CVS Health is neutral

Our pivot point is at 63.7.

Our preference

Short term technical rebound towards 63.7 before a new drop.

Alternative scenario

Above 63.7, look for 66.8 and 68.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above its 20 day moving average (59.004) but under its 50 day moving average (61.1008).

Supports and resistances

68.6 **

66.8 *

63.7 **

62.6

61 (USD-last)

56.8

55 **

53.3 *

51.5 **

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