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Stock Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Elevance Health, Inc. (NYSE:ELV)

Sidelines Mode (+55) - ELV is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ELV?

MarketClub looks at technical strength and momentum to determine if the timing is right for ELV.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_ELV
Open High Low ELV Price Change
545.100 546.220 520.600 521.155 -22.785
Entry Signal

MarketClub’s Trade Triangles for ELV

long term up The long-term trend has been UP since Oct 18th, 2023 at 480.955

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2024 at 521.180

short term down The short-term trend has been DOWN since May 24th, 2024 at 540.760

Smart Scan Analysis for ELV

Based on our trend formula, ELV is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ELV
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
545.100 546.220 520.600 521.155 -22.785
Prev. Close Volume Bid Ask Time
521.410 1306316 2024-05-24 16:00:00
52wk High550.3452wk High Date2024-05-22
52wk Low41252wk Low Date2023-07-12
Average Volume785,441Shares Outstanding232,418
Assets111,894,000MLiabilities712,860,000M
P/E Ratio20.5338
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