ELV — Elevance Health Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates ELV Bullish with a Setup Score of 0, net conviction 26, actionability 0. How the Setup Score works →

Total Setup Score0
Directional BiasBullish
Net Conviction26
Actionability0 (extended)

Key signals behind this score

About Elevance Health Inc

Elevance Health, Inc., together with its subsidiaries, operates as a health benefits company in the United States. The company operates in four segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other. It offers a variety of health plans and services to individual, employer group risk-based and fee-based, BlueCard, Medicare, Medicaid, and FEP members; health products; a broad array of fee-based administrative managed care ser… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$402.54
Market Cap$85.94B
Float216.4M
Shares Outstanding216.9M
P/E (Forward)14.81
P/E (TTM)17.64
Price/Sales (TTM)0.43
vs. Analyst Target+11.6% to analyst PT
Profit Margin2.47%
Operating Margin (TTM)4.56%
Revenue (TTM)$201.11B
Earnings Growth (YoY)-13.10%
Dividend Rate6.9%
Analyst Target Price$449.10 (22 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $121.87B $4.57B $33.82B $8.18B
2021 $138.64B $6.10B $35.99B $10.03B
2022 $156.59B $5.89B $39.95B $10.13B
2023 $171.34B $5.99B $47.01B $10.49B
2024 $176.81B $5.98B $49.24B $10.48B
2025 $199.13B $5.66B $50.90B $9.66B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $50.71B $1.19B
Dec 2025 $49.75B $547M
Mar 2026 $50.18B $1.76B
Jun 2026 $50.47B $1.46B

Ownership & Float

Insider Ownership0.2%
Institutional Ownership94.1%
Short Float2.6%
% of All Funds Holding18.12%
Number of Funds Holding1,594

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$395.35Near-term / short-term trend
Weekly40-Week SMA$360.46Medium-term trend
Weekly80-Week SMA$360.20Cyclical trend (business cycle)
Weekly200-Week SMA$429.69Secular trend (multi-year)
Monthly10-Month SMA$358.20Near-term monthly trend
Monthly20-Month SMA$362.25Medium-term monthly trend
Monthly40-Month SMA$420.00Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$286.00 support 1.18x 11 months ago
$418.00 resistance 1.13x 14 months ago
$522.00 resistance 1.95x 21 months ago

Historical Earnings Reactions (100 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.13% 0.00% 49.00% 4.17% -5.48%
1 Day -0.38% -0.22% 46.00% 7.49% -9.30%
1 Week 0.38% 0.33% 52.00% 14.69% -11.34%
2 Weeks 0.85% 0.99% 59.00% 16.98% -15.60%
1 Month 1.18% 0.66% 54.55% 24.91% -31.15%

Next earnings: October 21, 2026 (55 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan1.5%48.0%25
Feb-0.4%56.0%25
Mar2.1%72.0%25
Apr4.0%68.0%25
May2.4%72.0%25
Jun-0.6%48.0%25
Jul-1.5%52.0%25
Aug0.6%54.2%24
Sep-1.1%37.5%24
Oct0.7%50.0%24
Nov4.9%72.0%25
Dec2.7%64.0%25

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.00% 50.7% 1172
Tuesday 0.08% 51.8% 1281
Wednesday 0.12% 51.8% 1282
Thursday 0.06% 53.7% 1256
Friday 0.08% 52.1% 1251

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 94.1%

Insider Transactions — Smart Summary

Total insider ownership: 0.2%

12-Month Insider Activity Summary

Total Filings8
Net Value-$223,753.955
Net Shares Change2,983
% of Float0.0%
C-Suite Filings4
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
BOUDREAUX GAIL President and CEO +$1.0M 1 1 buy
Kendrick Charles Morgan JR EVP & President, Commercial -$910,604.32 1 1 sell
COLLIS STEVEN H +$869,520 1 1 buy
PERU RAMIRO G +$366,050 1 1 buy
Penczek Ronald W CAO & Controller -$315,379.565 2 2 sell
Dixon Robert L JR -$60,667.27 1 1 sell
SCHULMAN AMY W -$7,475 1 1 sell

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-07-17 BOUDREAUX GAIL President and CEO +$1.0M Transaction at $367.79, now +9.4%
2026-07-17 PERU RAMIRO G +$366,050 Transaction at $366.05, now +10.0%
2026-06-15 Penczek Ronald W CAO & Controller -$148,766.04 Transaction at $403.16, now -0.2%
2026-03-06 COLLIS STEVEN H +$869,520 Transaction at $289.84, now +38.9%
2026-06-12 Dixon Robert L JR -$60,667.27 Transaction at $401.77, now +0.2%
2026-03-09 Kendrick Charles Morgan JR EVP & President, Commercial -$910,604.32 Transaction at $284.92, now +41.3%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Elevance Health Inc (ELV) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for ELV on Trend Edge →