one year low (5.03%). It is 58.97% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.65
Williams' Percentage Range (W%R) 16.90
Overbought
Lane's Stochastic (%D-Slow) 71.63
Greed/Fear Indicator (GFI) 71.81
Moving Average Converg./Diverg. (MACD) 0.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.88
Williams' Percentage Range (W%R) 18.10
Overbought
Lane's Stochastic (%D-Slow) 65.64
Greed/Fear Indicator (GFI) 66.00
Moving Average Converg./Diverg. (MACD) 3.37
Trading Signals
Description Value Chart
Price 83.01
Upper Bollinger Band 82.53
Daily Stochastic Crossing 82.51
Weekly Stochastic Crossing 80.85
20 Day Moving Average 80.38
50 Day Moving Average 79.08
Lower Bollinger Band 78.23
Parabolic System 78.06
Sector and Industry
Description Name Rank
Sector Health Care 7
Industry Health Care Services 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.60
Low Date 01/20/2026
High 83.29
High Date 01/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.14
Low Date 12/04/2025
High 83.29
High Date 01/23/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 58.35
Low Date 05/15/2025
High 85.15
High Date 10/29/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.56
Low Date 12/23/2024
High 85.15
High Date 10/29/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 44.77
Support 25.09
High 111.25
High Date 02/08/2022
Low 43.56
Low Date 12/23/2024
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.