US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

12 hoursBearish54%
12h Downside probability 54%Bearish

ELV 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $397.62 and stabilize above resistance $426.39.

Invalidation Trigger

Break above $426.39 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 55.7, MACD 0.475

12h
Volatility EnvironmentRange
Low volatility

ATR is $7.24 (1.79%)

12h

EMA Structure

Bearish
EMA 8$395.38Bullish
EMA 21$397.62Bullish
EMA 50$398.98Bullish

Signals

CategoryReadStrength
Momentum
RSI 55.7 · MACD 0.475

Momentum is strong

Strength
Bullish
Volatility
ATR $7.24 · BB 10.10%

Low volatility

Strength
Range
Volume
MFI 39.1 · OBV -27.47%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$375.74 - $426.39

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+7.11% · 4.0 ATR above latest close

$433.63
Nearest resistance

+5.33% · 3.0 ATR above · 34-bar high

$426.39
Current price

Price shown is delayed

$404.83
Nearest support

-7.19% · 4.0 ATR below · 34-bar low

$375.74
Deeper support zone

-8.97% · 5.0 ATR below latest close

$368.5
ATR zone

Latest close ± ATR14

$397.59 - $412.07

Indicators

Trend

Dow Theory Structure

Confirmation $375.74, invalidation $404.21

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

Trend strength is active

44.9 / 21.9 / 35.3Bearish
Supertrend (10,3)

Price is above Supertrend

$374.89Bullish
Ichimoku Cloud

Cloud Span A / Span B

$395.97 / $401.07Bullish
Donchian Channel (20)

20-period breakout channel position

61%Range

Volatility

ATR (14)

Low volatility

$7.24 (1.79%)Range
Bollinger Bands (20,2)

Width 10.10%

65%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$412.85 / $382.02Range
ATR channel lower / upper

Current Volatility Envelope

$397.59 / $412.07Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$375.74Range

Momentum

RSI (14)

Momentum is strong

55.7Bullish
MACD (12,26,9)

Histogram is positive

0.475Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

96.1 / 70.9Bullish
Williams %R (14)

Overbought zone

-3.9Bearish
CCI (20)

Balanced zone

9.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

39.1Bearish
OBV slope

20-period OBV slope

-27.47%Bearish
Volume ratio

Relative to 20-period average volume

0.27xBearish

Trend

Dow Theory Structure

Confirmation $375.74, invalidation $404.21

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

Trend strength is active

44.9 / 21.9 / 35.3Bearish
Supertrend (10,3)

Price is above Supertrend

$374.89Bullish
Ichimoku Cloud

Cloud Span A / Span B

$395.97 / $401.07Bullish
Donchian Channel (20)

20-period breakout channel position

61%Range

Momentum

RSI (14)

Momentum is strong

55.7Bullish
MACD (12,26,9)

Histogram is positive

0.475Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

96.1 / 70.9Bullish
Williams %R (14)

Overbought zone

-3.9Bearish
CCI (20)

Balanced zone

9.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Low volatility

$7.24 (1.79%)Range
Bollinger Bands (20,2)

Width 10.10%

65%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$412.85 / $382.02Range
ATR channel lower / upper

Current Volatility Envelope

$397.59 / $412.07Range

Volume / Money Flow

MFI (14)

Money flow is weak

39.1Bearish
OBV slope

20-period OBV slope

-27.47%Bearish
Volume ratio

Relative to 20-period average volume

0.27xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$375.74Range

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