| Symbol: **
|
|
|
|
• Symbol Lookup |
|
• View Technical Chart |
|
• Add to Watch List |
|
• Candlestick Patterns |
|
• Stock
Technical Indicators |
|
• Stock Trends Analysis |
|
• Market Sector Rank |
|
• Stock Trading
Signals |
|
Williams' Percentage Range (W%R) |
|
Williams' %R is an effective momentum indicator that measures
overbought/oversold levels. Like other indicators, W%R ranges between 0% and
100% , but in opposite to the other indicators, the 0% indicating overbought and
100% - the oversold stocks. W%R measures the closing price in relation to the recent
low/high range. A bullish signal is generated when the W%R has reached 100,
five time bars have elapsed, and the W%R has subsequently fallen to 95. A
reverse signal is considered as bearish. For the sake of simplicity, the W%R
closed above 10% is considered bearish and below 90% - bullish. In trending
markets, the W%R stays at one end of the scale and gives false signals to
trade against the trend. That is why W%R is not considered a stand-along
technique, and it is essential to use it with some sort of trend formation
indicators. The divergence between price and W%R rarely occurs and presents an
important buy/sell signal. As our research shows, the W%R move to upper or lower
bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.
|
|
|
|
|
|
Advanced TA SearchArchive
- 7/19/2024 -
Sign In to see current Signals. |
CVS Caremark Corp. (CVS) Technical Analysis
|
 |
| Summary:
| | | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the CVS Caremark Corp. (CVS). During the week, the CVS climbed 0.54 points, or 0.91%, and closed at 59.57 on Friday, July 19, 2024. Weekly volume was -16% 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 52.77 on May 29, 2024. CVS lost 58.48 points, or 52.57%, in 120 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 51.56 and resistance is at 73.02. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern 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 52.77 on May 29, 2024. CVS lost 30.48 points, or 36.61%, in 20 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 45.68 and resistance is at 77.31. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 April 5, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 July 9, 2024 at 55.84 and reached 62.01 on July 17, 2024. CVS gained -6.17 points, or -11.05%, in 8 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See CVS daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
| |
|
|