US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 dayRange50%
Daily Range probability 100%Range

ELV 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: price is above EMA21, short trend is constructive

Confirmation Trigger

Break either side of $375.74 - $426.39 with volume.

Invalidation Trigger

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

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

Daily
Momentum StateRange
Momentum mixed

RSI 55.3, MACD -0.447

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $9.19 (2.26%)

Daily

EMA Structure

Range
EMA 8$395.92Bullish
EMA 21$398.58Bullish
EMA 50$398.19Bullish

Signals

CategoryReadStrength
Momentum
RSI 55.3 · MACD -0.447

Momentum is strong

Strength
Range
Volatility
ATR $9.19 · BB 11.91%

Medium volatility

Strength
Range
Volume
MFI 27.7 · OBV -352.50%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$375.74 - $426.39

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+7.32% · 3.2 ATR above latest close

$435.58
Nearest resistance

+5.06% · 2.2 ATR above · 34-bar high

$426.39
Current price

Price shown is delayed

$405.86
Nearest support

-7.42% · 3.3 ATR below · 34-bar low

$375.74
Deeper support zone

-9.69% · 4.3 ATR below latest close

$366.55
ATR zone

Latest close ± ATR14

$396.67 - $415.05

Indicators

Trend

Dow Theory Structure

Confirmation $375.74, invalidation $405.13

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

41.6 / 17.2 / 30.6Bearish
Supertrend (10,3)

Price is above Supertrend

$368.38Bullish
Ichimoku Cloud

Cloud Span A / Span B

$395.97 / $394.69Bullish
Donchian Channel (20)

20-period breakout channel position

59%Range

Volatility

ATR (14)

Medium volatility

$9.19 (2.26%)Range
Bollinger Bands (20,2)

Width 11.91%

56%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$418.2 / $378.7Range
ATR channel lower / upper

Current Volatility Envelope

$396.67 / $415.05Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$375.74Range

Momentum

RSI (14)

Momentum is strong

55.3Bullish
MACD (12,26,9)

Histogram is negative

-0.447Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

76.0 / 52.3Bullish
Williams %R (14)

Neutral zone

-24.0Range
CCI (20)

Balanced zone

-16.0Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

27.7Bearish
OBV slope

20-period OBV slope

-352.50%Bearish
Volume ratio

Relative to 20-period average volume

0.12xBearish

Trend

Dow Theory Structure

Confirmation $375.74, invalidation $405.13

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

41.6 / 17.2 / 30.6Bearish
Supertrend (10,3)

Price is above Supertrend

$368.38Bullish
Ichimoku Cloud

Cloud Span A / Span B

$395.97 / $394.69Bullish
Donchian Channel (20)

20-period breakout channel position

59%Range

Momentum

RSI (14)

Momentum is strong

55.3Bullish
MACD (12,26,9)

Histogram is negative

-0.447Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

76.0 / 52.3Bullish
Williams %R (14)

Neutral zone

-24.0Range
CCI (20)

Balanced zone

-16.0Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Medium volatility

$9.19 (2.26%)Range
Bollinger Bands (20,2)

Width 11.91%

56%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$418.2 / $378.7Range
ATR channel lower / upper

Current Volatility Envelope

$396.67 / $415.05Range

Volume / Money Flow

MFI (14)

Money flow is weak

27.7Bearish
OBV slope

20-period OBV slope

-352.50%Bearish
Volume ratio

Relative to 20-period average volume

0.12xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$375.74Range

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