Based on the provided data and technical indicators, here's a concise analysis of whether ELV is overvalued:
Technical Analysis
The stock is currently trading at $389.25, significantly below its 200-day SMA of $473.40 and 250-day SMA of $480.04, indicating bearish long-term trend. The RSI-14 at 47.10 suggests neutral momentum.
Fundamental Valuation
Revenue grew from $156.6B in 2022 to $171.3B in 2023, showing healthy top-line growth. EPS increased from $24.28 to $25.22, demonstrating consistent earnings improvement. The company maintains strong ROE of 15.85% though slightly down from 16.30% in 2022.
Recent Events
Leon Cooperman's Omega Advisors increased its stake in ELV by 63% in Q4 2024, showing institutional confidence despite the stock's 29% decline during that quarter.
Market Position
Trading at 0.34 of its Bollinger Band width suggests the stock is closer to oversold territory than overvalued. The current price represents a significant discount from its 52-week range of $365.83 to $558.32.
Conclusion
Based on technical indicators, fundamental metrics, and recent institutional buying, ELV appears undervalued rather than overvalued at current levels.