Cvs Health Corp Stock Technical Analysis

CVS Stock  USD 59.00  0.79  1.36%   
As of the 13th of July 2024, CVS Health shows the mean deviation of 1.42, and Risk Adjusted Performance of (0.06). CVS Health Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm CVS Health Corp market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if CVS Health Corp is priced some-what accurately, providing market reflects its regular price of 59.0 per share. Given that CVS Health has information ratio of (0.12), we suggest you to validate CVS Health Corp's prevailing market performance to make sure the company can sustain itself at some point in the future.

CVS Health Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CVS, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CVS
CVS Health's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

CVS Health Analyst Consensus

Target PriceAdvice# of Analysts
CVS Health Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most CVS analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand CVS stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of CVS Health Corp, talking to its executives and customers, or listening to CVS conference calls.
CVS Analyst Advice Details
CVS Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of CVS Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CVS Health trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

CVS Health Corp Technical Analysis

Time Period
Execute Indicator
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of CVS Health Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

CVS Health Corp Trend Analysis

Use this graph to draw trend lines for CVS Health Corp. You can use it to identify possible trend reversals for CVS Health as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual CVS Health price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

CVS Health Best Fit Change Line

The following chart estimates an ordinary least squares regression model for CVS Health Corp applied against its price change over selected period. The best fit line has a slop of   0.09  , which may imply that the returns on investment in CVS Health Corp will continue to fail. It has 122 observation points and a regression sum of squares at 324.66, which is the sum of squared deviations for the predicted CVS Health price change compared to its average price change.

About CVS Health Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of CVS Health Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of CVS Health Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on CVS Health Corp price pattern first instead of the macroeconomic environment surrounding CVS Health Corp. By analyzing CVS Health's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of CVS Health's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to CVS Health specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 2024 (projected)
Dividend Yield0.01930.03090.0243
Price To Sales Ratio0.470.280.27

CVS Health July 13, 2024 Technical Indicators

Most technical analysis of CVS help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for CVS from various momentum indicators to cycle indicators. When you analyze CVS charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Additional Tools for CVS Stock Analysis

When running CVS Health's price analysis, check to measure CVS Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.