Elevance Health Stock Technical Analysis
| ELV Stock | USD 427.60 0.41 0.1% |
As of the 24th of March, Elevance Health shows the Downside Deviation of 1.49, mean deviation of 1.23, and Coefficient Of Variation of 833.15. Elevance Health technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Elevance Health variance, as well as the relationship between the value at risk and skewness to decide if Elevance Health is priced favorably, providing market reflects its regular price of 427.6 per share. Given that Elevance Health has jensen alpha of 0.2109, we urge you to verify Elevance Health's prevailing market performance to make sure the company can sustain itself at a future point.
Elevance Health Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Elevance, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ElevanceElevance |
Elevance Health Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 500.87 | Strong Buy | 22 | Odds |
Most Elevance analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Elevance stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Elevance Health, talking to its executives and customers, or listening to Elevance conference calls.
Elevance Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Elevance Health Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Elevance Health volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Elevance Health Trend Analysis
Use this graph to draw trend lines for Elevance Health. You can use it to identify possible trend reversals for Elevance Health as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Elevance Health price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Elevance Health Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Elevance Health applied against its price change over selected period. The best fit line has a slop of 0.81 , which may imply that Elevance Health will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 24751.76, which is the sum of squared deviations for the predicted Elevance Health price change compared to its average price change.About Elevance Health Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Elevance Health on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Elevance Health based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Elevance Health price pattern first instead of the macroeconomic environment surrounding Elevance Health. By analyzing Elevance Health's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Elevance Health's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Elevance Health specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 (projected) | Dividend Yield | 0.009769 | 0.009983 | Price To Sales Ratio | 0.82 | 0.79 |
Elevance Health March 24, 2025 Technical Indicators
Most technical analysis of Elevance help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Elevance from various momentum indicators to cycle indicators. When you analyze Elevance charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1109 | |||
| Market Risk Adjusted Performance | 0.4113 | |||
| Mean Deviation | 1.23 | |||
| Semi Deviation | 1.25 | |||
| Downside Deviation | 1.49 | |||
| Coefficient Of Variation | 833.15 | |||
| Standard Deviation | 1.59 | |||
| Variance | 2.52 | |||
| Information Ratio | 0.1561 | |||
| Jensen Alpha | 0.2109 | |||
| Total Risk Alpha | 0.3012 | |||
| Sortino Ratio | 0.1668 | |||
| Treynor Ratio | 0.4013 | |||
| Maximum Drawdown | 8.26 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.72 | |||
| Downside Variance | 2.21 | |||
| Semi Variance | 1.57 | |||
| Expected Short fall | (1.29) | |||
| Skewness | 0.2062 | |||
| Kurtosis | 0.3465 |
Elevance Health March 24, 2025 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Elevance stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.03 | ||
| Daily Balance Of Power | 0.04 | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 430.65 | ||
| Day Typical Price | 429.63 | ||
| Price Action Indicator | (2.84) | ||
| Market Facilitation Index | 11.36 |
Additional Tools for Elevance Stock Analysis
When running Elevance Health's price analysis, check to measure Elevance Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.