CVS HEALTH Stock Chart Fibonacci Analysis 040323 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 74/61.80%
4CVS trade ideas
CVS back on the tableSince the last trade, we've been waiting for some signal to get back in. This may be early, but I'm ok averaging down to 63 if needed. With insulin changes coming, expect huge uptick in foot traffic in CVS. Also many new hype drugs/eldery boomer care coming on the market for, Weight loss, Alzheimer's, over the shelf hearing aids.
CVS HYUGE Buying OppWith J&J one shot, no special refrigerator necessities, re-open trade; I'm longing here.
GL~
Trade Idea: CVSCVS is completely oversold and into massive support.
Will see see a technical bounce in the near term?
The previous breakout zone is approaching.
CVS HEALTH Stock Chart Fibonacci Analysis 032323 1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 75/61.80%
Bull Situation Here!As you can see using the Nadaraya-Watson indicator, every time it closes under the bottom of the envelope or above the envelope, it makes a full move in the opposite direction. I would not be surprised to see CVS move back up to around $92-93 in the next month, month-and-a-half.
Easy $5-6 profitLooks oversold and below 200 wma. Can retest 80 with in a month. Bag those 5-6 dollar profit per share.
Oversold almost finishedAfter breaking down the channel and breaking the first support area CVS is approaching really strong buy Area.
I expect the stock to rebound there and have a nice 2 to 1 ratio buy opportunity.
* ๐ง๐ต๐ฒ ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐ ๐๐ต๐ฎ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐๐ต๐ถ๐ ๐ฝ๐ผ๐๐ ๐ถ๐ ๐ป๐ผ๐ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฎ๐ฑ๐๐ถ๐ฐ๐ฒ. ๐๐น๐๐ฎ๐๐ ๐ฐ๐ผ๐ป๐ฑ๐๐ฐ๐ ๐๐ผ๐๐ฟ ๐ผ๐๐ป ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐ ๐ฎ๐ป๐ฑ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต.
$CVS with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $CVS after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 72.73%.
CVS just formed a triple bottom?I think CVS has a stable net profit margin and top line. As well it have just formeda triple bottom with the price stabilizing above the 20-day moving average. Long!
CVS rally or bust!$CVS soars after beating the earnings estimates and got upgrader by few analyst.
but the upgrade and good earnings didnt really help to extend it rally this morning.
due to the overall market pulling back, making the CVS conolidate and entering a squeeze.
$CVS average price move per day is about $1.20 to $2.00+ depending on the market volatility.
here's my key level price im looking for entries:
Buy call above 90.64 and sell at 91.30+
Buy puts below 89.30 and sell at 88.67 or below
make sure to set alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
Deviation AlgoHello!
This is a deviation/mean-reversion algorithm that I created based off of the concept of moving average deviation. Essentially, this is how the algorithm works:
1. Find the pivot highs of the difference between 2 moving averages (in this specific case, it's the exponential moving average and the weighted moving average)
2. Check the RSI to see if we're overbought or oversold based on some threshold (30 for oversold and 70 for overbought)
Combine these two signals to produce a buy or sell signal!
Additionally, I also have an option to filter the MA Deviation using Linear Regression instead of the RSI, but currently, in my testing, I've been finding that RSI works better
Finally, big thanks to Dgtrd, who's Linear regression script I used to implement linear regression!
CVS Health Corporation Options Ahead of EarningsLooking at the CVS Health Corporation options chain ahead of earnings , I would buy the $87.5 strike price Calls with
2023-2-17 expiration date for about
$1.2 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
CVS with the perfect bounce from trend support zone ๐should rally to trend resistance zone in the next few weeks or months, potential upside targets: 92.20-95.48-98.01 ๐ฏ
boost and follow for more. thanks <3
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!
ADVICE:
This idea is based on my researches, do your own study and don't invest based on this idea only.
If you like my ideas and scripts, please leave a feedback and follow me.
$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
