(ELV) Technical Pivots with Risk Controls

Longer Term Trading Plans for ELV

• Buy ELV near 351.05 target 402.83 stop loss @ 350.04 Details

The technical summary data tells us to buy ELV near 351.05 with an upside target of 402.83. This data also tells us to set a stop loss @ 350.04 to protect against excessive loss in case the stock begins to move against the trade. 351.05 is the first level of support below 389.25 , and by rule, any test of support is a buy signal. In this case, support 351.05 would be being tested, so a buy signal would exist.

• Short ELV slightly under 402.83, target 351.05, stop loss @ 403.99 Details

The technical summary data is suggesting a short of ELV as it gets near 402.83 with a downside target of 351.05. We should have a stop loss in place at 403.99though. 402.83 is the first level of resistance above 389.25, and by rule, any test of resistance is a short signal. In this case, if resistance 402.83 is being tested, so a short signal would exist.

Swing Trading Plans for ELV

• Buy ELV slightly over 392.75, target 402.83, Stop Loss @ 391.62 Details

If 392.75 begins to break higher, the technical summary data tells us to buy ELV just slightly over 392.75, with an upside target of 402.83. The data also tells us to set a stop loss @ 391.62 in case the stock turns against the trade. 392.75 is the first level of resistance above 389.25, and by rule, any break above resistance is a buy signal. In this case, 392.75, 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 392.75, target 382.79, Stop Loss @ 393.88. Details

The technical summary data is suggesting a short of ELV if it tests 392.75 with a downside target of 382.79. We should have a stop loss in place at 393.88 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, 392.75, 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 390.19, target 392.75, Stop Loss @ 389.28 Details

If 390.19 begins to break higher, the technical summary data tells us to buy ELV just slightly over 390.19, with an upside target of 392.75. The data also tells us to set a stop loss @ 389.28 in case the stock turns against the trade. 390.19 is the first level of resistance above 389.25, and by rule, any break above resistance is a buy signal. In this case, 390.19, 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 390.19, target 384.11, Stop Loss @ 391.1. Details

The technical summary data is suggesting a short of ELV if it tests 390.19 with a downside target of 384.11. We should have a stop loss in place at 391.1 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, 390.19, 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.

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

ELV Ratings for February 16:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	351.05
P2	384.11	382.79	402.83
P3	390.19	392.75	456.38

AI Generated Signals for ELV

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