CVS - Targeting May HighsCVS looks like its strengthening enough to get back to the $90 range rivaling last March's high. Earnings coming up, but this target is barely 4% away, so hopefully gets there prior.
CVS trade ideas
(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+
CVS projection into 2023. Let's ee how this plays outProjection for CVS into 2023. Clear bull flag breakout
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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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Looking for 618 Push in CVSChannel break; bull exaggerated div; 382 resistance needs to break. 86 above.
CVS Long ideaNYSE:CVS
CVS on daily timeframe
Short term price action and indicators suggesting bullish momentum
$CVS Trend Break Long IdeaLooking for a break here on the daily timeframe.
I'm trading short term options for this trade.
Price Target: $84.50
Stop Loss: $80.90
$CVS Downtrend Breakout, Bullish Options$CVS Downtrend breakout today on the daily chart. Should see nice follow through move near term...some resistance possible at $85.
Bullish Unusual Options Activity:
$85M of Jan'2022 deep ITM calls traded today (~10x open interest)
$77M of Jan'2023 deep ITM calls traded today (~10x open interest)
Of note...earnings coming early August. Solid beat last quarter.
Medium term target: $100-$105 range by early Sept
Note: This is NOT investment advice. Educational only.
CVS with an Interesting Setup. LONG? SHORT? WHO KNOWS?CVS chart showing a really interesting setup. We have 2 possible scenarios to take into consideration.
1. CVS continues to push higher and breaks out of this resistance. Break and close above $77.20 would be confirmation of the breakout. We saw it break over $77.20 today but failed to hold and sold off. If it can hold above and show strength we may see CVS make a run towards $80 and higher.
2. CVS fails to breakout over $77.20 and hold it for a 3rd time and falls back into the ascending triangle where puts / shorting would work. If market shows signs of weakness after such a crazy move higher we may see CVS reject once again and continue to trade inside of this pattern for some more time before breaking out higher.
Those are both possible scenarios I see that can happen. I personally think we see the market sell some tomorrow 4/22/2021 and we may see CVS come down. I am going to keep a close eye on this ticker and hopefully we can get a nice breakout in the future but it may need some more time.
PLEASE SHARE WITH ME YOUR THOUGHTS ON CVS AND WHAT IT IS GOING TO DO I WOULD LOVE TO HEAR WHAT YOU THINK.
THIS IS NOT A FINANCIAL RECOMMENDATION AND ALL OF THIS IS JUST TECHNICAL ANALYSIS AND MY OPINION ON WHAT I THINK THE STOCK WILL DO.
CVS Bullish Trend on the 5 yr frame.Looking at the 5 year history chart It shows that New highs are on the way.
Pullback before the next run.With MACD converging and RSI weakening, looks like the start to a pull back and good buying opportunity. Analyst PTs are in the low to mid 90s and the setup looks a lot like the start to Wave 4 so watching to see how far it retraces. Looking to get in if it goes below 88 and bounces off support.
CVS - Bull Flag It seems Bull Flag has developed on CVS, breakout is visible and can anticipate price going towards 92 to 95 range.
