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S&P 500 Overbought StocksArchive
- 3/21/2025 -
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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 gained 1.37 points, or 2.09%, and closed at 67.05 on Friday, March 21, 2025. Weekly volume was -12% 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 (39.45) 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 downtrend had started on January 8, 2024 at 83.25 and reached 43.56 on December 23, 2024. CVS lost 39.69 points, or 47.68%, in 50 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (38.73) 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 medium-term trend.
 Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 24, 2025. The distance between MACD and the signal line is relatively high and getting bigger. 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 March 20, 2025 at 68.87 and reached 67.05 on March 21, 2025. CVS lost 1.82 points, or 2.64%, in 1 days. Price is near the trend low.
 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.
The daily MACD line is below its signal line since February 28, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
The distance between the Bollinger Bands is falling, and it was 8.53% on Friday. It is 56.46% lower than one year average. It indicates the period of low volatility of the stock price. 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.
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