(ELV) Trading Advice

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:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	314.68
P2	383.57	368.4	366.93
P3	389.88	395.19	421.01

AI Generated Signals for ELV

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