CVS with the perfect bounce from trend support zone 😏should rally to trend resistance zone in the next few weeks or months, potential upside targets: 92.20-95.48-98.01 🎯
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CVS trade ideas
CVS Reviseda little change from my last post... very bullish given the price point, and earnings have indicated they've beat almost every one so far with a huge jump... hopefully a little clearer of time frame and given that CVS is trading at 84 after hours, looking pretty wound up
CVS if they beat earningsCVS with an earnings call on wednesday, possible slight underwhelming surprise but with a growth analytic in the works could cause the stock to jump 10-12% and land around other investment firms beliefs of 92 as a minimum, and 115 as target. 130 was a theoretical max but hey, who's counting
CVS: BUY on strong supportCVS Health Corporation is in a strong support area and well far from its equilibrium zone:
Buy now or before day close with SL just below support area and TP at aproximately the low of equilibrium zone.
My "Stock accumulation" strategy gave a signal two days ago, but the price wetn down again, so it's a good time to buy and put some stocks on your pocket!
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This idea is based on my researches, do your own study and don't invest based on this idea only.
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$CVS: Rebound from here. Very Very Bullish.TICKER: $CVS
TIME FRAME: 1D
STRATEGY: LONG (BULLISH)
I am very bullish on CVS. Earning will be great.
Rejected the trend-line and from here it's going up.
Usually healthcare sector does great during recession.
ChatGpt Fundamental Analysis: Some sectors that are typically considered to be relatively "recession-proof" or that may perform well during a recession include:
Healthcare: People will continue to need medical care regardless of the economy, so healthcare companies are often considered a safe bet during tough times.
Fundamental Analysis:
#Revenue: CVS Health Corporation's revenue has been steadily increasing over the years. In 2020, the company generated revenue of $256.8 billion and in 2021, it generated $269.5 billion.
#Earnings: CVS Health Corporation has been consistently profitable over the years. In 2020, the company had net income of $4.4 billion and in 2021, it had net income of $4.9 billion.
#Dividends: CVS Health Corporation has been paying dividends to shareholders. In 2021, the company paid dividends of $2.5 billion.
#Debt: CVS Health Corporation has a significant amount of debt. As of December 2021, the company had long-term debt of $35.8 billion
#Market Capitalization: CVS Health Corporation has a market capitalization of $91.9 billion as of January 26th, 2023
#P/E ratio: CVS Health Corporation has a P/E ratio of 14.1 as of January 26th, 2023, it is lower than the industry average which indicates that the stock is undervalued.
#Business Model: CVS Health Corporation operates in the healthcare sector, providing pharmacy services, retail pharmacy, and healthcare clinics. The company's primary sources of revenue include retail pharmacy, pharmacy services, and Medicare Part D.
BULLISH---BULLISH----BULLISH
Note: Please note that this information is for educational purposes only and should not be considered as financial advice. It is important to conduct your own research and consult with a financial professional before making any investment decisions.
CVS Cup and HandleLong base Cup and Handle forming for CVS. Has high free cash flow yield. Forming the handle and watch if it falls or stay at 1/3 or 30% limit from highest price level.
Now at limit of 84.82. Can't go lower to qualify for Cup and Handle. Note the high volume on weekly so likely to move up. Continue to monitor.
CVS - LONGCVS has been incredibly week and leading the decline in healthcare. Often leading stocks will find a near term bottom before the health care sector does.
CVS is one of our potential long plays as we approach the next 1-2weeks.
Sing up for our Trading Capital alerts to know when we buy.
CVS long buyThis is a beauty. Stuck in a parallel channel at the bottom. Simple trade tbh, long here and take it up to $100. We saw bull bets sizing in on 8-18-2023 calls ranging from $70c to $95c. Will set stops below trend line for the re test.
CVS: 3 Falling Peaks, Bearish Dragon, at PCZ of Bearish Alt-BatWe do also have Bearish Divergence on the monthly and some of the lower timeframes but the stucture looks the smoothest on the 2 week. We have Confimed the Bearish Dragon Breakdown and are working on confirming the 3 Falling Peaks Pattern if we Break Below $86.78
CVS | FINALLY Time to Enter | LONGCVS Health Corporation provides health services in the United States. The company's Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Its Pharmacy Services segment offers pharmacy benefit management solutions, including plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, clinical, and disease and medical spend management services. It serves employers, insurance companies, unions, government employee groups, health plans, prescription drug plans, Medicaid managed care plans, plans offered on public health insurance and private health insurance exchanges, other sponsors of health benefit plans, and individuals. This segment operates retail specialty pharmacy stores; and specialty mail-order, mail-order dispensing, and compounding pharmacies, as well as branches for infusion and enteral nutrition services. The company's Retail/LTC segment sells prescription and over-the-counter drugs, consumer health and beauty products, and personal care products; and provides health care services through its MinuteClinic walk-in medical clinics. This segment also distributes prescription drugs; and provides related pharmacy consulting and other ancillary services to care facilities and other care settings. As of December 31, 2021, it operated approximately 9,900 retail locations and 1,200 MinuteClinic locations, as well as online retail pharmacy websites, LTC pharmacies, and onsite pharmacies. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island.
Pull Back FishingWatching and probably not time yet.
Prior H&S.
CVS formed an Alternate Bat that ended at the 1.113 and appears to forming another crooked M pattern.
Peak 2 is higher than peak 1 which leads on to believe this will be a Shark, a Cypher or a Nen-Star.
The Cypher is less common that a Shark and ends at the .786 of the entire structure (XC). I have not found many Nen-Stars either which ends at the 1.272 of the entire structure.
The Shark should end at the .886 or the 1.113 of the 1st leg (labeled OX).
Overall trend is Down.
No recommendation.
Earnings 2=8 BMO.
EPS (FWD)
8.62
PE (FWD)
10.67
Div Rate (FWD)
$2.42
Yield (FWD)
2.63%
Short Interest
1.07%
Market Cap
$120.86B
CVS - Bearish BAT Harmonic PatternThe stock shows strong indication to remain bearish for the foreseeable future due to the formation of a strong bearish XABCD harmonics pattern.
CVS - Short After breaking a strong bullish rally, the bears have managed to pull the price of the said stock below 0.786 fib retracement level.
Considering another strong bearish candlestick on an hourly chart, the prices are likely to fall below to the 0.618 level. A strong indication for short-selling.
$CVS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CVS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 70%.
Window ClosedLast Friday we started a temporary rise and opened this week with a new gap up and have closed the September 30th window immediately. But this spike up became almost an Island Reversal when we failed to open the day higher today and even opened below yesterday's low. The bulls had the power only to close yesterday's gap up and gave up soon. Thus I expect the downtrend to be in force so that we may see new lows again. After the test of the August highs we have seen lower highs and lows only. And the impressive windows became confirmations of the downtrend when they became closed.
CVS // Fibonacci studyLet's look for a close over the wedge resistance in the daily time frame. In the weekly time frame, it appears as the wedge resistance.
CVS daily evening star reversalOrder SELL CVS NYSE Stop 98.11 LMT 98.11 will be automatically canceled at 20230401 01:00:00 EST
CVS daily evening star reversal.
CVS Health Corp continues to seize. CVSWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Cup in handle for CVS Cup in Handle for CVS. Looking like a Bullish pattern has started. Be careful but get ready if it reverses.
CVS - SHORT SWING TRADE IDEACVS is shaping up to be a nice short trade for a couple of reasons:
First, CVS broke trendline support, the $100 area, and four major moving averages (9SMA(purple), 21SMA(blue), 50SMA(yellow), 200SMA(orange)
Second is the because it is forming a clean breakdown pattern with an achievable & worth while reward to risk
Last is because CVS is a down trending stock after failing to make new highs in August and not even holding minor price support at 98
A trailing stop strategy and a firm target near 91 is recommended as there are areas of minor support along the way
CVS monthly bearish hammer near all time highCVS monthly bearish hammer near all time high. Probably can see more upward movement in the wave 5 of the uptrend, but can also go down into ABC correction or 5 wave downtrend. Good turning point. Stop loss above all time high.
CVS 3 bar playThis is a a buy setup that already triggered but i jumped on the breakout above the narrow range red bar. This is called the 3 bar play. 200SMA (red line) is support and igniting from a narrow state with the 20 sma right below.
Entry 102.95
Stop loss: 101.89
Traget 107
