Stand aside — setup invalidated
Setup score 80, but distribution days reach 5 or more — stand aside until the condition resets.
Simple research view
ELV · Elevance Health, Inc.
$431.32 -1.96% Oct 26 close
Switch to Advanced for indicator panels, raw grades, provenance, drawing tools, and full technical tables.
$ELV
Elevance Health, Inc.Elevance Health, Inc. is a large-cap Managed Health Care company in the Health Services sector with a market cap of $93B.
Market Structure
Trend structure: range
Latest event: structure_shift
(bearish)
Support
362.98–365.38
· 5 touches · strong
Support
383.00–385.84
· 4 touches · moderate
Support
323.04–323.30
· 3 touches · moderate
Support
299.88–301.00
· 3 touches · moderate
Support
426.98–427.19
· 3 touches · moderate
Verdict · setup score 80/100 · data Oct 26 close · latest session
Stand aside — setup invalidated
Setup score 80, but distribution days reach 5 or more — stand aside until the condition resets.
Recent price action · daily
What would change this verdict
What needs to turn for this to become buyable — the top failing checks across the legend council:
- Minervini 2. Quarterly EPS growth ≥ 25% — -40.8% QoQ
- Minervini 2. ROE ≥ 17% — ROE 11.2%
- O'Neil C: Quarterly EPS acceleration ≥ 25% — -40.8% QoQ
- O'Neil A: Annual earnings & revenue quality — Rev +12.5% | ROE 11.2%
- Weinstein Volume expansion above average — Volume ratio 1.20x
- Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
Minority view — the council disagrees here
- Minervini: watch Trend-template read: 9/13 pass; wait for the soft misses to improve.
- O'Neil: avoid CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
- Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
69
Strong
Legend Score · rates the stock
Strong (69/100) — held back by eps growth
Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.
- Relative Strength (25%) 83
- Trend Template (25%) 100
- Institutional Footprint (20%) 60
- EPS Growth (15%) 30
- Quality (SMR-like) (15%) 44
RS rank 82: beating most of the market. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 60: mild accumulation. EPS -0% last quarter — no earnings momentum. Quality 44: weak fundamentals (sales growth 30, return on equity 40, leverage 100). Updated 2026-10-27.
Earnings
Normal technical setup
Next earnings
Wednesday, October 21, 2026
Before market open
Exact clock time not supplied by source
Deterministic evidence
Reported EPS 6.99 vs estimate 4.7291 · surprise +47.8%
ELV-1.96%
Sector proxy · XLV+0.00%
Broad market · SPY+0.71%
⚠ Expectations warningPositive catalyst, negative tape: EPS beat estimates by 47.8%, while price fell 2.0%. Treat the mismatch as expectations/distribution evidence, not as a bullish confirmation.
Session internals Weak
Rule: closed flat-to-down and in the bottom third of the range. Judged on internals, not on the size of the move.
Vs prior close-1.96%
From the open-2.26%
Range position12%
GapNo gap
QQQ confirmationDiverging (+1.11%)
SMH confirmationDiverging (+2.74%)
Short-term conviction -3 points.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.
- Strong positive catalyst received negative stock confirmation; the sector was weak.
- QQQ, SMH moved against the stock — no index confirmation.
Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.
More stats
52W Low
$274.84
Tight Wks
0
Base
B2
SMA 200
$371.42
RS Line vs High
-3.3%
RS Line Slope
+9.7% ▲
Group Rank
#18/66
ADR%
2.8%
ATR(14)
$12.33 (2.9%)
Vol Pace (live)
N/A
A/D Days
11A / 11D
A/D Rating
C
VDU Bars
0/10 d
Power Trend
15d
Earnings
past
ELV Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Technical Analysis Report Card
$ELV · $431.32 · as of 2026-10-26 · multi-factor read
99
/ 100
Reference read from price & volume only — the verdict at the top of the page decides the action.
Trend · Daily / Weekly / Monthly
Daily
▲ Uptrend
Weekly
▲ Uptrend
Monthly
▲ Uptrend
Moving Averages
50-day$408.67 ↑
100-day$402.59 ↑
200-day$371.42 ↑
Bullish (50 > 200)
RSI (14)
Reading58.8 · Bullish
Bullish momentum — comfortably in buyer territory.
MACD (12/26/9)
StateBullish
Histogram+2.096
Bullish — MACD above its signal line and above zero. Histogram contracting.
Bollinger Bands (20,2)
%B / Width69% · 19.5%
Mid-band — no directional band edge in play.
Volume · Buyer vs Seller
Up/Down vol0.77 · Neutral
Rel volume1.2×
Pocket pivots · 10d1
5d vs 50d vol145%
Heavy vol up / down3 / 1
Balanced — up/down volume is roughly even; no clear hand. Recent volume is expanding versus its baseline.
- Pocket pivot 4 sessions ago — up-day volume beat every down day of the prior 10 sessions.
- 3 heavy-volume up days vs 1 down in the last 20 sessions.
Support & Resistance
R · $436.24swing level
R · $450.6952-week high
Price · $431.32now
S · $391.10swing level
S · $382.77swing level
S · $375.74swing level
Fibonacci · Uptrend swing
23.6% ◄ price here$429.99
38.2%$417.18
50.0%$406.84
61.8%$396.49
78.6%$381.75
Retracement support zones measured from the recent swing low up to the high.
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Daily uptrendWeekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishRS 82 (leader)
Want this read in a legend's voice?
Ask a Legend about ELV
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts
6 methodology checks
Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (80/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.
Council consensus:
8 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini
Watch
C
Trend-template read: 9/13 pass; wait for the soft misses to improve.
partialEnter on break of $427.60 pivot with stop at $395.13 (risk 7.6%). SEPA Grade C (3/7).
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $431.32, MA150 $385.40, MA200 $371.42
1.2 150-day MA > 200-day MAMA150 $385.40 vs MA200 $371.42
Failing evidence
2. Quarterly EPS growth ≥ 25%-40.8% QoQ
2. ROE ≥ 17%ROE 11.2%
O'Neil
Avoid
D
CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
partialRule check says AVOID (3/8 checks passed) — CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
Passing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 82
N: Near 52-week high or RS line new high4.3% below high | RS line new high: False
Failing evidence
C: Quarterly EPS acceleration ≥ 25%-40.8% QoQ
A: Annual earnings & revenue qualityRev +12.5% | ROE 11.2%
Weinstein
Watch
C
Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.
Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $431.32 vs MA200 $371.42
Failing evidence
Volume expansion above averageVolume ratio 1.20x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
dennis
Watch
C
Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.
Passing evidence
No breakdown below the 20-day channel20-day low $375.74
Volatility-unit sizing (1N ≈ 1% of equity)1N = $11.24 (2.61% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
zanger
Watch
B
Zanger read: the structure is fine but the breakout quality is not there yet — wait for 150%+ volume on the break.
mediumZanger would buy the Cup & Handle breakout only with 150-200% volume, never more than 5% above the breakout point, with a 2-3% stop set at entry. His edge over O'Neil is the exit plan: sell 20-30% of the position at +15-20%, then trail the rest on the 10/20-day moving average.
Passing evidence
Named Zanger pattern onlyCup & Handle
Not extended (≤5% above the breakout point)Measured as passing
Failing evidence
Breakout volume 1.5-2.0x averageNot confirmed
zweig
Watch
D
Zweig read: part of his screen passes but not all: EPS growth above the market (≥15% QoQ); Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 17.1x — no PEG or forward P/E stored
Price strength (RS ≥ 70)RS score 82 — Zweig buys strength, not bargains
Failing evidence
EPS growth above the market (≥15% QoQ)-40.8% QoQ — Zweig wants growth above the S&P average
Insider buyingNo insider buying flagged
Livermore
Watch
B
Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$431.32
Relative strengthRS 82
Failing evidence
Volume vs average1.20x
Pivotal point cleared on expanding volumeNot confirmed
Darvas
Watch
B
Box-theory read: constructive evidence is present, but volume vs average is unresolved.
mediumBuilding the top of the box (4.3% from 52W high) — watch for a box breakout with volume expansion.
Passing evidence
Price$431.32
Relative strengthRS 82
Failing evidence
Volume vs average1.20x
Box top broken on heavy volumeNot confirmed
Wyckoff
Watch
B
Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$431.32
Relative strengthRS 82
Failing evidence
Volume vs average1.20x
Sign of Strength confirmed on expanding volume1.20x average volume — needs ≥1.4x
Base & Breakout
Breakout follow-through
No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?
RS Line vs SPY
52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
▲ Rising
Accumulation / Distribution
last 65 sessions · green = acc on high vol · red = dist on high vol
Net -1
Fundamentals & leadership quality — Minervini’s published criteria · 3/7 met
C
3/7 criteria
Separate score from the Minervini Trend Template (8/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ
-41%
Revenue growth ≥20% YoY
+12%
Gross margin ≥30%
—
ROE ≥17%
11%
RS rating ≥80 (leadership)
82
Stage 2 uptrend (Weinstein)
Stage 2
Within 25% of 52W high
-4.3%
Method Playbook
Trade it like Wyckoff
EXACT LEVELS · PRO
Wyckoff B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro levelPublished-method rule: Use the Spring/test, Sign of Strength, creek, or Last Point of Support boundary identified by the active structure.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro levelPublished-method rule: Require a completed test or Sign of Strength/Last Point of Support confirmation with improving demand versus supply.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro levelPublished-method rule: Start below the Spring/test low or structural support whose failure would invalidate the accumulation read.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-basedPublished-method rule: Raise protection beneath successive Last Points of Support or meaningful higher lows during markup; never loosen it.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro levelPublished-method rule: Exit on a failed Sign of Strength, support loss, or clear supply-dominant reversal such as an upthrust failure.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
The published-method workflow is public. Unlock exact pivot, entry, stop, target, and sizing with Pro →
Forming Patterns (predictive — not confirmed)
Head & Shoulders
bearish
forming
75%
built
Possible head & shoulders top — not confirmed. Watch for a daily close below ~312.96 (neckline) to confirm, with measured-move risk toward ~189.69. A push back above 427.17 weakens the pattern; reclaiming 436.24 invalidates it.
Confirms below
312.96
Invalidates at
436.24
Left Shoulder
426.98
Head
436.24
Right Shoulder
427.17
Neckline
312.96
Target
189.69
LS 426.98 / head 436.24 / RS 427.17, neckline ~312.96, vol_fading=yes
Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.
Pattern Analysis
Cup & Handle
Historical replay: +20% before −8% within 40 sessions: 16% (n=376) · source bars 2024-11-01–2026-10-26 · avg +0.3% per setup (+0.03R)
⚠ Volatility widening into breakout
⚠ Late-stage base (#4)
80
setup score
RS Score
82
Trend template
8/8 ✓
CANSLIM
73.0* (B)
15.1% cup depth
3.3% handle
9 sessions since breakout
- Cup 15.1% deep from a $427.35 left rim to a $362.98 low
- Rims 0.0% apart (ideal, within 10%)
- Handle pulled back 3.3% over 1 bar from $410.54 to $397.12
- Handle sits in the upper half of the cup
- Rounded U-shaped bottom
- Pivot $427.17 fixed at the handle high
- Breakout: 9 bars since the first close above the pivot
- Volume dried up in the handle
Raw detector evidence · confidence is a heuristic match score, not a probability
depth=15.1%, handle_pb=3.3%, lips_diff=0.0%, upper_half=yes, u_shape=yes, near_pivot=yes, orderly=yes | Strong trend (8/8) | Top RS (82) | High-confidence pattern (100%) | Power Trend | Stage 2 | Readiness 79/100 (watch) | CANSLIM 73.0 (B) | ⚠ Volatility widening into breakout; Late-stage base (#4)
setup_key=cup_handle|2026-07-28|2026-09-14|427.17 · cup_handle/2026-10-03
anchors={"bottom": {"bar": 36, "bars_ago": 63, "date": "2026-07-28", "price": 362.98}, "breakout": {"bar": 91, "bars_ago": 8, "date": "2026-10-14", "price": 428.09}, "handle_high": {"bar": 86, "bars_ago": 13, "date": "2026-10-07", "price": 410.54}, "handle_low": {"bar": 87, "bars_ago": 12, "date": "2026-10-08", "price": 397.12}, "left_lip": {"bar": 19, "bars_ago": 80, "date": "2026-07-02", "price": 427.3475}, "right_lip": {"bar": 69, "bars_ago": 30, "date": "2026-09-14", "price": 427.17}}
Why This Setup?
D+W Confluence
Cup & Handle · schematic
depth=15.1%, handle_pb=3.3%, lips_diff=0.0%, upper_half=yes, u_shape=yes, near_pivot=yes, orderly=yes | Strong trend (8/8) | Top RS (82) | High-confidence pattern (100%) | Power Trend | Stage 2 | Readiness 79/100 (watch) | CANSLIM 73.0 (B) | ⚠ Volatility widening into breakout; Late-stage base (#4)
80
setup score
RS Score
82
Trend template
8/8 ✓
CANSLIM
70.8* (B)
range low: 374.261
range high: 416.395
range pct: 0.113
sos thrust: 0.043
sos vol ratio: 1.644
sos bars ago: 3
near lps: ✓
validation reason: valid generic setup
multi tf evaluated: ✓
multi tf reason: weekly: MA stabilizing or rising — accumulation context supported
Why This Setup?
D+W Confluence
Wyckoff SOS · schematic
SOS: breakout above range_high=416.39, thrust=4.3%, vol=1.6x avg, lps=near, 3 bars ago | Strong trend (8/8) | Top RS (82) | High-confidence pattern (85%) | Power Trend | Stage 2 | Readiness 68/100 (watch) | CANSLIM 70.8 (B) | ⚠ Volatility widening into breakout; Late-stage base (#4)
55
setup score
RS Score
82
Trend template
8/8 ✓
CANSLIM
69.6* (B)
cadence: daily
lookback bars: 260
detector version: record_volume/2026-09-27
record bar ago: 3
record volume: 2474614
volume multiple: 2.19
volume ratio: 2.191
rare tier: ✗
bars since bigger: 68
since date: 2026-07-16
callout text: Highest daily volume since 2026-07-16
up day: ✗
absorbed: ✗
low held: ✓
day gain pct: -2.44
depth pct: 2.44
day range pct: 5.76
geometry: {'record_bar': {'bar': 256, 'bars_ago': 3, 'price': 434.13, 'date': '2026-10-21'}, 'record_volume': 2474614, 'callout_text': 'Highest daily volume since 2026-07-16', 'arrow_target': {'bar': 256, 'bars_ago': 3, 'price': 434.13, 'date': '2026-10-21'}}
confidence kind: heuristic_match
findings: ['Highest daily volume since 2026-07-16: 2,474,614 shares (2.2x the trailing average)', 'Price action constructive — record-day low defended since (record bar $445.00 -> $434.13, now $431.32)']
validation reason: valid generic setup
multi tf evaluated: ✓
multi tf reason: weekly: MA stabilizing or rising — accumulation context supported
Why This Setup?
D+W Confluence
Record Volume · schematic
Highest daily volume since 2026-07-16 — 2,474,614 shares (2.2x average), 3 bars ago, and price action is constructive (record-day low defended since). Big volume with holding prices means institutions are involved. Research/educational only, not a buy/sell recommendation. | Strong trend (8/8) | Top RS (82) | Moderate pattern (62%) | Power Trend | Stage 2 | Readiness 62/100 (early) | CANSLIM 69.6 (B) | ⚠ Late-stage base (#4); Not actionable yet
The Universal Edge Check · context only
What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.
4/7
universals met
- Clear of earnings — not met in -6 days — event risk
- A relative-strength leader — partly met RS rank 63 — middling
- Volume confirms — partly met 1.2× average — light
- Asymmetric reward — met Met — levels are a Pro detail
- In a confirmed uptrend — met Stage 2 · Trend template 8/8
- Not chasing (in range) — met Met — levels are a Pro detail
- Risk is defined — met Met — levels are a Pro detail
Minervini Trend Template
8/8 ✓Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.
Price above SMA 150 & 200
$431.32 vs SMA150 $385.40 / SMA200 $371.42
SMA 150 above SMA 200
SMA150 $385.40 vs SMA200 $371.42
SMA 200 trending up
Slope +6.26 over 20 days
SMA 50 above SMA 150 & 200
SMA50 $408.67
Price above SMA 50
$431.32 vs SMA50 $408.67
30%+ above 52-week low
+56.9% from $274.84
Within 25% of 52-week high
-4.3% from $450.69
RS score above 70
RS 82
Fundamentals
52W Range
89%
Mkt Cap SEC
93.2B
EPS QoQ
-41%
Rev YoY
+12%
ROE
11%
D/E
0.73
EPS TTM
$25.21
P/E TTM
17.1x
Float
216M
Insider
No Buy
Company
Company profile
Elevance Health, Inc.
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
B
73.0* CANSLIM
* disqualified on C, M
C · Curr. EPS
20
A · Annual EPS
70
N · New Highs
100
S · Supply/Demand
100
L · Leader RS
82
I · Inst. Spons.
100
M · Market
30
Weekly Context
Multi-timeframe signals from weekly barsW. Trend
8/8
W. RS
83
W. Support
$342.99
W. Resist
$450.69
W. Patterns
Base Breakout
Weekly Structure
Trend
Neutral
Tight Weeks
0
Confirmation
Neutral
Scan History
20× streakOct 27
Cup & Handle
✓ Gate
80
Oct 26
Cup & Handle
✓ Gate
80
0.0%
Oct 23
Cup & Handle
✓ Gate
80
-2.0%
Latest News
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