Accumulating ELV at 333 to 368 price levelPlease refer to the weekly chart. I expect prices to continue to go south towards 368 and stag a possible rebound. It could also break this support level and goes down to 333 where I would be happy to accumulate moreLongby dchua19690
ELV buying opportunityNYSE:ELV buying opportunity, in my opinion. Elevance Health, Inc. (ELV), formerly known as Anthem, Inc., is a health benefits company that provides medical, pharmaceutical, dental, behavioral health, and other insurance-related services to its members. It operates through affiliated health plans, primarily under the Blue Cross and Blue Shield brand, in the United States. Key Information: Ticker: ELV Sector: Healthcare (Health Insurance) Market Cap: ~$100 billion Business Focus: Elevance Health provides a range of health insurance products and services, including individual, group, and government-sponsored health plans. The company serves millions of members across the U.S. and is focused on improving healthcare outcomes while reducing costs. Recent Developments: Elevance Health is one of the largest health insurance providers in the U.S., playing a key role in the managed care industry. The company has been focusing on digital health and data-driven solutions to enhance patient care and outcomes. Given the increasing focus on healthcare technology, they continue to invest in improving access to healthcare services while managing costs. This stock is considered a relatively stable investment in the healthcare sector, benefiting from the growing need for healthcare services and insurance coverage.Longby fade_the_vol0
FALLS ON support and Resistance and in the channelIndicators oversold looking to move, but other key areas are still bearish, especially after this slumped to 400 before picking itself back up to 440; that wick may still be filled, meaning it could still break support.Shortby themoneyman800
Yes, from fifty to five hundred dollars in over ten years !The breakout may not continue to consolidate to the side apex before breaking up. Those who are keen to participate in the Healthcare sector may want to do more research on this counter before going long. Please DYODDLongby dchua1969Updated 3
ELV - capitalizing on misses from UNH and HUMNYSE:ELV had a great earnings, beating on top and bottom line estimates and following through with a 10% dividend increase. This comes as NYSE:UNH and NYSE:HUM each disappoint and lower guidance. ELV has put in a strong consolidation after retracing from 2022 highs. Using a fib fan from the 2022 all time high to the April 2023 high, and another from the September 2020 low to the September 2022 low give us an idea of the support and resistance areas that we can expect. At the beginning of 2023 we can see a breakdown of the sentiment cycle that leads into a year long consolidation. Taking a fib retrace from this timeframe to the July 2023 low identifies ~573 as a 1.618 target, which is very close to consensus 12 month price targets and aligns to the top of the next fib fan. However, be aware that we could expect resistance anywhere in the blue area overhead when price begins to match prior highs.Longby Ben_1148x20
ELVElevance Health, Inc. is an American health insurance provider. Prior to June 2022, Elevance Health was named Anthem, Inc. Year-long base/consolidation looking ready to break to the upside. Longby techpers0
ELV long positionHi traders, let's have a look at the ELV chart. The trend overall looks bullish, however the price is now at the resistance. We are expecting the breakout. If the breakout occurs, we can take long position. The target would be at 550$. Longby vf_investment2
ELV - 12.41% Potential Profit - Swing Trading SetupGood risk / reward ratio on this trade. Ascending Triangle. - Target Entry: $485.50 - Stop Loss: $474.67 - Target Exit Conservative: $520.50 - Target Exit Aggressive: $545.52 - Risk / Reward Ratio: 3.23 / 5.54 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss - When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid the initial spikes/drops that get me into a position and out right after.Longby maschera1
ELV | Informative NYSE:ELV If the stock price manages to surpass the bullish line, which is positioned around $469.79, the main target on the bullish side to monitor would be Target Price 1 at $480.96. On the other hand, if the stock price breaks below the bearish line, set at $458.39, there are several potential downside targets. The first target on the bearish side would be Target Price 1 at $450.10. Should this level be breached, the subsequent target to keep an eye on would be Target Price 2 at $440.76.by shksprUpdated 0
ELV Elevance Health Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ELV Elevance Health prior to the earnings report this week, I would consider purchasing the 450usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $4.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it. Shortby TopgOptions2
ELV approaching significant overhead resistanceElevance Health Inc. (ELV) approaching significant overhead resistance, able to absorb monthly buying pressures. From here, (ELV) can reject and fall lower to channel support, eliciting losses of 15% - 20% over the following 2 - 3 months. Inversely, a weekly settlement above resistance would place (ELV) into a buy-signal where gains of 15% - 20% would be expected over the following 2 - 5 months.by SpecialeAnalysis0
ELV Bombardier ShortAfter a multi Decades long run and massive unemployment goals needing met for economic stability, the healthcare sector finally looks to be in trouble... Shortby Midgar-222
ELV (formerly Anthem Healthcare) weekly, hybrid swing/longELV (formerly Anthem Healthcare) Bottom to bottom cycles running around 15 bars, or 105 days. Up cycle running approximately 5 bars or 33 days for 77 to 79 points. Strategy: ELV is under declining 52 week EMA, and under the Ichy cloud. Nevertheless, excellent fundamentals make this a good swing candidate convertible to a potential long hold. I would hope for a .618 fib pullback (a la Gartley) around mid to late October to around 404.94. In addition to being a key fib area, there is a pivot support and low volume node profile. I would count on a swing of approximately 35 days (or 5 weekly bars) and set a target of 77 points. 404.94 + 77 = 481.94, or 19%. At the target you are entering a resistance area which will be the cloud and the 52 week EMA, so you can tighten stops, scale out, sell out, or sell partial and hold long partial. I don't see much if any downside at the .618 level, so an entry around there would be ideal. free cash flow yield 10.2 % (bargain) 54.2% upside (Finbox Models) Piotroski Score 8 (excellent) consistent earnings beats PEG ratio 0.96 (excellent) ROE 17.43 % (fair)by UnknownUnicorn131010
$ELV with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:ELV after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.Longby EPSMomentum2
A tight stop for Elevance Health Required Elevance Health NYSE:ELV - Long term positioning Positive earnings are causing a pump in price but be careful here though. Earnings positive since April 2020, why the pump? If i was entering a long term position here i would be waiting for the bottom of the parallel channel and RSI resistance line or at least harboring some cash on the side and splitting my position. Chart Requirements - A retest of RSI resistance line preferred - Ideal levels outlined on chart - If entering here, please place a tight stop loss as there is a more ideal entry lowerby PukaCharts111
$ELV with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:ELV after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.by EPSMomentum0
ELV daily all time high indecision pressure buildingELV daily all time high indecision pressure building if break below will do ABC correction.Shortby MishaSuvorovUpdated 0
$ELV with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ELV after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 63.64%. Longby EPSMomentum0
$ELV with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ELV after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%. Longby EPSMomentum0
$ELV with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ELV after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%. by EPSMomentum1