US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

12 hoursBullish54%
12h Upside probability 54%Bullish

ELV 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Hold above $363.8 and reclaim $447.88.

Invalidation Trigger

Lose $363.8 and MACD turns lower again.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 54.7, MACD 2.371

12h
Volatility EnvironmentRange
Medium volatility

ATR is $9.23 (2.34%)

12h

EMA Structure

Bearish
EMA 8$386.34Bullish
EMA 21$386.42Bullish
EMA 50$390.16Bullish

Signals

CategoryReadStrength
Momentum
RSI 54.7 · MACD 2.371

Neutral zone

Strength
Bullish
Volatility
ATR $9.23 · BB 6.55%

Medium volatility

Strength
Range
Volume
MFI 44.2 · OBV 2.16%

Relative to 20-period average volume

Strength
Range
Price Levels
$363.8 - $447.88

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+15.96% · 6.8 ATR above latest close

$457.11
Nearest resistance

+13.62% · 5.8 ATR above · 34-bar high

$447.88
Current price

Price shown is delayed

$394.2
Nearest support

-7.71% · 3.3 ATR below · 34-bar low

$363.8
Deeper support zone

-10.05% · 4.3 ATR below latest close

$354.57
ATR zone

Latest close ± ATR14

$384.97 - $403.43

Indicators

Trend

Dow Theory Structure

Confirmation $388.73, invalidation $370.47

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

28.4 / 20.3 / 25.6Bearish
Supertrend (10,3)

Price is above Supertrend

$364.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$394.03 / $405.84Bearish
Donchian Channel (20)

20-period breakout channel position

82%Range

Volatility

ATR (14)

Medium volatility

$9.23 (2.34%)Range
Bollinger Bands (20,2)

Width 6.55%

95%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$403.96 / $368.45Range
ATR channel lower / upper

Current Volatility Envelope

$384.97 / $403.43Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$447.88Range
Support

Nearest Downside Decision Level

$363.8Range

Momentum

RSI (14)

Neutral zone

54.7Range
MACD (12,26,9)

Histogram is positive

2.371Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

96.9 / 89.4Bullish
Williams %R (14)

Overbought zone

-3.1Bearish
CCI (20)

Strong expansion

142.5Bullish
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

44.2Bearish
OBV slope

20-period OBV slope

2.16%Bullish
Volume ratio

Relative to 20-period average volume

1.43xBullish

Trend

Dow Theory Structure

Confirmation $388.73, invalidation $370.47

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

28.4 / 20.3 / 25.6Bearish
Supertrend (10,3)

Price is above Supertrend

$364.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$394.03 / $405.84Bearish
Donchian Channel (20)

20-period breakout channel position

82%Range

Momentum

RSI (14)

Neutral zone

54.7Range
MACD (12,26,9)

Histogram is positive

2.371Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

96.9 / 89.4Bullish
Williams %R (14)

Overbought zone

-3.1Bearish
CCI (20)

Strong expansion

142.5Bullish
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Medium volatility

$9.23 (2.34%)Range
Bollinger Bands (20,2)

Width 6.55%

95%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$403.96 / $368.45Range
ATR channel lower / upper

Current Volatility Envelope

$384.97 / $403.43Range

Volume / Money Flow

MFI (14)

Money flow is weak

44.2Bearish
OBV slope

20-period OBV slope

2.16%Bullish
Volume ratio

Relative to 20-period average volume

1.43xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$447.88Range
Support

Nearest Downside Decision Level

$363.8Range

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