NYSE:ELV If the stock price manages to surpass the bullish line, which is positioned around $469.79, the main target on the bullish side to monitor would be Target Price 1 at $480.96. On the other hand, if the stock price breaks below the bearish line, set at $458.39, there are several potential downside targets. The first target on the bearish side would be...
Analyzing the options chain and the chart patterns of ELV Elevance Health prior to the earnings report this week, I would consider purchasing the 450usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $4.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
Elevance Health Inc. (ELV) approaching significant overhead resistance, able to absorb monthly buying pressures. From here, (ELV) can reject and fall lower to channel support, eliciting losses of 15% - 20% over the following 2 - 3 months. Inversely, a weekly settlement above resistance would place (ELV) into a buy-signal where gains of 15% - 20% would be...
Elevance Health NYSE:ELV - Long term positioning Positive earnings are causing a pump in price but be careful here though. Earnings positive since April 2020, why the pump? If i was entering a long term position here i would be waiting for the bottom of the parallel channel and RSI resistance line or at least harboring some cash on the side and splitting my...
ELV daily all time high indecision pressure building if break below will do ABC correction.