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 $373.33 - $426.98 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 52.3, MACD -2.672

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $9.91 (2.51%)

Daily

EMA Structure

Range
EMA 8$392.45Bullish
EMA 21$393.76Bullish
EMA 50$380.57Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.3 · MACD -2.672

Neutral zone

Strength
Range
Volatility
ATR $9.91 · BB 10.88%

Medium volatility

Strength
Range
Volume
MFI 46.6 · OBV -3.42%

Relative to 20-period average volume

Strength
Range
Price Levels
$373.33 - $426.98

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+10.55% · 4.2 ATR above latest close

$436.89
Nearest resistance

+8.04% · 3.2 ATR above · 34-bar high

$426.98
Current price

Price shown is delayed

$395.2
Nearest support

-5.53% · 2.2 ATR below · 34-bar low

$373.33
Deeper support zone

-8.04% · 3.2 ATR below latest close

$363.42
ATR zone

Latest close ± ATR14

$385.29 - $405.11

Indicators

Trend

Dow Theory Structure

Confirmation $381.77, invalidation $398.81

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

Trend strength is moderate

18.0 / 14.7 / 33.5Bearish
Supertrend (10,3)

Price is above Supertrend

$365.29Bullish
Ichimoku Cloud

Cloud Span A / Span B

$397.96 / $367.05Bearish
Donchian Channel (20)

20-period breakout channel position

30%Range

Volatility

ATR (14)

Medium volatility

$9.91 (2.51%)Range
Bollinger Bands (20,2)

Width 10.88%

41%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$410.68 / $377.22Range
ATR channel lower / upper

Current Volatility Envelope

$385.29 / $405.11Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.98Range
Support

Nearest Downside Decision Level

$373.33Range

Momentum

RSI (14)

Neutral zone

52.3Range
MACD (12,26,9)

Histogram is negative

-2.672Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

29.7 / 20.6Bullish
Williams %R (14)

Neutral zone

-70.3Range
CCI (20)

Balanced zone

-57.2Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.6Range
OBV slope

20-period OBV slope

-3.42%Bearish
Volume ratio

Relative to 20-period average volume

1.41xBullish

Trend

Dow Theory Structure

Confirmation $381.77, invalidation $398.81

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

Trend strength is moderate

18.0 / 14.7 / 33.5Bearish
Supertrend (10,3)

Price is above Supertrend

$365.29Bullish
Ichimoku Cloud

Cloud Span A / Span B

$397.96 / $367.05Bearish
Donchian Channel (20)

20-period breakout channel position

30%Range

Momentum

RSI (14)

Neutral zone

52.3Range
MACD (12,26,9)

Histogram is negative

-2.672Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

29.7 / 20.6Bullish
Williams %R (14)

Neutral zone

-70.3Range
CCI (20)

Balanced zone

-57.2Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Medium volatility

$9.91 (2.51%)Range
Bollinger Bands (20,2)

Width 10.88%

41%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$410.68 / $377.22Range
ATR channel lower / upper

Current Volatility Envelope

$385.29 / $405.11Range

Volume / Money Flow

MFI (14)

Money flow is neutral

46.6Range
OBV slope

20-period OBV slope

-3.42%Bearish
Volume ratio

Relative to 20-period average volume

1.41xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.98Range
Support

Nearest Downside Decision Level

$373.33Range

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