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Takip Edin: @UscMarketsELV Stock Forecast & Elevance Health Chart Analysis
This article provides a detailed analysis of ELV-Elevance Health stock including a forecast for ELV shares. It features Elevance Health, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
ELV Historical Data Review
ELV Current Price Performance Analysis
The Elevance Health - ELV stock traded on the American stock market, on 06-05-2024, closed at 540.01$ with a %-0.08 decreased compared to the previous day.
In the last month, the price of ELV changed by %1.90 increased in value, from 529.93 dollars on 05-06-2024 to 540.01 dollars, increased.
Last year, the price of ELV was 464.6 dollars on 06-06-2023, and changed by %16.23 increased in value, to 540.01 dollars increased within a year.
The price of Elevance Health stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
ELV with AI Stock Forecast & Price Target
On the ELV chart Elevance Health price was recorded as 540.01 Dollars on 06/05/2024.
The artificial intelligence's forecast on ELV stock is as follows.
The artificial intelligence's prediction error margin for ELV stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Elevance Health stock over the next 4 months is: 487.2 Dollars.
The commentary on ELV stock Target Price: Highest: 528.32 Dollars is predicted.
The commentary on ELV stock Target Price: Lowest: 471.751 Dollars is predicted.
Resistance Price where Elevance Health stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 506.424 |
| 11-12-2024 | 484.464 |
| 01-06-2025 | 476.797 |
| 03-12-2025 | 493.738 |
Support Price where Elevance Health stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 471.751 |
| 10-23-2024 | 477.429 |
| 12-17-2024 | 472.766 |
| 01-31-2025 | 472.876 |
| 03-27-2025 | 489.014 |
The commentary on ELV stock: Fluctuations in the target price can be expected in the coming days.
The target price for Elevance Health stock by the end of 2024 is predicted to be 474.499 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on ELV stock, and the 2024 target price predictions for Elevance Health are detailed above.
The technical analysis and charts for the commentary on ELV stock are below.
ELV Support & Resistance and Trend Analysis
ELV stock you have reviewed the technical analysis support resistance charts regarding.
ELV : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the ELV review, the Elevance Health support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Elevance Health Support and Resistance Prices:
| ELV Support Level Price | ELV Resistance Level Price |
|---|---|
| 449.02 | 488.73 |
| 459.05 | 489.00 |
| 491.18 | 516.61 |
| 492.06 | 521.18 |
| 493.64 | 539.11 |
| 494.31 | 542.07 |
| 518.90 | 550.34 |
ELV Technical Analysis: SMA, RSI, MACD
Upon reviewing the ELV chart, buy and sell signals have been generated in the Elevance Health technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for ELV stock are as follows:- ELV technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Elevance Health gave a 'Buy' signal when the RSI was at 29.062, with the current RSI value at 50.01.
- The technical analysis for Elevance Health indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Elevance Health stock: Click here to read more predictions on Deutsche Telekom AG stock.
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