Elevance Health ELV
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Elevance Health (ELV) Business Model and Operations Summary
Elevance Health Inc. operates as a health benefits company. It supports consumers, families, and communities across the entire care journey connecting to the care, support, and resources to lead healthier lives. It serves approximately 118 million people through a portfolio of medical, digital, pharmacy, behavioral, clinical, and care solutions. The company was formerly known as Anthem, Inc. and changed its name to Elevance Health Inc. in June 2022. Elevance Health Inc. was founded in 1944 and is headquartered in Indianapolis, Indiana.
Key Insights
Elevance Health (ELV) Core Market Data and Business Metrics
Latest Closing Price
$293.55Market Cap
$63.44 BillionAverage Daily Volume
1,978,009 Shares52-Week Range
$275.99-$567.26Price-Earnings Ratio
9.51Total Outstanding Shares
225.18 Million SharesCEO
Gail Koziara BoudreauxTotal Employees
104,200Current Dividend
$1.71 Per Share QuarterlyIPO Date
October 30, 2001SIC Description
Hospital & Medical Service PlansHeadquarters
220 Virginia Avenue, Indianapolis, IN, 46204