US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 dayBullish90%
Daily Upside probability 90%Bullish

ELV 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $362.98 and reclaim $436.24.

Invalidation Trigger

Lose $362.98 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 53.5, MACD 0.529

Daily
Volatility EnvironmentRange
Low volatility

ATR is $8.31 (2.08%)

Daily

EMA Structure

Bullish
EMA 8$399.36Bearish
EMA 21$396.41Bullish
EMA 50$392.51Bullish

Signals

CategoryReadStrength
Momentum
RSI 53.5 · MACD 0.529

Neutral zone

Strength
Bullish
Volatility
ATR $8.31 · BB 6.79%

Low volatility

Strength
Range
Volume
MFI 56.1 · OBV 64.88%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$362.98 - $436.24

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+11.39% · 5.5 ATR above latest close

$444.55
Nearest resistance

+9.3% · 4.5 ATR above · 34-bar high

$436.24
Current price

Price shown is delayed

$399.11
Nearest support

-9.05% · 4.3 ATR below · 34-bar low

$362.98
Deeper support zone

-11.14% · 5.3 ATR below latest close

$354.67
ATR zone

Latest close ± ATR14

$390.8 - $407.42

Indicators

Trend

Dow Theory Structure

Confirmation $410.29, invalidation $391.77

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

14.2 / 15.8 / 20.7Bearish
Supertrend (10,3)

Price is above Supertrend

$376.93Bullish
Ichimoku Cloud

Cloud Span A / Span B

$393.83 / $399.61Bearish
Donchian Channel (20)

20-period breakout channel position

72%Range

Volatility

ATR (14)

Low volatility

$8.31 (2.08%)Range
Bollinger Bands (20,2)

Width 6.79%

63%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$411.71 / $381.42Range
ATR channel lower / upper

Current Volatility Envelope

$390.8 / $407.42Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$362.98Range

Momentum

RSI (14)

Neutral zone

53.5Range
MACD (12,26,9)

Histogram is positive

0.529Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

54.3 / 59.0Bearish
Williams %R (14)

Neutral zone

-45.7Range
CCI (20)

Balanced zone

51.1Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

56.1Bullish
OBV slope

20-period OBV slope

64.88%Bullish
Volume ratio

Relative to 20-period average volume

0.85xBearish

Trend

Dow Theory Structure

Confirmation $410.29, invalidation $391.77

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

14.2 / 15.8 / 20.7Bearish
Supertrend (10,3)

Price is above Supertrend

$376.93Bullish
Ichimoku Cloud

Cloud Span A / Span B

$393.83 / $399.61Bearish
Donchian Channel (20)

20-period breakout channel position

72%Range

Momentum

RSI (14)

Neutral zone

53.5Range
MACD (12,26,9)

Histogram is positive

0.529Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

54.3 / 59.0Bearish
Williams %R (14)

Neutral zone

-45.7Range
CCI (20)

Balanced zone

51.1Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$8.31 (2.08%)Range
Bollinger Bands (20,2)

Width 6.79%

63%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$411.71 / $381.42Range
ATR channel lower / upper

Current Volatility Envelope

$390.8 / $407.42Range

Volume / Money Flow

MFI (14)

Money flow is strong

56.1Bullish
OBV slope

20-period OBV slope

64.88%Bullish
Volume ratio

Relative to 20-period average volume

0.85xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$362.98Range

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