CVS Health stock forecast: down to 72.23 USD CVS stock price prognosis

STOCK

Forecast for Tue 11 Jun 2024 price 73.42

CVS Health stock price forecast for further price development down to -8.54% (time horizon: 1 day) and price target of 72.23 USD. Short-term (time horizon: 2 weeks) CVS Health share price prediction for 2024-06-11 with daily closed price projections

Key Facts

Symbol CVS 

ISIN US1266501006 

CUSIP 126650100

Currency USD

Category Retail-Drug Stores And Proprietary Stores

Forecast price change %

Relative Strength Index (RSI)

Finance numbers

Revenue 271,048,000,000.0

Earnings per share 5.61

Dividends 2.00

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On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

On the Aetna Acquisition Date, Aetna became a wholly-owned subsidiary of CVS Health. The Company expects to continue HealthHUB conversions through 2021 and into 2022. Retail/LTC CompetitionThe retail pharmacy business is highly competitive. In December 2019, the HIF was repealed for calendar years after 2020. We focus on identifying causes and improving performance when workplace incidents occur. See Item 3 of this 10-K, "Legal Proceedings," for further information. Various states have enacted similar laws. The Company's Medicare Advantage and PDP products are heavily regulated by CMS. CMS also gives PDPs star ratings which affect each PDP's enrollment. The Company's businesses also may be affected by other legislation and regulations. Medicaid premiums are paid by each state and differ from state to state. Competition also may come from new entrants and other sources in the future. We are exposed to risks relating to the solvency of other insurers. Future assessments may have an adverse effect on our operating results and cash flows. We cannot predict the effect of these possible changes on our businesses.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/64803/000006480321000011/0000064803-21-000011.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 82.46/100
    • Not in ideal financial position.
    • Historical view, profit is growing.
    • Company revenue is growing faster compared with the industry.
    • Stock price is under book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - BARCLAYS PLC 2023-06-30 5483154
A - OVERSEA-CHINESE BANKING Corp Ltd 2023-03-31 8408
A - OVERSEA-CHINESE BANKING Corp Ltd 2022-12-31 7547
DCM Advisors, LLC 2022-12-31 64775
DCM Advisors, LLC 2022-09-30 40913

Fund ownership list is based on filling form information

Fund name Date Amount Profile
Old Westbury Funds Inc 2023-07-31 14505 Long
DIMENSIONAL INVESTMENT GROUP INC 2023-07-31 365058 Long
DFA INVESTMENT TRUST CO 2023-07-31 3233170 Long
INTEGRITY FUNDS 2023-07-31 35000 Long
Pacer Funds Trust 2023-07-31 3661634 Long

CVS Health holding

CUSIP Symbol Name Title Of Class Value in 1000's Amount
46429B663 0 ISHARES CORE HIGH DIVIDEND ETF COM 48475148 476836
81369Y506 0 ENERGY SELECT SECTOR SPDR COM 12200859 147300
42225T107 0 HEALTH CATALYST INC COM 376620 32273
921946406 0 VANGUARD WHITEHALL FDS COM 22453776 212832
81369Y308 0 CONSUMER STAPLES SPDR COM 21023394 281400

Insider trading for CVS Health

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1757584 Clark James David 2023-08-03 SALE Reject Reject Reject Reject
1900910 Shah Prem S 2024-02-16 SALE Reject Reject Reject Reject
Assets / Liabilities

Bollinger Bollinger Bands for CVS Health can provide the information where the market is moving based on price information.

CVS Health Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.

Converting prices to returns CVS Health.

On-Balance Volume information for CVS Health. On-Balance Volume information can be an indicator for bullish or bearish outcome.

Accumulation / Distribution (A/D) indicator information for CVS Health. The indicator identify divergences between price and volume flow.

Aroon Oscillator information for CVS Health. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.

Average Directional Index (ADX) information for CVS Health. The index can be used to identify the strengh of a trend.

Moving Average Convergence Divergence (MACD) for CVS Health. The indicator helps to predict trend direction and the momentum of the trend.

Stochastic Oscillator as momentum indicator for CVS Health. The indicator is useful for identifying overbought and oversold levels.

Relative Strength Index (RSI) for CVS Health. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].

Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.

The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.

The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.

Moving Average Crossover

52W High 52W Low Market Cap

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CVS Health on Nasdaq

CVS Health on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2024-05-20 72.23 2024-04-16 06:29
2024-05-21 72.31 2024-04-16 06:29
2024-05-22 72.38 2024-04-16 06:29
2024-05-23 72.45 2024-04-16 06:29
2024-05-24 72.53 2024-04-16 06:29
2024-05-27 72.61 2024-04-16 06:29
2024-05-28 72.68 2024-04-16 06:29
2024-06-07 73.28 2024-04-16 06:29
2024-06-10 73.35 2024-04-16 06:29
2024-06-11 73.42 2024-04-16 06:29
2024-05-30 72.84 2024-04-16 06:29
2024-05-31 72.91 2024-04-16 06:29
2024-06-06 73.20 2024-04-16 06:29
2024-06-05 73.13 2024-04-16 06:29
2024-05-29 72.75 2024-04-16 06:29
2024-06-03 72.98 2024-04-16 06:29
2024-06-04 73.06 2024-04-16 06:29
2024-05-13 71.90 2024-04-16 06:29
2024-05-14 71.95 2024-04-16 06:29
2024-05-15 71.99 2024-04-16 06:29
2024-04-19 69.80 2024-04-16 06:29
2024-04-30 70.92 2024-04-16 06:29
2024-05-01 71.01 2024-04-16 06:29
2024-05-07 71.45 2024-04-16 06:29
2024-05-08 71.58 2024-04-16 06:29
2024-05-16 72.08 2024-04-16 06:29
2024-04-25 70.42 2024-04-16 06:29
2024-04-24 70.30 2024-04-16 06:29
2024-04-18 69.63 2024-04-16 06:29
2024-04-22 69.73 2024-04-16 06:29
2024-04-23 69.89 2024-04-16 06:29
2024-04-29 70.76 2024-04-16 06:29
2024-05-02 71.18 2024-04-16 06:29
2024-05-03 71.25 2024-04-16 06:29
2024-05-06 71.31 2024-04-16 06:29
2024-05-09 71.66 2024-04-16 06:29
2024-04-17 69.06 2024-04-16 06:29
2024-04-26 70.50 2024-04-16 06:29
2024-05-10 71.78 2024-04-16 06:29
2024-05-17 72.17 2024-04-16 06:29

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.