ELV (Elevance Health) – Catching the Knife or Catching Value?Elevance (ELV) just took a 12% hit after Q2 earnings missed estimates and full-year guidance was cut significantly. But here's the thing—the selloff may be overdone. The stock now trades at a forward P/E of ~10, well below industry peers, and is approaching multi-year support levels.
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Elevance Health, Inc. Unsponsored Brazilian Depositary Receipt Repr 0.2 Sh
No trades
12,490.323
0.028 BRL
32.24 B BRL
953.17 B BRL
About Elevance Health, Inc.
Sector
Industry
CEO
Gail Koziara Boudreaux
Website
Headquarters
Indianapolis
Founded
1944
ISIN
BRE1LVBDR002
FIGI
BBG00R4Z5100
Elevance Health, Inc. operates as a health company, which engages in improving lives and communities, and making healthcare simpler. It operates through the following segments: Health Benefits, CarelonRx, Carelon Services, and Corporate and Other. The Health Benefits segment offers a comprehensive suite of health plans and services to different customers. The CarelonRx segment markets and offers pharmacy services to affiliated health plan customers, as well as to external customers. The Carelon Services segment integrates physical, behavioral, pharmacy, and social services with the aim of delivering whole health affordably by offering a broad array of healthcare related services. The Corporate & Other segment includes businesses that do not individually meet the quantitative threshold for an operating segment. The company was founded in 1944 and is headquartered in Indianapolis, IN.
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Elevance Health (ELV) – Trendline Reversal and Breakout SetupElevance Health ( NYSE:ELV ) is pushing higher along a rising trendline and is now testing a critical resistance zone around $340.67. A breakout above this level would signal a bullish reversal, with upside potential toward $402 (~18% move).
Entry trigger: Breakout above $340.67 with confirmation.
Elevance is losing the long term trendlineLosing such a large trendline is always a bad signal for a company.
The price can easily fall from 15 to 25% in the upcoming weeks or months, take care with this stock unless you are shorting.
This is especially significant while we are seeing Indexs, BTC and more doing new all time highs.
A SL
Potential 33% gain in ELVELV has a potential for a reversal for potentially 33% gain.
Using the Data Distribution with Extreme Clusters custom indicator, we can see that the stock is overextended on both the 5D chart (longer term) and 1D (shorter term) chart.
The last weekly bar ended up on a very high volume. Looking a
Support Levels approaching$250 could potentially be a good opportunity to pick up Elevance. We are moving towards that level and I will be patient here as the downtrend is strong. The stock is representing deep value here and insiders agree as the CEO is been acquiring shares.
The stock has dropped 50% since it's recent hi
Elevance Health | ELV | Long at $286.00What are seeing in the healthcare and health insurance provider industry right now is destruction before a once-in-a-lifetime boom. The baby boomer generation is between 60 and 79 right now and the amount of healthcare service that will be needed to serve that population is staggering. Institutions
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Summarizing what the indicators are suggesting.
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Neutral
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Neutral
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Summary
Neutral
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Strong sellStrong buy
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Neutral
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Strong sellStrong buy
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Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
ANTM5923067
Elevance Health, Inc. 5.85% 01-NOV-2064Yield to maturity
5.97%
Maturity date
Nov 1, 2064
ANTM5923066
Elevance Health, Inc. 5.7% 15-FEB-2055Yield to maturity
5.88%
Maturity date
Feb 15, 2055
ANTM5815444
Elevance Health, Inc. 5.65% 15-JUN-2054Yield to maturity
5.86%
Maturity date
Jun 15, 2054
ELVH5534305
Elevance Health, Inc. 5.125% 15-FEB-2053Yield to maturity
5.84%
Maturity date
Feb 15, 2053
ANTM5495609
Elevance Health, Inc. 6.1% 15-OCT-2052Yield to maturity
5.84%
Maturity date
Oct 15, 2052
ANTM4153492
Elevance Health, Inc. 4.85% 15-AUG-2054Yield to maturity
5.84%
Maturity date
Aug 15, 2054
ANTM6169846
Elevance Health, Inc. 5.7% 15-SEP-2055Yield to maturity
5.83%
Maturity date
Sep 15, 2055
US36752AS2
Elevance Health, Inc. 3.6% 15-MAR-2051Yield to maturity
5.81%
Maturity date
Mar 15, 2051
ANTM4880736
Elevance Health, Inc. 3.7% 15-SEP-2049Yield to maturity
5.79%
Maturity date
Sep 15, 2049
AE1J
Elevance Health, Inc. 4.375% 01-DEC-2047Yield to maturity
5.76%
Maturity date
Dec 1, 2047
ANTM5405192
Elevance Health, Inc. 4.55% 15-MAY-2052Yield to maturity
5.75%
Maturity date
May 15, 2052
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