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ELEVANCE HEALTH

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ELV - capitalizing on misses from UNH and HUMNYSE:ELV had a great earnings, beating on top and bottom line estimates and following through with a 10% dividend increase. This comes as NYSE:UNH and NYSE:HUM each disappoint and lower guidance. ELV has put in a strong consolidation after retracing from 2022 highs. Using a fib fan from the 2022 all time high to the April 2023 high, and another from the September 2020 low to the September 2022 low give us an idea of the support and resistance areas that we can expect. At the beginning of 2023 we can see a breakdown of the sentiment cycle that leads into a year long consolidation. Taking a fib retrace from this timeframe to the July 2023 low identifies ~573 as a 1.618 target, which is very close to consensus 12 month price targets and aligns to the top of the next fib fan. However, be aware that we could expect resistance anywhere in the blue area overhead when price begins to match prior highs.
NYSE:ELVLong
by Ben_1148x2
ELV - 12.41% Potential Profit - Swing Trading SetupGood risk / reward ratio on this trade. Ascending Triangle. - Target Entry: $485.50 - Stop Loss: $474.67 - Target Exit Conservative: $520.50 - Target Exit Aggressive: $545.52 - Risk / Reward Ratio: 3.23 / 5.54 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss - When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid the initial spikes/drops that get me into a position and out right after.
NYSE:ELVLong
by maschera
ELV | Informative 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 Target Price 1 at $450.10. Should this level be breached, the subsequent target to keep an eye on would be Target Price 2 at $440.76.
NYSE:ELV
by shkspr
ELV (formerly Anthem Healthcare) weekly, hybrid swing/longELV (formerly Anthem Healthcare) Bottom to bottom cycles running around 15 bars, or 105 days. Up cycle running approximately 5 bars or 33 days for 77 to 79 points. Strategy: ELV is under declining 52 week EMA, and under the Ichy cloud. Nevertheless, excellent fundamentals make this a good swing candidate convertible to a potential long hold. I would hope for a .618 fib pullback (a la Gartley) around mid to late October to around 404.94. In addition to being a key fib area, there is a pivot support and low volume node profile. I would count on a swing of approximately 35 days (or 5 weekly bars) and set a target of 77 points. 404.94 + 77 = 481.94, or 19%. At the target you are entering a resistance area which will be the cloud and the 52 week EMA, so you can tighten stops, scale out, sell out, or sell partial and hold long partial. I don't see much if any downside at the .618 level, so an entry around there would be ideal. free cash flow yield 10.2 % (bargain) 54.2% upside (Finbox Models) Piotroski Score 8 (excellent) consistent earnings beats PEG ratio 0.96 (excellent) ROE 17.43 % (fair)
NYSE:ELV
by UnknownUnicorn13101
A tight stop for Elevance Health Required 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 position. Chart Requirements - A retest of RSI resistance line preferred - Ideal levels outlined on chart - If entering here, please place a tight stop loss as there is a more ideal entry lower
NYSE:ELV
by PukaCharts
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