US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 dayBullish92%
Daily Upside probability 92%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 $370.47 and reclaim $426.39.

Invalidation Trigger

Lose $370.47 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 55.4, MACD 0.777

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $10.95 (2.65%)

Daily

EMA Structure

Bullish
EMA 8$412.94Bearish
EMA 21$406.98Bullish
EMA 50$399.65Bullish

Signals

CategoryReadStrength
Momentum
RSI 55.4 · MACD 0.777

Momentum is strong

Strength
Bullish
Volatility
ATR $10.95 · BB 8.83%

Medium volatility

Strength
Range
Volume
MFI 60.8 · OBV 24.02%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$370.47 - $426.39

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+6.01% · 2.3 ATR above latest close

$437.34
Nearest resistance

+3.35% · 1.3 ATR above · 34-bar high

$426.39
Current price

Price shown is delayed

$412.56
Nearest support

-10.2% · 3.8 ATR below · 34-bar low

$370.47
Deeper support zone

-12.86% · 4.8 ATR below latest close

$359.52
ATR zone

Latest close ± ATR14

$401.61 - $423.51

Indicators

Trend

Dow Theory Structure

Confirmation $426.39, invalidation $391.4

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

Trend strength is moderate

21.4 / 26.9 / 19.7Bullish
Supertrend (10,3)

Price is above Supertrend

$380.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$407.51 / $399.61Bullish
Donchian Channel (20)

20-period breakout channel position

61%Bullish

Volatility

ATR (14)

Medium volatility

$10.95 (2.65%)Range
Bollinger Bands (20,2)

Width 8.83%

68%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$431.83 / $382.86Range
ATR channel lower / upper

Current Volatility Envelope

$401.61 / $423.51Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$370.47Range

Momentum

RSI (14)

Momentum is strong

55.4Bullish
MACD (12,26,9)

Histogram is positive

0.777Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

61.1 / 65.8Bearish
Williams %R (14)

Neutral zone

-38.9Range
CCI (20)

Balanced zone

78.1Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

60.8Bullish
OBV slope

20-period OBV slope

24.02%Bullish
Volume ratio

Relative to 20-period average volume

1.37xBullish

Trend

Dow Theory Structure

Confirmation $426.39, invalidation $391.4

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

Trend strength is moderate

21.4 / 26.9 / 19.7Bullish
Supertrend (10,3)

Price is above Supertrend

$380.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$407.51 / $399.61Bullish
Donchian Channel (20)

20-period breakout channel position

61%Bullish

Momentum

RSI (14)

Momentum is strong

55.4Bullish
MACD (12,26,9)

Histogram is positive

0.777Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

61.1 / 65.8Bearish
Williams %R (14)

Neutral zone

-38.9Range
CCI (20)

Balanced zone

78.1Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Medium volatility

$10.95 (2.65%)Range
Bollinger Bands (20,2)

Width 8.83%

68%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$431.83 / $382.86Range
ATR channel lower / upper

Current Volatility Envelope

$401.61 / $423.51Range

Volume / Money Flow

MFI (14)

Money flow is strong

60.8Bullish
OBV slope

20-period OBV slope

24.02%Bullish
Volume ratio

Relative to 20-period average volume

1.37xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$370.47Range

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