CVS Health (CVS) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for CVS · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$104.42last close · Aug 4, 202652-week range $61.35$110.68 · 5.66% below the high
Rising Wedge · playing out now

CVS is breaking out above a rising wedge — these usually break lower, so a push higher instead is a notably bullish turn.

On this chart, setups like it have followed through about 50% of the time.

As long as price stays above $97.84, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $122.1 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

CVS Rising Wedge Pattern

CVS is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$122.07Projected move+17.1%Breakout level$107.77

New to this pattern? What a rising wedge is and how to trade it →

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
CVS win rate
31.6%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

CVS Pattern Trade History

Every completed pattern trade our nightly backtest found on CVS's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
TriangleApr 28, 2026 @ $79.45May 20, 2026 @ $93.28Win+4.13R
TriangleJan 12, 2026 @ $79.12Jan 15, 2026 @ $81.36Loss-1.14R
TriangleJan 2, 2026 @ $80.25Jan 27, 2026 @ $72.00Loss-2.56R
Falling WedgeDec 11, 2025 @ $79.65Jan 27, 2026 @ $72.00Loss-1.39R
TriangleDec 3, 2025 @ $76.53Jan 15, 2026 @ $81.36Loss-1.07R
TriangleNov 25, 2025 @ $78.82Dec 3, 2025 @ $75.00Loss-1.33R
Rising WedgeOct 13, 2025 @ $79.24Oct 29, 2025 @ $80.60Win+0.38R
TriangleMay 12, 2025 @ $65.66Jun 30, 2025 @ $68.98Loss-1.16R
TriangleApr 25, 2025 @ $65.27Aug 26, 2025 @ $71.55Loss-1.02R
Falling WedgeDec 11, 2024 @ $52.24Dec 17, 2024 @ $44.02Win+1.00R
Falling WedgeSep 25, 2024 @ $58.82Oct 15, 2024 @ $65.00Win+3.66R
TriangleAug 2, 2024 @ $58.26Oct 4, 2024 @ $64.59Loss-1.12R

CVS Support and Resistance Levels

Price found a floor near $70.14 about 4 months ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $115.90 — still about 11% away.

  • Traders commonly watch $115.90 as a target (its 100% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $70.14 floor about 4 months ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $73.06. These are chart/swing-derived levels, not formula pivots.

Support
$73.06$69.51

CVS Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$105.00$105.00$103.27$104.42
Aug 3, 2026$105.36$105.69$104.25$105.37
Jul 31, 2026$105.49$105.77$104.31$104.43
Jul 30, 2026$105.00$105.48$103.01$105.22
Jul 29, 2026$110.00$110.00$105.84$105.92
Jul 28, 2026$107.97$109.59$107.08$109.34
Jul 27, 2026$107.41$107.88$105.36$107.07
Jul 24, 2026$107.65$108.39$106.91$107.74
Jul 23, 2026$107.27$107.55$106.00$106.89
Jul 22, 2026$110.23$110.68$107.87$108.08

CVS Frequently Asked Questions

What chart pattern is CVS forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on CVS Health (CVS) on the daily chart, with a measured-move target of $122.07.
Is a rising wedge bullish or bearish?
The rising wedge detected on CVS is a bullish pattern, projecting a measured-move target of $122.07. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for CVS?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), CVS's nearest support is around $73.06 and nearest resistance around n/a.
What is the price target if CVS's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $122.07 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was CVS's closing price on Aug 4, 2026?
CVS Health (CVS) last closed at $104.42 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.