Elevance Health(ELV)

Elevance Health (ELV) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for ELV · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$389.09last close · Jul 22, 202652-week range $273.71 – $436.24 · 10.81% below the high

ELV Rising Wedge Pattern

ELV is currently forming a rising wedge on the daily timeframe. Detected Jul 22, 2026.

A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $341.67 (−9.0%). Across 10,660 backtested rising wedges, the setup followed through 50.4% of the time, averaging +0.20R; ELV's own rising wedges have hit 50.0%.

DirectionBearishTarget$341.67Projected move−9.0%Breakout level$371.80

New to this pattern? What a rising wedge is and how to trade it →

ELV's Most Recent Rising Wedge Trade

ELV's most recent completed rising wedge resolved as a win: it broke down on Jan 23, 2026 near $367.00, then reached its target at $341.67 on Jan 27, 2026 — a 6.9% move (+2.21R) over 2 sessions. Across 72 backtested rising wedges, this setup wins 56.9% of the time.

OutcomeWinResult+6.9%R+2.21REntry$367.00Exit$341.67

Learn about rising wedge

How Rising Wedges Have Performed

Win rate

50.4%

Avg return

+0.20R

Backtested trades

10,660

ELV win rate

50.0%

Historical pattern statistics (1987-01-30 – 2026-07-13), not a prediction.

How these backtests work →

ELV Pattern Trade History

Every completed pattern trade our nightly backtest found on ELV's daily chart, newest first — wins and losses alike.

Pattern	Entry	Exit	Outcome	Result
Rising Wedge	Jan 23, 2026 @ $367.00	Jan 27, 2026 @ $341.67	Win	+9.0% · +2.21R
Triangle	Oct 1, 2025 @ $328.42	Oct 14, 2025 @ $350.48	Win	+10.4% · +0.92R
Falling Wedge	Jun 26, 2025 @ $378.74	Jul 2, 2025 @ $350.25	Loss	+9.4% · -3.19R
Triangle	Jun 18, 2025 @ $373.34	Jul 1, 2025 @ $395.76	Loss	+13.8% · -1.07R
Rising Wedge	Mar 25, 2024 @ $512.60	Mar 26, 2024 @ $517.24	Loss	+9.2% · -1.16R
Triangle	Jan 30, 2024 @ $489.75	Feb 26, 2024 @ $506.55	Win	+6.2% · +0.59R
Rising Wedge	Dec 14, 2023 @ $477.62	Dec 20, 2023 @ $460.47	Win	+4.6% · +1.51R
Triangle	Aug 16, 2023 @ $467.79	Nov 22, 2023 @ $479.97	Loss	+15.1% · -1.39R
Falling Wedge	May 19, 2023 @ $457.72	May 30, 2023 @ $441.73	Loss	+9.5% · -1.14R
Falling Wedge	Apr 3, 2023 @ $467.49	Apr 17, 2023 @ $484.27	Win	+4.5% · +0.62R
Triangle	Feb 27, 2023 @ $474.92	Mar 24, 2023 @ $440.33	Win	+7.9% · +1.29R
Triangle	Jan 3, 2023 @ $500.51	Jul 12, 2023 @ $425.88	Win	+16.7% · +3.50R

Rising Wedge Examples on Other Charts

Historical examples from the published simulation. This selection is not a win-rate sample.

Open LIN’s live chart →

EWEdwards Lifesciences

Losing trade · −7.5%

Opened Jun 30, 2026

Closed Jul 20, 2026

Open EW’s live chart →

Open SPGI’s live chart →

BROBrown & Brown

Winning trade · +6.9%

Opened Jun 26, 2026

Closed Jul 15, 2026

Open BRO’s live chart →

Learn about rising wedge

ELV Support and Resistance Levels

Price is being turned away at a ceiling near $397.89 and starting to slide. On the weekly chart, the next floor below sits near $274.84 — about 29% away.

Traders commonly watch $274.84 as a target (its 100% 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.
There's nothing to act on yet — the spot to watch is right at the $397.89 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

ELV Recent Daily Prices

Date	Open	High	Low	Close
Jul 22, 2026	$392.80	$396.00	$386.93	$389.09
Jul 21, 2026	$386.09	$393.87	$378.07	$393.44
Jul 20, 2026	$376.42	$388.60	$374.46	$382.23
Jul 17, 2026	$371.70	$377.76	$365.38	$373.11
Jul 16, 2026	$394.40	$396.05	$370.00	$372.85
Jul 15, 2026	$392.78	$395.86	$376.16	$390.33
Jul 14, 2026	$436.24	$436.24	$422.32	$426.79
Jul 13, 2026	$422.46	$426.47	$419.62	$425.17
Jul 10, 2026	$420.08	$422.07	$415.49	$416.23
Jul 9, 2026	$415.76	$427.64	$415.76	$420.39

ELV Frequently Asked Questions

What chart pattern is ELV forming right now?

As of Jul 22, 2026, TradingPal's detector identifies a rising wedge on Elevance Health (ELV) on the daily chart, with a measured-move target of $341.67.

Is a rising wedge bullish or bearish?

The rising wedge detected on ELV is a bearish pattern, projecting a measured-move target of $341.67. See its full backtested track record above — that's the real edge, not the textbook label.

How reliable is a rising wedge pattern, and what is its win rate?

Across TradingPal's backtest of the rising wedge family (10,660 trades over 628 symbols), it resolved in the expected direction 50.4% of the time with an average of +0.20R. These are historical statistics, not a prediction.

What is the price target if ELV's pattern breaks out?

The detected rising wedge has a geometry-based measured-move target of $341.67 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was ELV's closing price on Jul 22, 2026?

Elevance Health (ELV) last closed at $389.09 on Jul 22, 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.