NYSE:ELV • US0367521038
We assign a technical rating of 2 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.
ELV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
319.69
When analyzing the support we can see 2 important areas.
We can see 4 important resistance areas.
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 | NEUTRAL | NEUTRAL | The short term trend for ELV is neutral. |
| ChartMill Relative Strength | 30.64 | NEUTRAL | ELV is not amongst the best or worst performers 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) | UP | MIXED | The current price of ELV is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ELV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.52 | NEUTRAL | The RSI value for ELV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests ELV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.55 | NEUTRAL | The Stochastics value for ELV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ELV suggests some volalility. |
| Average Directional Index/ADX (14) | 34.9 | POSITIVE | The high ADX value value for ELV suggests a strong trend. |
346.8
+10.76 (+3.2%)
ChartMill assigns a technical rating of 2 / 10 to ELV.
The current trend direction for ELEVANCE HEALTH INC (ELV) is Bearish.
ELEVANCE HEALTH INC (ELV) has an RSI value of 50.5223. This indicates that the stock is currently neutral.
The MACD indicator for ELEVANCE HEALTH INC (ELV) has a value of -0.884453, indicating a bearish trend.
ELEVANCE HEALTH INC (ELV) has a support level at 338.97 and a resistance level at 347.4. Check the full technical report for our detailed analysis of ELV support and resistance levels.