Elevance Health (ELV) Chart Patterns, Support & Resistance & Technical Analysis
Auto-detected technical analysis for ELV · data as of Jun 25, 2026. The chart above is live; the read below updates daily.
$387.32last close · Jun 25, 2026
ELV Falling Wedge Pattern
No chart pattern is currently detected on ELV. The most recent was a Falling Wedge, detected Jun 26, 2025.
A Falling Wedge is a brief, tidy pause that typically continues the move higher. It projects a measured-move target near $410.42 (+9.4%). Across 13,048 backtested falling wedges, the setup followed through 53.9% of the time, averaging +0.38R; ELV's own falling wedges have hit 57.1%.
ELV's most recent completed Falling Wedge resolved as a loss: it broke higher on Jun 27, 2025 near $381.49, then was stopped out at $350.25 on Jul 2, 2025 — a -2.67R move (8.2%) over 3 sessions. Across 79 backtested falling wedges, this setup wins 53.2% of the time.
OutcomeLossResult-2.67REntry$381.49Exit$350.25
How Falling Wedges have performed
Win rate
53.9%
Avg return
+0.38R
Backtested trades
13,048
ELV win rate
57.1%
Historical pattern statistics (1986-12-19 – 2026-06-10), not a prediction.
ELV support and resistance levels
Price is being turned away at a ceiling near $403.55 and starting to slide. On the weekly chart, the next floor below sits near $368.86 — about 6% away.
Traders commonly watch $368.86 as a target (its 38.2% retracement) — think of it as a sensible next stop, not a guarantee.
That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
Nothing here is a signal to act — the short would have set up at the $403.55 ceiling just now, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh entry.
Nearest auto-detected support sits near $381.00, resistance near $409.39. These are chart/swing-derived levels, not formula pivots.
No pattern is currently detected on ELV. The most recent was a Falling Wedge, detected Jun 26, 2025.
Is a Falling Wedge bullish or bearish?
The Falling Wedge detected on ELV is a bullish pattern, projecting a measured-move target of $410.42. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Falling Wedge pattern, and what is its win rate?
Across TradingPal's backtest of the Falling Wedge family (13,048 trades over 516 symbols), it resolved in the expected direction 53.9% of the time with an average of +0.38R. These are historical statistics, not a prediction.
What are the support and resistance levels for ELV?
Based on auto-detected, swing-derived levels (as of Jun 25, 2026), ELV's nearest support is around $381.00 and nearest resistance around $409.39.
What is the price target if ELV's pattern breaks out?
The detected Falling Wedge has a geometry-based measured-move target of $410.42 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was ELV's closing price on Jun 25, 2026?
Elevance Health (ELV) last closed at $387.32 on Jun 25, 2026. For the live quote, see the chart above or a real-time quote provider.
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.
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