CVS Health may fall to 49.30 - 51.00

Our pivot point is at 61.

Our preference

The downside prevails as long as 61 is resistance.

Alternative scenario

Above 61, look for 64.1 and 65.9.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 59.428 and 59.2526).

Supports and resistances

65.9 **

64.1 *

61 **

59.8

56.47 (USD-last)

52.8

51 **

49.3 *

47.5 **

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