+Compare
ELV
Stock ticker: NYSE
AS OF
Loading...
Price
Loading...
Change
Loading...
Capitalization
112.17B

ELV Elevance Health Forecast, Technical & Fundamental Analysis

a provider of life, hospital and medical insurance plans

Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for ELV with price predictions
07:00 PM EST Nov 30, 2023

ELV in upward trend: price rose above 50-day moving average on November 02, 2023

ELV moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend. In of 45 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2023. You may want to consider a long position or call options on ELV as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ELV just turned positive on November 07, 2023. Looking at past instances where ELV's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ELV advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 232 cases where ELV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for ELV moved out of overbought territory on November 28, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ELV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ELV broke above its upper Bollinger Band on November 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.908) is normal, around the industry mean (2.984). P/E Ratio (18.519) is within average values for comparable stocks, (17.593). Projected Growth (PEG Ratio) (0.989) is also within normal values, averaging (0.896). Dividend Yield (0.012) settles around the average of (0.019) among similar stocks. P/S Ratio (0.673) is also within normal values, averaging (0.709).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ELV’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Unitedhealth Group (NYSE:UNH), Elevance Health (NYSE:ELV), CVS HEALTH Corp (NYSE:CVS), Cigna Group (The) (NYSE:CI), Humana (NYSE:HUM), Centene Corp (NYSE:CNC).

Industry description

Managed healthcare industry focuses on providing health/medical and disability insurance plans, generally intended to reduce the cost of for-profit health care. The insurance products might be provided through employer-paid (fully or partly) insurance and benefit programs, or through Medicare/Medicaid. Some of the largest providers of managed health care include Aetna, Humana Inc., and Cigna, and UnitedHealthcare.

Market Cap

The average market capitalization across the Managed Health Care Industry is 61.62B. The market cap for tickers in the group ranges from 3.42M to 511.46B. UNH holds the highest valuation in this group at 511.46B. The lowest valued company is HRAA at 3.42M.

High and low price notable news

The average weekly price growth across all stocks in the Managed Health Care Industry was -4%. For the same Industry, the average monthly price growth was 24%, and the average quarterly price growth was -1%. PFHO experienced the highest price growth at 6%, while MRAI experienced the biggest fall at -29%.

Volume

The average weekly volume growth across all stocks in the Managed Health Care Industry was 246%. For the same stocks of the Industry, the average monthly volume growth was -1% and the average quarterly volume growth was 22%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 38
P/E Growth Rating: 73
Price Growth Rating: 48
SMR Rating: 84
Profit Risk Rating: 71
Seasonality Score: -12 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
Ad is loading...
A.I. Advisor
published Earnings

ELV is expected to report earnings to fall 37.37% to $5.63 per share on January 31

Elevance Health ELV Stock Earnings Reports
Q4'23
Est.
$5.63
Q3'23
Beat
by $0.54
Q2'23
Beat
by $0.25
Q1'23
Beat
by $0.15
Q4'22
Beat
by $0.03
The last earnings report on October 18 showed earnings per share of $8.99, beating the estimate of $8.45. With 1.36M shares outstanding, the current market capitalization sits at 112.17B.
A.I.Advisor
published Dividends

ELV is expected to pay dividends on December 21, 2023

Elevance Health ELV Stock Dividends
A dividend of $1.48 per share will be paid with a record date of December 21, 2023, and an ex-dividend date of December 05, 2023. The last dividend of $1.48 was paid on September 22. Read more...
A.I. Advisor
published General Information

General Information

a provider of life, hospital and medical insurance plans

Industry ManagedHealthCare

Profile
Fundamentals
Details
Industry
Managed Health Care
Address
220 Virginia Avenue
Phone
+1 833 401-1577
Employees
102300
Web
https://www.elevancehealth.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
STOCK / NAMEPrice $Chg $Chg %
TREE19.762.06
+11.64%
LendingTree
FVRR27.331.24
+4.75%
Fiverr International Ltd
CPIX1.680.04
+2.44%
Cumberland Pharmaceuticals
HHH75.121.61
+2.19%
Howard Hughes Holdings
LHX194.693.88
+2.03%
L3Harris Technologies

ELV and

Correlation & Price change

A.I.dvisor indicates that over the last year, ELV has been closely correlated with UNH. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if ELV jumps, then UNH could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ELV
1D Price
Change %
ELV100%
+0.76%
UNH - ELV
80%
Closely correlated
-0.71%
HUM - ELV
73%
Closely correlated
+2.13%
MOH - ELV
72%
Closely correlated
-0.77%
CI - ELV
72%
Closely correlated
+2.34%
CNC - ELV
68%
Closely correlated
+1.63%
More

Groups containing ELV

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ELV
1D Price
Change %
ELV100%
+0.76%
ELV
(undefined stocks)
92%
Closely correlated
+0.90%
managed healthcare
(undefined stocks)
92%
Closely correlated
+0.90%
Managed Health Care
(undefined stocks)
92%
Closely correlated
-1.30%
health insurance
(undefined stocks)
87%
Closely correlated
+1.29%
Health Services
(undefined stocks)
76%
Closely correlated
+1.07%
More