Learn to Evaluate (ELV) using the Charts

Longer Term Trading Plans for ELV

• Buy ELV near 359.78 target 412.04 stop loss @ 358.74 Details

The technical summary data tells us to buy ELV near 359.78 with an upside target of 412.04. This data also tells us to set a stop loss @ 358.74 to protect against excessive loss in case the stock begins to move against the trade. 359.78 is the first level of support below 375.15 , and by rule, any test of support is a buy signal. In this case, support 359.78 is being tested, a buy signal would exist.

• Short ELV slightly under 412.04, target 359.78, stop loss @ 413.23 Details

The technical summary data is suggesting a short of ELV as it gets near 412.04 with a downside target of 359.78. We should have a stop loss in place at 413.23though. 412.04 is the first level of resistance above 375.15, and by rule, any test of resistance is a short signal. In this case, if resistance 412.04 is being tested, a short signal would exist.

Swing Trading Plans for ELV

• Buy ELV slightly over 377.14, target 412.04, Stop Loss @ 376.05 Details

If 377.14 begins to break higher, the technical summary data tells us to buy ELV just slightly over 377.14, with an upside target of 412.04. The data also tells us to set a stop loss @ 376.05 in case the stock turns against the trade. 377.14 is the first level of resistance above 375.15, and by rule, any break above resistance is a buy signal. In this case, 377.14, 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 377.14, target 368.71, Stop Loss @ 378.23. Details

The technical summary data is suggesting a short of ELV if it tests 377.14 with a downside target of 368.71. We should have a stop loss in place at 378.23 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, 377.14, 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 377.14, target 412.04, Stop Loss @ 376.26 Details

If 377.14 begins to break higher, the technical summary data tells us to buy ELV just slightly over 377.14, with an upside target of 412.04. The data also tells us to set a stop loss @ 376.26 in case the stock turns against the trade. 377.14 is the first level of resistance above 375.15, and by rule, any break above resistance is a buy signal. In this case, 377.14, 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 377.14, target 373.88, Stop Loss @ 378.02. Details

The technical summary data is suggesting a short of ELV if it tests 377.14 with a downside target of 373.88. We should have a stop loss in place at 378.02 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, 377.14, 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 24:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	308.91
P2	370.17	368.71	359.78
P3	373.88	377.14	412.04

AI Generated Signals for ELV

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