US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 dayRange53%
Daily Range probability 94%Range

ELV 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: price is below EMA21, short trend is weak

Confirmation Trigger

Break either side of $365.38 - $436.24 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 37.4, MACD -5.386

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $15.22 (4.08%)

Daily

EMA Structure

Range
EMA 8$391.08Bearish
EMA 21$398.26Bearish
EMA 50$390.12Bearish

Signals

CategoryReadStrength
Momentum
RSI 37.4 · MACD -5.386

Momentum is weak

Strength
Bearish
Volatility
ATR $15.22 · BB 17.80%

Medium volatility

Strength
Range
Volume
MFI 54.0 · OBV 81.68%

Relative to 20-period average volume

Strength
Range
Price Levels
$365.38 - $436.24

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+21% · 5.1 ATR above latest close

$451.46
Nearest resistance

+16.92% · 4.1 ATR above · 34-bar high

$436.24
Current price

Price shown is delayed

$373.11
Nearest support

-2.07% · 0.5 ATR below · 34-bar low

$365.38
Deeper support zone

-6.15% · 1.5 ATR below latest close

$350.15
ATR zone

Latest close ± ATR14

$357.89 - $388.33

Indicators

Trend

Dow Theory Structure

Confirmation $436.24, invalidation $412.29

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

Trend strength is active

35.0 / 28.9 / 27.8Bullish
Supertrend (10,3)

Price is above Supertrend

$323.19Bullish
Ichimoku Cloud

Cloud Span A / Span B

$400.81 / $400.81Bearish
Donchian Channel (20)

20-period breakout channel position

11%Bearish

Volatility

ATR (14)

Medium volatility

$15.22 (4.08%)Range
Bollinger Bands (20,2)

Width 17.80%

12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$430.45 / $365.96Range
ATR channel lower / upper

Current Volatility Envelope

$357.89 / $388.33Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$365.38Range

Momentum

RSI (14)

Momentum is weak

37.4Bearish
MACD (12,26,9)

Histogram is negative

-5.386Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

10.9 / 8.6Bullish
Williams %R (14)

Oversold zone

-89.1Bullish
CCI (20)

Weak expansion

-116.9Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.0Range
OBV slope

20-period OBV slope

81.68%Bullish
Volume ratio

Relative to 20-period average volume

1.20xBullish

Trend

Dow Theory Structure

Confirmation $436.24, invalidation $412.29

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

Trend strength is active

35.0 / 28.9 / 27.8Bullish
Supertrend (10,3)

Price is above Supertrend

$323.19Bullish
Ichimoku Cloud

Cloud Span A / Span B

$400.81 / $400.81Bearish
Donchian Channel (20)

20-period breakout channel position

11%Bearish

Momentum

RSI (14)

Momentum is weak

37.4Bearish
MACD (12,26,9)

Histogram is negative

-5.386Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

10.9 / 8.6Bullish
Williams %R (14)

Oversold zone

-89.1Bullish
CCI (20)

Weak expansion

-116.9Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Medium volatility

$15.22 (4.08%)Range
Bollinger Bands (20,2)

Width 17.80%

12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$430.45 / $365.96Range
ATR channel lower / upper

Current Volatility Envelope

$357.89 / $388.33Range

Volume / Money Flow

MFI (14)

Money flow is neutral

54.0Range
OBV slope

20-period OBV slope

81.68%Bullish
Volume ratio

Relative to 20-period average volume

1.20xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$365.38Range

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