CVS is at major resistanceIs CVS is at major resistance or poised for a breakout? CVS Health said Thursday it is raising it's dividend and that it expects the company’s earnings and revenue to grow in 2022.
Q4 2021 earnings consensus
eps = $1.56
revenue = $73.85B
p/e = 17.012
div/yield = 2.055
price levels on the 4hr chart
SMA200 = $87.01
SMA150 = $88.12
SMA100 = $89.72
SMA50 = $93.14
Trend channel
breakout = $98.63
R3 = $97.99
R2 = $96.32
R1 = $95.05
pivot = $93.93
S1 = $92.74
S2 = $91.55
S3 = $90.35
breakdown = $89.24
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CVS trade ideas
CVS is a good buyfor risk-takers this for you, CVS Health Corporation is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager and Aetna, a health insurance provider, among many other brands. The company's headquarters is in Woonsocket, Rhode Island.
By looking at the company file we got this
total assets
12/30/2020 12/30/2019 12/30/2018 12/30/2017
230,7 B 222,4B 196,4B 95,1B
Increasing percent from the year before.
3.73% in 2020 13.23 % in 2019 106.51% in 2018
The total debt
85,0B 89,0 B 73,4 B 27,0 B
percentage change from the year before
-4.49 % in 2020 +21.25 % in 2019 +171.85 % in 20218
---------------------------------------------
Debt percentage from assets
36.86% 40.01% 37.37% 28.39%
Net Income
7,57B 7,18 B 6,63 B -0.594 B 6,62 B
EBIT
12,64 B 12,67 B 12,03 B 4,02 B 9,33 B
Free cash flow
15,19 B 13,43 B 10,39 B 6,83 B 6,09 B
Return on Investment 5YA 4.12% for the company 6.44 for the sector
Return on Assets 5YA 3.06% for the company 5.83 for the sector
5 Year EPS Growth 5YA 3.33% for the company 16.84 for the sector
5 Year Sales Growth 5YA 11.88% for the company 12.01 for the sector
Dividend Yield ANN 2.15% for the company 1.37 for the sector
Final view
After reviewing the company file, we express our opinion as
the assets are continuously increasing so the net income, free cash flow which is a good sign
by looking at the 5-year ratios we see the company is growing
The dividend ratio is perfect for the shareholders who own the shares for long-term investment.
the total debt is fine we can see it increasing but in the long run, I believe It will not be a problem for the company.
the company performance Improved with the spread of the pandemic, still, I think the pandemic will increase in the coming period
as we see omicron news.
CVS is a good buy now
CVS SHORTCVS been on a downtrend since hitting all time highs from earnings. It’s been hitting lower lower lows and lower highs. On the daily chart after it broke the support at 92.18 because of the mix with the fed tapering news and the downtrend of the stock I was waiting for this to gap down to 90.55 and then to 90.20. However with the stock market having some breathing room over the weekend I was patient on going short on it just yet. That being said Monday’s volatility Helped cvs break the downtrend line with a red candle going right down its old support on the trend line. This could be an area of confluence and a trade opportunity to short. Considering that the stock double topped after breaking the trend line we should
be seeing the continuation of that downtrend. The stock also failed to break the 4 level Fibonacci retracement courtesy of wysetrade so that should be extra conviction to go short on this. On top of that there is news that CVS didn’t regulate their opioids which just signifies red knives. I will be talking puts as soon as the stock market opens or wait to see if the stock could break that top fib level considering the Pre market trading. First pt is 90.90 then 90.50 then 90.20 I will be scaling out as it hits these levels.
11/21/21 CVSCVS Health Corporation ( NYSE:CVS )
Sector: Retail Trade (Drugstore Chains)
Current Price: $93.16
Breakout price trigger: $95.70
Buy Zone (Top/Bottom Range): $92.00-$89.00
Price Target: $100.40-$102.00
Estimated Duration to Target: 53-57d
Contract of Interest: $CVS 1/21/21 95c, $CVS 1/21/22 100c
Trade price as of publish date: $2.55/contract, $1.08/contract
CVS: Strong ConsolidationPros:
- CVS is cheap on a relative basis
- Strong multi-year consolidation
- Making a strong run at a multi year support
- Momentum picking up steam
Cons:
- Missing volume for breakout
- Underperforming on a 1 year rolling basis
Speculation:
- Could be a cup and handle formation - in which expect another strong dip
(US) CVS VCP Follow UpAfter 2 weeks of contraction, CVS breakout the last contraction again.
C1: 11%
C2: -5%
C3: -2% (very tightening area)
Can it continue to go higher?
3 Nov 2021 QR release.
Disclaimer:
Not any buy call recommendation. Just sharing on chart pattern through technical analysis. Trade at your own risk.
CVS breakout to the upsidefrom my chart and opinion, CVS has broken out of its bearish trend towards the upside and has made confirmation though its Doji on the daily, re-testing that trend-line from above. WBA released earnings last week and moved 7% to the upside because it beat earnings (earnings had a low expectation). CVS has earnings on NOV.3 with a low expectation. by being in the same industry as WBA, i (personally) expect CVS to beat earnings as well and causing the price to move towards the upside. if your curios... i opened 6 contracts - NOV.19 2021 85C @3.80
Bullish- Triangle breakout (Update)Big symmetrical triangle forming on CVS here heading into earnings, Held the 50-day Moving Average nicely and currently sitting right on its 50day EMA, MACD just crossed, and Bollinger bands are also squeezing as well (Not Pictured)- Bullish and will be looking for a breakout - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones
PT1- $84.93
PT2- $85.84
PT3- $8641+
Previous Charts
(US) CVS VCP SetupCVS observed forming a VCP since May. Recent price pull back and hovering at MA50 trendline. Monitoring if huge volume and come in and breakout the pp or not.
C1: -11%
C2: -4%
C3: -4%
Disclaimer:
Not a buy call recommendation. Just sharing based on technical chart and indicator. Trade at your own risk.
Symmetrical Triangle - Watching closelyCVS coming to the end of a big symmetrical triangle and frankly looking quite nice here. Held the 50-day Moving Average nicely and a nice spike in buyer volume EOD on Friday- with buyer volume should pop (Broader Market Conditions Permitting). Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones - Bullish and will be looking for a breakout from this triangle
PT1- $84.93
PT2- $85.84
PT3- $8641+
Potential upside long term perpective. CVS. 2023Fundamental Analysis:
CVS has an stimated EPS in 2023 of 7,40(marketscreener) and 8,23(tikr). Applying a possible PER of 13x in 2023, this give us a potential price of 96,2-$106$.
Technical Analysis:
Since Resistance of 82$ has been broken it this can lead the price to next resistance level in 97$.
Considering both analysis, I'm bullish with this stock.
$CVS with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CVS after a Negative Under reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
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CVS Health Analysis 17.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to break down next and I will cover it in my next analysis
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