RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ELV
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Elevance Health Inc. stock price down 0.91% on Friday
(Updated on Jul 19, 2024)

Sell candidate since Jul 17, 2024 Loss -3.99% PDF

The Elevance Health Inc. stock price fell by -0.91% on the last day (Friday, 19th Jul 2024) from $504.72 to $500.12. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.96% from a day low at $499.71 to a day high of $509.50. The price has fallen in 6 of the last 10 days and is down by -5.69% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 1 million shares were bought and sold for approximately $512.51 million.

The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $502.17 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

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ELV Signals & Forecast

There are few to no technical positive signals at the moment. The Elevance Health Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $525.56 and $532.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, July 16, 2024, and so far it has fallen -9.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, November 02, 2023 in the long-term chart.

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.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, November 02, 2023 in the long-term chart.

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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $9.79 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 3.20%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ELV) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Elevance Health Inc. to open at $503.11, and during the day (based on 14 day Average True Range), to move between $486.46 and $513.78, which gives a possible trading interval of +/-$13.66 (+/-2.73%) up or down from last closing price. If Elevance Health Inc. takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $504.72, some $4.60 (0.92%) from the current price of $500.12, our system finds the risk reward not very attractive.

Is Elevance Health Inc. stock A Buy?

Elevance Health Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.615 Sell Candidate Unchanged

Predicted Opening Price for Elevance Health Inc. of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$503.11 ( 0.598%) $500.12

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ELV

Fibonacci Support & Resistance Levels

Level Price
R3 512.90 2.56%
R2 509.16 1.81%
R1 506.85 1.35%
Price 500.12
S1 499.37 -0.150%
S2 497.06 -0.612%
S3 493.32 -1.36%

Accumulated Volume Support & Resistance Levels

Level Price
R3 538.48 7.67%
R2 520.93 4.16%
R1 504.72 0.92%
Price 500.12
S1 0 -
S2 0 -
S3 0 -

ELV Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 16, 2024 Sep 10, 2024 Sep 25, 2024 $1.63 0.326%
2 Jun 10, 2024 Jun 10, 2024 Jun 25, 2024 $1.63 0.305%
3 Jan 23, 2024 Mar 07, 2024 Mar 22, 2024 $1.63 0.317%
4 Oct 17, 2023 Dec 05, 2023 Dec 21, 2023 $1.48 0.319%
5 Jul 19, 2023 Sep 07, 2023 Sep 22, 2023 $1.48 0.331%

FAQ

What is the symbol for Elevance Health Inc. Stock and on which exchange is it traded?
The symbol for Elevance Health Inc. is ELV and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Elevance Health Inc. Stock?
Elevance Health Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Elevance Health Inc. Stock?
Elevance Health Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Elevance Health Inc. Stock.

What's the current price of Elevance Health Inc. Stock?
As of the end of day on the Jul 19, 2024, the price of an Elevance Health Inc. (ELV) share was $500.12.

What is the 52-week high and low for Elevance Health Inc. Stock?
The 52-week high for Elevance Health Inc. Stock is $555.36 and the 52-week low is $431.38.

What is the market capitalization of Elevance Health Inc. Stock?
As of the Jul 19, 2024, the market capitalization of Elevance Health Inc. is 115.971B.

When is the next earnings date for Elevance Health Inc.?
The upcoming earnings date for Elevance Health Inc. is Oct 16, 2024.
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