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

Auto-detected technical analysis for ELV · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$378.00last close · Aug 4, 202652-week range $273.71 – $436.24 · 13.35% below the high

ELV Rising Wedge Pattern

ELV is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $338.80 (−9.0%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; ELV's own rising wedges have hit 43.8%.

DirectionBearishTarget$338.80Projected move−9.0%Breakout level$368.93

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 $338.80 on Jan 27, 2026 — a +2.24R move (7.7%) over 2 sessions. Across 89 backtested rising wedges, this setup wins 55.1% of the time.

OutcomeWinResult+2.24REntry$367.00Exit$338.80

Learn about rising wedge

How Rising Wedges Have Performed

Win rate

50.0%

Avg return

+0.19R

Backtested trades

9,519

ELV win rate

43.8%

Historical pattern statistics (2006-08-04 – 2026-08-04), 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 @ $338.80	Win	+2.24R
Triangle	Oct 1, 2025 @ $328.42	Oct 14, 2025 @ $350.48	Win	+0.92R
Triangle	Jun 27, 2025 @ $379.58	Jul 2, 2025 @ $350.25	Loss	-3.00R
Triangle	Jun 18, 2025 @ $373.34	Jul 1, 2025 @ $395.76	Loss	-1.07R
Triangle	Aug 14, 2024 @ $532.78	Oct 1, 2024 @ $511.26	Loss	-1.51R
Triangle	Jul 1, 2024 @ $532.15	Jul 16, 2024 @ $553.14	Loss	-1.18R
Rising Wedge	Mar 25, 2024 @ $512.60	Mar 26, 2024 @ $517.24	Loss	-1.16R
Rising Wedge	Feb 7, 2024 @ $497.63	Apr 30, 2024 @ $528.58	Win	+0.86R
Triangle	Jan 30, 2024 @ $489.75	Feb 26, 2024 @ $506.55	Win	+0.59R
Rising Wedge	Dec 14, 2023 @ $477.62	Jan 18, 2024 @ $459.00	Win	+1.64R
Triangle	Aug 16, 2023 @ $467.79	Nov 22, 2023 @ $479.97	Loss	-1.39R
Falling Wedge	May 19, 2023 @ $457.72	May 30, 2023 @ $441.73	Loss	-1.14R

ELV Support and Resistance Levels

Price was turned away at a ceiling near $399.08 about 2 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $274.84 — still about 27% 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 here — the spot to watch was the $399.08 ceiling about 2 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $376.96, resistance near $382.21. These are chart/swing-derived levels, not formula pivots.

Resistance

$382.21$383.81$412.59$412.64$417.45$419.90$425.68$429.09$436.24$437.73$455.12$852.20

Support

$376.96$294.85$294.15$287.94$274.84$273.95

ELV Recent Daily Prices

Date	Open	High	Low	Close
Aug 4, 2026	$381.02	$382.74	$376.38	$378.00
Aug 3, 2026	$375.84	$383.81	$374.03	$382.77
Jul 31, 2026	$376.01	$380.04	$373.16	$375.84
Jul 30, 2026	$371.47	$378.17	$368.69	$376.40
Jul 29, 2026	$386.28	$388.73	$375.75	$375.98
Jul 28, 2026	$374.51	$386.66	$362.98	$385.73
Jul 27, 2026	$378.80	$379.34	$372.39	$378.36
Jul 24, 2026	$380.56	$382.79	$375.91	$377.68
Jul 23, 2026	$387.69	$389.24	$376.60	$379.31
Jul 22, 2026	$392.80	$396.00	$386.93	$389.09

ELV Frequently Asked Questions

What chart pattern is ELV forming right now?

As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Elevance Health (ELV) on the daily chart, with a measured-move target of $338.80.

Is a rising wedge bullish or bearish?

The rising wedge detected on ELV is a bearish pattern, projecting a measured-move target of $338.80. 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 (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. 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 Aug 4, 2026), ELV's nearest support is around $376.96 and nearest resistance around $382.21.

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

The detected rising wedge has a geometry-based measured-move target of $338.80 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was ELV's closing price on Aug 4, 2026?

Elevance Health (ELV) last closed at $378.00 on Aug 4, 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.