Elevance Health (ELV) Technical Analysis

Technical Analysis of Elevance Health, Inc. (ELV) provides insights into the stock's price movements based on various indicators. The Relative Strength Index (RSI) is a popular indicator that measures the speed and change of price movements. It helps identify overbought and oversold conditions. When the RSI is above 70, it may indicate that the stock is overbought and due for a correction. Conversely, an RSI below 30 suggests oversold conditions. The Average Directional Index (ADX) measures the strength of a stock trend and can help determine whether a stock is trending or moving sideways. A higher ADX value indicates a stronger trend.

The Moving Average Convergence Divergence (MACD) is a popular trend-following momentum indicator. It calculates the difference between two moving averages to signal bullish or bearish trends. A positive MACD indicates a bullish trend, while a negative MACD suggests a bearish trend. The Rate of Change (ROC) measures the percentage change in price over a specified period. It can help identify trends and potential reversals. The Stochastic RSI (STOCHRSI) combines the RSI and Stochastic indicators to provide more accurate signals. It helps identify overbought and oversold conditions as well as potential trend reversals. The Williams %R (WILLR) is another momentum indicator that helps identify overbought and oversold conditions.