ELEVANCE HEALTH INC (ELV) Stock Technical Analysis
NYSE:ELV - New York Stock Exchange, Inc. - US0367521038 - Common Stock - Currency: USD
Taking everything into account, ELV scores 2 out of 10 in our technical rating. ELV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
69% of all other stocks performed better in the past year than ELV.
ELV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELV is lagging the market.
ELV has an average volume of 1787210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ELV is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, ELV did better than 45% of them.
In the last month ELV has a been trading in the 357.45 - 432.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 413.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 409.22, a Stop Loss order could be placed below this zone.
More info and screens
362.16
444.22
We found 3 important support areas.
- A support zone ranging from 401.04 to 409.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @382.48 from a horizontal line in the daily time frame.
- A support zone ranging from 365.82 to 365.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 413.16 to 421.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @428.67 from a trend line in the daily time frame.
- Resistance @439.82 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.08
Mansfield-1.31
10 Day High424.24
10 Day Low357.45
20 Day High432.93
20 Day Low357.45
52 Week High567.26
52 Week Low357.45
Performance
1 Week9.88%
2 Weeks-0.36%
1 Month-0.82%
3 Month7.11%
6 Month2.47%
12 Month-20.89%
2 Year-7.89%
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)0.08
RSI(14)51
LBB376.51
UBB431.91
412.49
+8.68 (+2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.15%
1 Week9.88%
2 Weeks-0.36%
1 Month-0.82%
3 Month7.11%
6 Month2.47%
12 Month-20.89%
2 Year-7.89%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)14.42
ATR(20)%3.4%
ATR Inc-34.24%
Range Today9.64
ADR(20)12.91
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.08
Mansfield-1.31
10 Day High424.24
10 Day Low357.45
20 Day High432.93
20 Day Low357.45
52 Week High567.26
52 Week Low357.45
CS1 End409.22
CR1 Start413.16
Volume & EV
DER(3)0.97%
DER(5)0.21%
Volume1.22M
Volume Incr28.77%
Vol(5)2.05M
Vol(50)1.79M