Trading Signals: CVS Stock Price Prediction and Forecast

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Mon. Jul. 24, 2023

Trading Signals: CVS Stock Price Prediction and Forecast (Thu. Feb. 20, 2014 - Fri. Oct. 27, 2023)

(CVS Health Group)
CVS latest price $75.9500 (1.2%) ($75.2000 - $76.2100) on Mon. Jul. 24, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.72% (three month average)
RSI   81
Latest Price   $75.9500(1.2%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CVS advances 1.3% a day on average for past five trading days.
Weekly Trend   CVS advances 3.7% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support CVS advance at 0% a week (0% probability)
XLV(48%)    SPLV(41%)    DIA(35%)    XLF(35%)    IWD(33%)
Factors Impacting CVS price   CVS will decline at least -0.86% in a week (0% probabilities).
SHY(-15%)    VXX(-14%)    VIXM(-12%)    MCHI(-10%)    SMH(-9%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.86% (StdDev 1.72%)
Hourly BBV 1 ()
Intraday Trend 1%

5 Day Moving Average   $74.51(1.93%)
10 Day Moving Average   $72.92(4.16%)
20 Day Moving Average   $71.13(6.78%)
To recent high   0%
To recent low   14%
Market Cap   $99.267b

CVS Health Corp. engages in the provision of health care services. It operates trough the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

$. CVS price fluctuates within 3.22% (three month std-dev: 1.72%) daily (68% of days).

Sample size 50 Average positive next day return: 0.85%(50%) Average negative next day return: -1.31%(50%) Sample size 50 Average positive next three day return: 1.9%(56%) Average negative next three day return: -2.25%(44%) Sample size 50 Average positive next weekly return: 2.72%(56%) Average negative next weekly return: -2.89%(44%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jul_24_2023	72.19	71.13	72.92	74.51	74.77	75.38	75.95(1.2%)	UT	HoldLong	65	0.6	73	70	48	147	7.5	44%	-0.08	66.8	1.72%	1	2.1	81	1.6
2	Jul_21_2023	72.25	70.79	72.26	73.56	73.86	74.78	75.05(0.24%)	UT	HoldLong	65	0.7	67	100	48	125	9.61	44%	-0.08	63.6	1.72%	1.1	2.1	81	1.1
3	Jul_20_2023	72.31	70.49	71.66	72.82	72.85	74.16	74.87(0.66%)	UT	HoldLong	65	1.2	73	130	59	113	9.87	44%	-0.11	69	1.72%	1.2	2.5	82	1.4
4	Jul_19_2023	72.39	70.17	71.11	72.09	72.18	72.93	74.38(2.86%)	UT	HoldLong	65	1.6	75	80	65	103	12.91	41%	-0.14	58.5	1.73%	1.4	2.9	83	1.5
5	Jul_18_2023	72.49	69.87	70.6	71.31	71.48	71.54	72.31(1.6%)	UT	OpenLong	75	0.9	25	10	11	66	8.48	37%	-0.18	45.9	1.72%	1.5	2.2	72	1.9

6	Jul_17_2023	72.62	69.64	70.34	71.1	71.23	71.54	71.17(-0.29%)	UD	OpenLong	75	0.1	22	20	9	61	7.8	39%	-0.21	27.5	1.71%	-0.1	1.6	57	1.4
7	Jul_14_2023	72.77	69.54	70.13	70.74	71.07	71.42	71.38(0.22%)	UT	OpenLong	75	0.6	37	50	30	58	9.7	39%	-0.22	6.3	1.72%	0.5	1.9	60	1.2
8	Jul_13_2023	72.93	69.31	69.87	70.3	70.42	71.03	71.22(1.06%)	UT	OpenLong	75	1	27	70	22	40	13.09	39%	-0.22	-30.7	1.72%	1.1	2.2	60	1
9	Jul_12_2023	73.09	69.34	69.56	69.96	70.02	70.73	70.47(-1.12%)	UD	OpenLong	75	0.5	36	70	37	34	13.73	37%	-0.25	-30	1.72%	0.3	1.2	61	1.1
10	Jul_11_2023	73.27	69.34	69.38	69.79	69.58	69.81	71.27(2.75%)	UT	OpenLong	75	1.3	23	10	23	24	7.17	37%	-0.03	-26.9	1.73%	1.8	1.6	67	-0.3

11	Jul_10_2023	73.29	69.37	69.21	69.49	69.38	69.32	69.36(0.27%)	UD	OpenLong	65	-0.1	3	-10	-2	16	8.09	32%	-0.27	-27.1	1.69%	-1	-0	65	-0.5
12	Jul_7_2023	73.49	69.48	69.23	69.44	69.47	69.35	69.17(-0.53%)	UD	OpenLong	75	-0.2	5	-10	1	17	6.69	32%	-0.26	-15.9	1.7%	-1	-0.2	48	-0.3
13	Jul_6_2023	73.68	69.58	69.25	69.36	69.36	69.44	69.54(-0.07%)	UD	OpenLong	75	0.1	10	10	4	28	7.95	32%	-0.27	-5.4	1.72%	0.1	-0	65	-0.6
14	Jul_5_2023	73.88	69.63	69.17	69.08	69.16	69.59	69.59(-0.26%)	UD	OpenLong	75	0.3	16	50	18	11	8.95	35%	-0.48	-0.5	1.72%	0.5	-0	42	0.9
15	Jul_3_2023	74.24	69.68	69.08	68.9	68.82	69.27	69.77(0.93%)	RB	SmallLong	20	0.6	14	40	21	-6	3.49	38%	-0.27	5.2	1.72%	0	0.1	45	1.2

16	Jun_30_2023	74.44	69.68	68.88	68.91	68.52	68.72	69.13(0.54%)	DP	OpenShort	-65	0.1	-4	0	5	-30	7.86	38%	-0.29	12.8	1.74%	1.4	-0.4	42	1
17	Jun_29_2023	74.66	69.69	68.91	69.01	68.73	68.37	68.76(0.91%)	DP	OpenShort	-75	-0.2	-14	-50	-5	-42	5.94	40%	-0.28	15.1	1.74%	0.8	-0.6	41	1
18	Jun_28_2023	74.87	69.66	68.72	69.14	69	68.31	68.14(-0.79%)	DT	OpenShort	-75	-0.7	-39	-80	-28	-70	8.84	40%	-0.24	12.4	1.74%	-0.8	-1	40	1.2
19	Jun_27_2023	75.05	69.64	69.11	69.14	69.22	69.1	68.68(-1.68%)	DT	OpenShort	-75	-0.4	-29	-10	-19	-57	12.28	40%	-0.23	8	1.74%	-0.9	-0.6	46	1.1
20	Jun_26_2023	75.22	69.6	69.37	69.26	69.33	69.69	69.85(0.36%)	N/A	N/A	0	0.4	9	40	24	-38	9.45	40%	-0.23	3	1.73%	1.2	0.2	48	1

21	Jun_23_2023	75.39	69.5	69.53	68.83	68.92	69.35	69.6(0.27%)	N/A	N/A	0	0.5	1	50	16	-45	8.56	39%	-0.22	-8.8	1.74%	0.9	0.1	50	1.1
22	Jun_22_2023	75.56	69.47	69.73	68.81	68.69	68.96	69.41(0.93%)	N/A	N/A	0	0.3	12	20	26	-30	6.91	38%	-0.25	-10.5	1.77%	1.5	-0	54	1.4
23	Jun_21_2023	75.75	69.48	69.92	68.26	68.5	68.48	68.77(0.15%)	DP	OpenShort	-75	0.3	-14	10	-5	-42	8.19	38%	-0.26	-12.5	1.77%	0.7	-0.4	55	1.3
24	Jun_20_2023	75.95	69.51	70.1	68.96	68.23	68.42	68.67(1.4%)	DP	OpenShort	-75	-0.2	-25	-10	-27	-19	9.13	38%	-0.39	0	1.78%	0.5	-0.5	58	1.2
25	Jun_16_2023	76.25	69.55	70.32	69.53	69.16	68.51	67.72(-2.56%)	N/A	N/A	0	-1.1	-5	-80	-12	16	18.2	37%		11.7	1.77%	-0.9	-1.1	54	1.6
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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