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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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- 3/13/2026 -
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CVS Caremark Corp. (CVS) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic is oversold
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It was the negative week for the CVS Caremark Corp. (CVS). During the week, the CVS dropped -1.79 points, or -2.30%, and closed at 76.13 on Friday, March 13, 2026. Weekly volume was -26% below average.

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 (22.72) 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 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 (89.91) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CVS may retest the broken support line. It is considered to be a resistance 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 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 uptrend had started on January 27, 2026 at 70.69 and reached 81.69 on March 3, 2026. CVS gained -11.00 points, or -15.56%, in 35 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.51
Williams' Percentage Range (W%R) 55.30
Lane's Stochastic (%D-Slow) 16.66
Oversold
Greed/Fear Indicator (GFI) 36.29
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.71
Williams' Percentage Range (W%R) 57.50
Lane's Stochastic (%D-Slow) 52.01
Greed/Fear Indicator (GFI) 47.30
Moving Average Converg./Diverg. (MACD) 2.22
Trading Signals
Description Value Chart
Quarterly Trendline Support 89.91
Monthly Trendline Resistance 83.36
Upper Bollinger Band 81.20
Parabolic System 80.49
50 Day Moving Average 78.24
20 Day Moving Average 77.78
Weekly Stochastic Crossing 77.78
Price 76.13
Daily Stochastic Crossing 75.82
Lower Bollinger Band 73.93
Monthly Trendline Support 67.54
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Services 75
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 70.69
Low Date 01/27/2026
High 81.69
High Date 03/03/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.00
High Date 01/26/2026
Low 70.69
Low Date 01/27/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 83.36
Support 67.54
High 85.15
High Date 10/29/2025
Low 70.69
Low Date 01/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 94.45
Support 89.91
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 42.40
Support 22.72
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.