(ELV) Technical Pivots with Risk Controls

February 16, 2025, 11:44 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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:

AI Generated Signals for ELV

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The technical pivots for Elevance Health Inc. (NYSE: ELV) help you determine how to trade, when to buy, when to sell, and how to control risk.

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.