Elevance Health Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Elevance Health Inc. stock after losing 0%
(Updated on Jun 19, 2024)
No changes to the price of Elevance Health Inc. stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $533.16 to a day high of $533.16. The price has risen in 5 of the last 10 days but is still down by -1.78% for this period.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.73% during the next 3 months and, with a 90% probability hold a price between $541.30 and $590.07 at the end of this 3-month period.
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0HG8.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Elevance Health Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $533.99. On a fall, the stock will find some support from the short-term average at $532.01. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, April 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, November 03, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, November 03, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, November 03, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Elevance Health Inc. stock
Elevance Health Inc. finds support from accumulated volume at $526.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.98%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0HG8.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Elevance Health Inc. to open at $533.16, and during the day (based on 14 day Average True Range), to move between $524.51 and $541.80, which gives a possible trading interval of +/-$8.64 (+/-1.62%) up or down from last closing price. If Elevance Health Inc. takes out the full calculated possible swing range there will be an estimated 3.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $534.74 (0.30%) than the support at $526.94 (1.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Elevance Health Inc. stock A Buy?
Elevance Health Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.354 Sell Candidate Unchanged
Predicted Opening Price for Elevance Health Inc. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $533.16 ( 0%) | $533.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0HG8.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 533.16 | - |
| R2 | 533.16 | - |
| R1 | 533.16 | - |
| Price | 533.16 | |
| S1 | 533.16 | - |
| S2 | 533.16 | - |
| S3 | 533.16 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 540.32 | 1.34% |
| R2 | 539.26 | 1.15% |
| R1 | 534.74 | 0.297% |
| Price | 533.16 | |
| S1 | 526.94 | -1.17% |
| S2 | 518.97 | -2.66% |
| S3 | 506.81 | -4.94% |
0HG8 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 25, 2024 | $1.63 | 0.306% |
| 2 | Mar 07, 2024 | Mar 07, 2024 | Mar 22, 2024 | $1.63 | 0.317% |
| 3 | Dec 05, 2023 | Dec 05, 2023 | Dec 05, 2023 | $1.48 | 0.306% |
| 4 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | $1.48 | 0.329% |
| 5 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | $1.48 | 0.318% |
FAQ
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