When (ELV) Moves Investors should Listen
March 01, 2024, 12:52 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ELV
- Buy ELV slightly over 478.05 target 502.41 stop loss @ 476.67 Details
The technical summary data tells us to buy ELV near 478.05 with an upside target of 502.41. This data also tells us to set a stop loss @ 476.67 to protect against excessive loss in case the stock begins to move against the trade. 478.05 is the first level of support below 498.22 , and by rule, any test of support is a buy signal. In this case, support 478.05 is being tested, a buy signal would exist.
- Short ELV slightly under 502.41, target 478.05, stop loss @ 503.86 Details
The technical summary data is suggesting a short of ELV as it gets near 502.41 with a downside target of 478.05. We should have a stop loss in place at 503.86though. 502.41 is the first level of resistance above 498.22, and by rule, any test of resistance is a short signal. In this case, if resistance 502.41 is being tested, a short signal would exist.
Swing Trading Plans for ELV
- Buy ELV slightly over 501.39, target 502.41, Stop Loss @ 499.94 Details
If 501.39 begins to break higher, the technical summary data tells us to buy ELV just slightly over 501.39, with an upside target of 502.41. The data also tells us to set a stop loss @ 499.94 in case the stock turns against the trade. 501.39 is the first level of resistance above 498.22, and by rule, any break above resistance is a buy signal. In this case, 501.39, 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 501.39, target 478.05, Stop Loss @ 502.84. Details
The technical summary data is suggesting a short of ELV if it tests 501.39 with a downside target of 478.05. We should have a stop loss in place at 502.84 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, 501.39, 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 501.42, target 502.41, Stop Loss @ 500.25 Details
If 501.42 begins to break higher, the technical summary data tells us to buy ELV just slightly over 501.42, with an upside target of 502.41. The data also tells us to set a stop loss @ 500.25 in case the stock turns against the trade. 501.42 is the first level of resistance above 498.22, and by rule, any break above resistance is a buy signal. In this case, 501.42, 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 501.42, target 497.68, Stop Loss @ 502.59. Details
The technical summary data is suggesting a short of ELV if it tests 501.42 with a downside target of 497.68. We should have a stop loss in place at 502.59 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, 501.42, 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 March 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
452.77 |
| P2 |
497.68 |
501.39 |
478.05 |
| P3 |
501.42 |
510.15 |
502.41 |
AI Generated Signals for ELV
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Elevance Health Inc. (NYSE: ELV) report below is a real world example. Included are trading plans for ELV, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ELV:
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