(ELV) Trading Advice

June 01, 2025, 14:54 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ELV

• Buy ELV near 366.93 target 421.01 stop loss @ 365.87 Details

The technical summary data tells us to buy ELV near 366.93 with an upside target of 421.01. This data also tells us to set a stop loss @ 365.87 to protect against excessive loss in case the stock begins to move against the trade. 366.93 is the first level of support below 383.84 , and by rule, any test of support is a buy signal. In this case, support 366.93 is being tested, a buy signal would exist.

• Short ELV slightly under 421.01, target 366.93, stop loss @ 422.23 Details

The technical summary data is suggesting a short of ELV as it gets near 421.01 with a downside target of 366.93. We should have a stop loss in place at 422.23though. 421.01 is the first level of resistance above 383.84, and by rule, any test of resistance is a short signal. In this case, if resistance 421.01 is being tested, a short signal would exist.

Swing Trading Plans for ELV

• Buy ELV slightly over 395.19, target 421.01, Stop Loss @ 394.05 Details

If 395.19 begins to break higher, the technical summary data tells us to buy ELV just slightly over 395.19, with an upside target of 421.01. The data also tells us to set a stop loss @ 394.05 in case the stock turns against the trade. 395.19 is the first level of resistance above 383.84, and by rule, any break above resistance is a buy signal. In this case, 395.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ELV slightly near 395.19, target 368.4, Stop Loss @ 396.33. Details

The technical summary data is suggesting a short of ELV if it tests 395.19 with a downside target of 368.4. We should have a stop loss in place at 396.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 395.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ELV

• Buy ELV slightly over 389.88, target 395.19, Stop Loss @ 388.97 Details

If 389.88 begins to break higher, the technical summary data tells us to buy ELV just slightly over 389.88, with an upside target of 395.19. The data also tells us to set a stop loss @ 388.97 in case the stock turns against the trade. 389.88 is the first level of resistance above 383.84, and by rule, any break above resistance is a buy signal. In this case, 389.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ELV slightly near 389.88, target 383.57, Stop Loss @ 390.79. Details

The technical summary data is suggesting a short of ELV if it tests 389.88 with a downside target of 383.57. We should have a stop loss in place at 390.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 389.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Elevance Health Inc. (ELV) available here: ELV.

ELV Ratings for June 01:

AI Generated Signals for ELV

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Elevance Health Inc. (NYSE: ELV) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ELV change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ELV is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ELV too.  All of these are offered below the Summary Table.