CVS Health may rise to 66.20 - 69.30

Our pivot point stands at 51.5.

Our preference

Short term rebound towards 66.2.

Alternative scenario

Below 51.5, expect 46.4 and 43.4.

Comment

The RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 57.396 and 67.082).

Supports and resistances

72.4 **

69.3 *

66.2 **

63.1

55.54 (USD-last)

53.5

51.5 **

46.4 *

43.4 **

Number of asterisks represents the strength of support and resistance levels.