CVS Health may fall to 49.40 - 51.20

Our pivot point stands at 59.8.

Our preference

The downside prevails as long as 59.8 is resistance.

Alternative scenario

The upside breakout of 59.8 would call for 62.9 and 64.7.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 59.6935 and 58.827).

Supports and resistances

64.7 **

62.9 *

59.8 **

58.6

56.89 (USD-last)

53

51.2 **

49.4 *

47.6 **

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