Elevance HealthELV
Auto-detected technical analysis for ELV · data as of Sep 3, 2026. The chart above is live; the read below updates daily.
ELV is currently forming a rising wedge on the daily timeframe. Detected Sep 3, 2026.
A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $340.73 (−9.0%).
New to this pattern? What a rising wedge is and how to trade it →
ELV's most recent completed rising wedge (which broke against type) resolved as a loss: it broke higher on Sep 10, 2026 near $420.24, then was stopped out at $410.31 on Sep 21, 2026 — a 2.4% move (-0.34R) over 7 sessions. Across 151,040 backtested rising wedges, this setup wins 37.9% of the time.
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 | Sep 10, 2026 @ $420.24 | Sep 21, 2026 @ $410.31 | Loss | +1.6% · -0.34R |
| Rising wedge | Sep 9, 2026 @ $394.54 | Sep 10, 2026 @ $416.58 | Loss | +15.0% · -1.00R |
| Falling wedge | Aug 21, 2026 @ $402.22 | Sep 1, 2026 @ $396.44 | Loss | +13.6% · -0.69R |
| Rising wedge | Jul 15, 2026 @ $392.78 | Oct 20, 2026 @ $436.24 | Loss | +12.6% · -1.00R |
| Rising wedge | Jun 2, 2026 @ $392.15 | Jun 4, 2026 @ $403.27 | Loss | +8.8% · -1.00R |
| Rising wedge | Apr 23, 2026 @ $341.13 | May 22, 2026 @ $393.64 | Win | +2.9% · +3.33R |
| Rising wedge | Apr 22, 2026 @ $338.48 | May 22, 2026 @ $393.64 | Win | +3.2% · +2.38R |
| Rising wedge | Jan 27, 2026 @ $351.60 | Jan 27, 2026 @ $345.76 | Win | +5.6% · +0.22R |
| Triangle | Jan 2, 2026 @ $346.20 | Jan 2, 2026 @ $351.74 | Loss | +7.1% · -1.00R |
| Triangle | Nov 24, 2025 @ $331.92 | Jan 21, 2026 @ $368.00 | Win | +14.0% · +1.80R |
| Falling wedge | Oct 30, 2025 @ $326.41 | Oct 31, 2025 @ $318.99 | Win | +2.3% · +0.25R |
| Falling wedge | Sep 23, 2025 @ $323.63 | Oct 15, 2025 @ $347.21 | Win | +2.9% · +1.87R |
Historical examples from the published simulation. This selection is not a win-rate sample.
Price is being turned away at a ceiling near $421.43 and starting to slide. On the weekly chart, the next floor below sits near $277.59 — about 33% away.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Sep 3, 2026 | $408.93 | $416.58 | $403.00 | $413.40 |
| Sep 2, 2026 | $404.83 | $409.00 | $402.93 | $405.84 |
| Sep 1, 2026 | $396.44 | $404.82 | $393.58 | $403.04 |
| Aug 31, 2026 | $393.94 | $395.36 | $390.80 | $392.54 |
| Aug 28, 2026 | $400.81 | $403.16 | $394.40 | $394.43 |
| Aug 27, 2026 | $397.36 | $404.09 | $395.22 | $399.11 |
| Aug 26, 2026 | $399.00 | $410.29 | $399.00 | $402.54 |
| Aug 25, 2026 | $402.67 | $402.67 | $397.69 | $398.87 |
| Aug 24, 2026 | $401.17 | $406.99 | $398.32 | $402.63 |
| Aug 21, 2026 | $396.96 | $404.49 | $396.96 | $400.54 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.