CVS Health Corp(NYSE:CVS) Downward Trend
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 69.0847. This is not an overbought or oversold reading. The last signal was a buy 3 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 39.45. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 53 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -53. This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 9 period(s) ago.
Rex Takasugi – TD Profile
CVS HEALTH CRPTN closed up 0.250 at 93.610. Volume was 28% below average (neutral) and Bollinger Bands were 13% wider than normal.
Open High Low Close Volume___
93.050 93.810 92.860 93.610 995,179
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 93.77 95.76 97.42
Volatility: 21 21 23
Volume: 1,326,151 1,230,483 1,383,234
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
CVS HEALTH CRPTN is currently 3.9% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of CVS.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on CVS.N and have had this outlook for the last 8 periods.
Latest posts by HEFFX Australia (see all)
- Hasbro (NASDAQ:HAS) Gapped Up Today - April 25, 2017
- Verizon Communications (NYSE:VZ) Heffx Technicals Stock Oversold - April 25, 2017
- Amazon.com (NASDAQ:AMZN) Heffx Technical Analysis - April 25, 2017