ELEVANCE HEALTH INC (ELV) Stock Technical Analysis
NYSE:ELV - New York Stock Exchange, Inc. - US0367521038 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ELV. ELV has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ELV is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month ELV has a been trading in the 390.00 - 458.75 range, which is quite wide. It is currently trading near the lows of this range.
ELV has an average volume of 1701340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ELV outperforms 47% of them, which is more or less in line with the market.
ELV is part of the Health Care Providers & Services industry. There are 106 other stocks in this industry, ELV did better than 55% of them.
ELV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 423.47, a Stop Loss order could be placed below this zone.
More info and screens
362.16
449.63
3 important support areas can be observed.
- A support zone ranging from 414.38 to 423.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 401.23 to 402.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 365.82 to 365.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 432.77 to 445.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.14
Mansfield-0.29
10 Day High458.75
10 Day Low390
20 Day High458.75
20 Day Low390
52 Week High567.26
52 Week Low362.21
Performance
1 Week-2.71%
2 Weeks-6.22%
1 Month-2.25%
3 Month10.18%
6 Month-1.45%
12 Month-20.11%
2 Year-9.41%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-1.7
RSI(14)47.67
LBB420.13
UBB448.87
424.53
-10.51 (-2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.42%
1 Week-2.71%
2 Weeks-6.22%
1 Month-2.25%
3 Month10.18%
6 Month-1.45%
12 Month-20.11%
2 Year-9.41%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)17.79
ATR(20)%3.58%
ATR Inc93.81%
Range Today47.99
ADR(20)14.8
ADR(20)%3.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.14
Mansfield-0.29
10 Day High458.75
10 Day Low390
20 Day High458.75
20 Day Low390
52 Week High567.26
52 Week Low362.21
CS1 End423.47
CR1 Start432.77
Volume & EV
DER(3)1.04%
DER(5)0.14%
Volume3.57M
Volume Incr-13.67%
Vol(5)1.64M
Vol(50)1.70M