Why is ELV Down Today?

ELV
$380.16
▼ -2.23% ($-8.47)
Last updated: Oct 01, 2026 4:36 PM ET (468 min ago)

About Elevance Health, Inc.

Elevance Health remains one of the leading health insurers in the US, providing medical benefits to 46 million medical members as of June 2025. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest sing...

Sector: HOSPITAL & MEDICAL SERVICE PLANS
Market Cap: $74.91B
Forward P/E: 11.9
52-Week Range: $274.84 - $436.24
Employees: 104,200

Overall Confidence: 65%

65% Confident

Based on news, social sentiment, options activity, and sector analysis

SECTOR 65% Confidence
🎯 HOSPITAL & MEDICAL SERVICE PLANS sector moving together
This appears to be a sector-wide move. The HOSPITAL & MEDICAL SERVICE PLANS sector is down 2.3% on average.

✅ Move Confirmation

LOW VOLUME 0.2x average volume

UNCONFIRMED - Low volume suggests this move may not be sustainable.

📍 Sector Context

HOSPITAL & MEDICAL SERVICE PLANS sector: -2.3%

This appears to be a sector-wide move. Most HOSPITAL & MEDICAL SERVICE PLANS stocks are moving in the same direction.

Market Comparison

ELV is significantly underperforming the market (-2.4% vs SPY)
S&P 500
SPY
+0.18%
Nasdaq 100
QQQ
+0.31%
ELV
This Stock
-2.23%
vs S&P 500: -2.41%
vs Nasdaq: -2.54%

📊 What Happens Next?

Probability Analysis

45% chance this move continues in the next 1-3 days

Expected Range

Based on historical patterns and options pricing, ELV is expected to trade between:
$368.76 - $387.76

Key Level to Watch

$361.15 support
Watch for breakdown below $380.16

🔔 Get ELV Alerts

We'll notify you when ELV's trend changes or a new signal fires.

Last updated: Oct 01, 2026 4:36 PM (468 minutes ago)
Data refreshes every 30 minutes during market hours

Options Market Insight

Neutral
Options Sentiment
1.08
Put/Call Ratio
58.1%
Implied Volatility
Call Volume: 4,731
Put Volume: 5,123
Total: 9,854

Historical Context

ELV has moved more than 3.0% down on 11 occasions in the past year.

45.5%
Continuation Rate
5/11 times continued down
+0.21%
Avg Next Day Change
After similar down moves
Last similar move: Jul 16, 2026 (-4.5%) → Next day: +0.1%

Frequently Asked Questions

Why is ELV stock down today?

This appears to be a sector-wide move. The HOSPITAL & MEDICAL SERVICE PLANS sector is down 2.3% on average.

Is ELV stock a buy or sell right now?

Based on current analysis, ELV shows 65% confidence in today's move. Volume is low which does not confirm the trend. View full buy/sell analysis →

What is the ELV stock price target?

ELV is currently trading at $380.16. Based on today's momentum, the expected short-term range is $368.76 - $387.76. See long-term price prediction →

Will ELV stock continue falling?

Our analysis shows a 45% probability that ELV's move continues in the next 1-3 days. Key level to watch: $361.15 (support).

Is ELV stock oversold or overbought?

ELV's RSI (Relative Strength Index) is currently at 34.4. This shows bearish momentum - the stock has negative momentum but isn't oversold yet.

What is the momentum for ELV stock?

ELV's 10-day momentum indicator is at -32.59. Strong bearish momentum - the stock is experiencing significant downward pressure. Watch for potential reversal signals.

Is ELV outperforming or underperforming the market?

ELV (-2.23%) is currently significantly underperforming the market (-2.4% vs SPY). Today, the S&P 500 (SPY) is up 0.18%, and Nasdaq (QQQ) is up 0.31%.

What does MACD indicate for ELV?

ELV's MACD (-3.42) is currently below the signal line (-0.11), indicating a bearish trend. This technical signal suggests selling pressure is dominant. The trend strength (ADX: 15.2) is weak.

Is ELV in an uptrend or downtrend?

Based on moving average analysis, ELV is in a mixed/transitional trend. The price and moving averages are not clearly aligned, suggesting a potential trend change or consolidation phase. 20-day SMA: $404.92, 50-day SMA: $397.08.

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