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ELEVANCE HEALTH INC (ELV) Stock Technical Analysis

NYSE:ELV - New York Stock Exchange, Inc. - US0367521038 - Common Stock - Currency: USD

383.165  -7.33 (-1.88%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to ELV. ELV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
82% of all other stocks performed better in the past year than ELV.
ELV is one of the lesser performing stocks in the Health Care Providers & Services industry. 63% of 108 stocks in the same industry do better.
ELV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ELV has a been trading in the 378.73 - 415.49 range, which is quite wide. It is currently trading near the lows of this range.
ELV has an average volume of 1734450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
ELEVANCE HEALTH INC / ELV Weekly stock chart
ELEVANCE HEALTH INC / ELV Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is bad, ELV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 396.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 390.05, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELV in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

362.16

553.28

When analyzing the support we notice one important area.

  • 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.

We can see 2 important resistance areas.

  • A resistance zone ranging from 385.86 to 411.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 547.71 to 547.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.31
Mansfield-2.61
10 Day High401.48
10 Day Low378.73
20 Day High415.49
20 Day Low378.73
52 Week High567.26
52 Week Low362.21
Performance
1 Week1.25%
2 Weeks-2.9%
1 Month-0.06%
3 Month-2.99%
6 Month-28.47%
12 Month-24.04%
2 Year-16.86%
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)-1.25
RSI(14)48.89
LBB380.96
UBB405.52
ELEVANCE HEALTH INC / ELV Daily stock chart

ELEVANCE HEALTH INC

NYSE:ELV (2/21/2025, 11:37:08 AM)

383.165

-7.33 (-1.88%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.88%
1 Week1.25%
2 Weeks-2.9%
1 Month-0.06%
3 Month-2.99%
6 Month-28.47%
12 Month-24.04%
2 Year-16.86%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.3
ATR(20)%2.53%
ATR Inc-5.57%
Range Today11.12
ADR(20)9.59
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.31
Mansfield-2.61
10 Day High401.48
10 Day Low378.73
20 Day High415.49
20 Day Low378.73
52 Week High567.26
52 Week Low362.21
CS1 End390.05
CR1 Start396.2
Volume & EV
DER(3)4.38%
DER(5)2.12%
Volume557.63K
Volume Incr-25.46%
Vol(5)1.29M
Vol(50)1.73M