(ELV) Investment Analysis

February 05, 2025, 14:32 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ELV

• Buy ELV near 356.53 target 409.04 stop loss @ 355.5 Details

The technical summary data tells us to buy ELV near 356.53 with an upside target of 409.04. This data also tells us to set a stop loss @ 355.5 to protect against excessive loss in case the stock begins to move against the trade. 356.53 is the first level of support below 400.83 , and by rule, any test of support is a buy signal. In this case, support 356.53 would be being tested, so a buy signal would exist.

• Short ELV slightly under 409.04, target 356.53, stop loss @ 410.22 Details

The technical summary data is suggesting a short of ELV as it gets near 409.04 with a downside target of 356.53. We should have a stop loss in place at 410.22though. 409.04 is the first level of resistance above 400.83, and by rule, any test of resistance is a short signal. In this case, if resistance 409.04 is being tested, so a short signal would exist.

Swing Trading Plans for ELV

• Buy ELV slightly over 409.04, target 414.44, Stop Loss @ 407.86 Details

If 409.04 begins to break higher, the technical summary data tells us to buy ELV just slightly over 409.04, with an upside target of 414.44. The data also tells us to set a stop loss @ 407.86 in case the stock turns against the trade. 409.04 is the first level of resistance above 400.83, and by rule, any break above resistance is a buy signal. In this case, 409.04, 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 409.04, target 400.08, Stop Loss @ 410.22. Details

The technical summary data is suggesting a short of ELV if it tests 409.04 with a downside target of 400.08. We should have a stop loss in place at 410.22 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, 409.04, 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 407.81, target 409.04, Stop Loss @ 406.86 Details

If 407.81 begins to break higher, the technical summary data tells us to buy ELV just slightly over 407.81, with an upside target of 409.04. The data also tells us to set a stop loss @ 406.86 in case the stock turns against the trade. 407.81 is the first level of resistance above 400.83, and by rule, any break above resistance is a buy signal. In this case, 407.81, 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 407.81, target 400.62, Stop Loss @ 408.76. Details

The technical summary data is suggesting a short of ELV if it tests 407.81 with a downside target of 400.62. We should have a stop loss in place at 408.76 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, 407.81, 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 05:

AI Generated Signals for ELV

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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.

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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.