Elevance Health Inc. (ELV) Stock Price & Analysis
Market: NYSE • Sector: Healthcare • Industry: Medical - Healthcare Plans
Elevance Health Inc. (ELV) Profile & Business Summary
Elevance Health Inc. operates as a health benefits company. It supports consumers, families, and communities across the entire care journey connecting to the care, support, and resources to lead healthier lives. It serves approximately 118 million people through a portfolio of medical, digital, pharmacy, behavioral, clinical, and care solutions. The company was formerly known as Anthem, Inc. and changed its name to Elevance Health Inc. in June 2022. Elevance Health Inc. was founded in 1944 and is headquartered in Indianapolis, Indiana.
Key Information
| Ticker | ELV |
|---|---|
| Exchange | NYSE |
| Official Site | https://www.elevancehealth.com |
Market Trend Overview for ELV
One model, two time views: what the market looks like right now, and where the larger trend is heading over time.
SRE (WhaleQuant Structural Regime Engine) SRE evaluates how price structure evolves across daily and weekly timeframes to define the prevailing market regime. Beyond identifying trends, consolidations, and exhaustion phases, it distinguishes between raw structural strength and deployable participation quality. The model dynamically adjusts for structural context and extension risk, assessing whether conditions are supportive, stretched, fragile, or structurally impaired. Its purpose is not to forecast precise price levels, but to determine whether risk deployment is aligned with underlying market structure.
Longer-Term Market Trend (Mid to Long Term)
Shows the bigger market trend, how strong it is, and where risks may start to build over the next few weeks or months. — Updated as of 2026-10-13 (ET)
As of 2026-10-13, ELV is in a strong upward move. Over the longer term, the trend remains bullish.
ELV last closed at 425.27. The price is about 2.3 ATR above its recent average price (398.87), and the market is currently in a strong upward move. Price at 425.27 is holding above minor support near 391.40. If price continues higher, it may face minor resistance around 427.19. View Support & Resistance from Options
The trend is still positive, but signs of slowing momentum suggest growing two-sided risk.
Trend score: 95 out of 100. Overall alignment is strong. The market is currently in a strong and established uptrend. Trend signals are well aligned across timeframes, suggesting a stable and consistent trend.
Price is stretched well above its recent average (about 2.3 ATR). Upside extension is elevated, and chasing strength here carries a higher pullback risk.
A key downside risk boundary is near 376.57. If price falls below this area, the current structure would likely weaken further.
A systematic trend-activation signal was most recently triggered on 2026-10-09, reflecting a technical shift toward positive directional alignment.
[2026-10-13] Trading activity picked up, but price progress remained limited.Bearish signal near resistance (0.18 ATR away). Reversal risk is higher.
Recent price action shows orderly upward progression with no major deterioration in bar-level efficiency. Structural conditions remain broadly constructive.
There was no clear sign of meaningful positions being carried into the overnight session.
The model does not deploy the setup because the current position looks stretched and more vulnerable to pullback or digestion.
The model does not deploy this setup because pullback risk is 56%, recent price behavior has shown failed reversal memory, and the setup already looks stretched. Predictability is 53%, agreement is 93%, and reversal risk is 28%.
NOTE: This next-day up/down probability forecast module is still being tested for accuracy. Please do not rely on it for investment decisions. The model does not account for black swan events or company-specific fundamental news, and its estimates are based solely on technical conditions, capital flow, and market sentiment. View forecast history
This estimate uses 1-minute price, volume, and VWAP data from the last 58 trading days, with turnover-based decay. The sample period is 2026-07-23 to 2026-10-13. The current price is 425.27, 6.15% above the estimated average cost of 400.63. An estimated 97.7% of recent positioning is below the current price, while 1.8% is above it. The peak-density price is 401.40. The largest concentrated cost region is 390.10 to 404.30 and contains 44.3% of the estimated distribution. The current price is within the 424.30 to 425.50 cost region. The nearest region below the current price is 421.70 to 422.30.
Short Interest & Covering Risk for ELV
This analysis looks at overall short interest positioning, focusing on the broader setup rather than short-term noise.
Shows how likely a short squeeze may be under current market conditions.
Short Exposure Percentile
Short interest is above its usual range, suggesting rising pressure on short positions, though not yet extreme. (Historical percentile: 62%)
Structure Analysis
ELV Short positioning looks normal. Current days to cover is 3.9 trading days, meaning short positions could unwind at a normal pace. Short covering is likely to have a normal impact on price moves. No meaningful structural fragility is currently detected (Fragility Score 0/100, DTC percentile 72%) as price consolidates near recent highs (20D return 1.9%).
Risk Summary
No clear bull trap characteristics detected. Recent price behavior remains broadly consistent with current positioning.This reading helps confirm that current price action remains structurally healthy and does not indicate elevated trap risk.
Why Price Reactions May Be Stronger?
Adaptive thresholds applied to liquidity weakness, near-high detection, and compression sensitivity. As a result, similar news or market events could lead to price moves about 1× larger than usual.
Note:
Short interest data is reported every two weeks by
FINRA.
The most recent snapshot is
2026-09-30 (ET).
Because this data updates slowly, it is not intended to predict short-term price moves. Instead, it helps describe longer-term market structure and where pressure may be building if prices begin to move.