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Is ELV primed for downward momentum? Non-ADX 1,2,3,4 Bearish shows up after declining 1.25%

Elevance Health, Inc. (ELV) — SwingTradeBot Technical Analysis Report · Aug 4, 2026, 17:51 ET
ELV finished lower by 1.25% on Tuesday, August 4th, trading 0.6 times its typical volume. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 375.34, 372.68 & 368.97, with resistance at 381.7, 385.41 & 388.07.

Current SwingTradeBot Technical Rating of ELV: C

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Elevance Health, Inc. (ELV)