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 0 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
97% of all other stocks performed better in the past year than ELV.
ELV is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, of which 79% are performing better than ELV.
ELV is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month ELV has a been trading in the 276.41 - 400.53 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ELV has an average volume of 2098750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ELV is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
274.31
422.20
We found 1 important support area.
- A support zone ranging from 277.08 to 277.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 384.37 to 393.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @405.76 from a horizontal line in the daily time frame.
- Resistance @418.02 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ELV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELV is down. |
| ChartMill Relative Strength | 3.96 | NEGATIVE | ELV has a low relative strength, it was outperformed by 96.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 19.12 | OVERSOLD | The low RSI value suggests ELV may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.34 | NEGATIVE | The MACD value suggests ELV has a negative trend. |
| Stochastics (14,3) | 6.91 | OVERSOLD | The low Stochastics value suggests ELV may be oversold. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ELV suggests some volalility. |
| Average Directional Index/ADX (14) | 33.46 | POSITIVE | The high ADX value value for ELV suggests a strong trend. |
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)
NYSE:ELV (7/21/2025, 3:45:07 PM)
277.34
+0.25 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.09%
1 Week-18.66%
2 Weeks-20.34%
1 Month-26.29%
3 Month-34.73%
6 Month-28.08%
12 Month-44.6%
2 Year-41.25%
3 Year-41.92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)15.32
ATR(20)%4.69%
ATR Inc229.04%
Range Today6.49
ADR(20)10.78
ADR(20)%3.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.96
Mansfield-4.04
10 Day High350.68
10 Day Low276.41
20 Day High400.53
20 Day Low276.41
52 Week High567.26
52 Week Low276.41
CS1 EndN/A
CR1 Start384.37
Volume & EV
DER(3)-1.48%
DER(5)0.38%
Volume2.97M
Volume Incr143.18%
Vol(5)4.34M
Vol(50)2.10M