CVS stock: buy or sell

CVS stock price: $76.26 1.61% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

2

CVS stock brief

  • CVS closed last Friday at $76.26 after rising a 1.61%.
  • On January 8 broke out above its latest top at $74.64
  • CVS Health Corporation provides health services and plans in the United States.

Should I buy CVS stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CVS stock a buy?

In the current situation of CVS there is just one buy setup eligible:

Uptrend buy setup

CVS stock continues to trend higher since last October and marked an amazing 37.75% gain. Price marked a local bottom in this uptrend at $67.06 in mid-December, and since then it bounced off a 13.72%. Price just broke out above the buy point at $74.64, but it can be traded. If price goes above $78.37, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $67.18

Buy setupBuy pointStop lossRisk
Uptrend buy setup$74.64$67.1810.00%

Should I sell CVS stock?

"To sell or not to sell", if you are holding CVS stock?. Much like when we have to buy shares, choosing when is appropiate time to sell is not a fickle decision, and we must use our own trading style. When selling, as well as buying, detailed setups are very simple to use but are only applicable for selling shares in your porfolio, not for selling short $CVS stock

A golden rule is that you should never hold a trading operation that produces greater losses than those expected by the time of purchase. The moment to sell your stock always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell CVS stock?

Currently, CVS stock doesn't match any of our preferred sell setups, so if you hold CVS stock and your operation is in profit probably is not time to sell now

CVS ratings

In the last 30 days, just one analyst rating was published for CVS

CVS analysts' ratings - Last month
Brokerage firmRating
Jan 8th, 2021
Jefferies Financial Group NeutralStrong buy

CVS stock analysis

Since last October, CVS has been printing an uptrend that so far marked a gorgeous 37.75%. During this uptrend, the price provided some buy points on the breakouts. Latest low was in mid-December, when price bounced at $67.06. On January 8, CVS broke out above its last top ($74.64) offering a good entry point

SMAs overview

CVS stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $76.89 (0.83% above)
  • R2: $76.99 (0.96% above)
  • R3: $78.60 (3.07% above)
  • The current supports are:

  • S1: $76.03 (-0.30% below)
  • S2: $75.80 (-0.60% below)
  • S3: $75.48 (-1.02% below)
  • Bollinger bands

    Since the price surpassed the upper band last Tuesday, the price corrected downwards by 1.26%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    CVS stock Bollinger Bands chart

    Relative strength index

    Broke through the 70 level last Friday, marking a value of 70.31. Breaking through above the overvalued zone is not a bearish signal, as shares can be in the overbought zone for many weeks and may continue to rise

    CVS stock RSI chart

    CVS stock price history

    CVS IPO was on Feb 21st, 1973 priced at $0.61 per share1. Since then, CVS stock surged by 12,401.64%, with an average of 263.86% per year. An investment of $1,000USD at that time would be valued $125,016.39 today.

    1: Adjusted price after possible price splits or reverse-splits

    CVS stock price history chart

    Price target for CVS stock

    Nobody knows how much a stock will be priced in the future. Banks and financial organisations publish their analysis predicting how a stock will performance in the future.

    The following table shows the price target published by analysts in the last 30 days. Again, these forecasts are not direct recommendations for small investors and must not be followed blindly.

    There is just one price target available for CVS that forecasts a price of $90.00.

    CVS stock price predictions
    Brokerage firmPrice target
    Jan 8th, 2021
    Jefferies Financial Group $90.00

    Earnings and financials

    CVS ($CVS) had the quarterly financial event and posted the report last November. CVS reported earnings of $1.66 per share on sales of $67.1 billion. The Wall St estimate was $1.33 per share on revenue of $66.6 billion.

    This compares to Earnings of $1.84 per share same quarter last year, so reported EPS is a decrease of -9.78%. Turnover merely changed on an annualized basis in the , from $645.5B to $668.5B last quarter.

    CVS ($CVS) is posting earnings report mid next February. Estimated for this quarter is $1.23, compared to $1.66 that was reported for Q3.

    CVS performance

    CVS performance compared
    Company1m3m6m
    CVS ($CVS) 10.30% 29.50% 18.60%

    Important note:
    The thoughts contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the particular positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for general educational reasons only

    CVS summary

    Friday, January 15th, 2021
    Open$75.02
    Close$76.26
    Day range$74.85 - $76.45
    Previous close$75.05
    Session gain1.61%
    Average true range$2.25
    50d mov avg$69.74
    100d mov avg$64.15
    200d mov avg$63.32
    Earnings dateFebruary 10th, 2021

    Frequently asked questions

    What is CVS stock symbol?

    CVS Health Corporation is a public company trading in the US stock market with the CVS symbol

    Is CVS stock a buy or sell?

    CVS had one rating in the last 4 weeks Read the article to get additional tips on trading CVS stock.

    Will CVS go up?

    CVS had different price predictions posted by analysts in the last 30 days setting the target price to $90.00. That is a 18.02% than the current price ($76.26).