US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

12 hoursBullish80%
12h Upside probability 80%Bullish

ELV 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Hold above $382 and reclaim $426.39.

Invalidation Trigger

Lose $382 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 54.3, MACD 0.845

12h
Volatility EnvironmentRange
Medium volatility

ATR is $9.33 (2.26%)

12h

EMA Structure

Bullish
EMA 8$414.79Bearish
EMA 21$408.66Bullish
EMA 50$401.97Bullish

Signals

CategoryReadStrength
Momentum
RSI 54.3 · MACD 0.845

Neutral zone

Strength
Bullish
Volatility
ATR $9.33 · BB 9.18%

Medium volatility

Strength
Range
Volume
MFI 39.1 · OBV -23.76%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$382 - $426.39

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+5.61% · 2.5 ATR above latest close

$435.72
Nearest resistance

+3.35% · 1.5 ATR above · 34-bar high

$426.39
Current price

Price shown is delayed

$412.56
Nearest support

-7.41% · 3.3 ATR below · 34-bar low

$382
Deeper support zone

-9.67% · 4.3 ATR below latest close

$372.67
ATR zone

Latest close ± ATR14

$403.23 - $421.89

Indicators

Trend

Dow Theory Structure

Confirmation $426.39, invalidation $391.4

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

Trend strength is active

24.5 / 27.6 / 20.5Bullish
Supertrend (10,3)

Price is above Supertrend

$386.29Bullish
Ichimoku Cloud

Cloud Span A / Span B

$408.74 / $395.1Bullish
Donchian Channel (20)

20-period breakout channel position

61%Bullish

Volatility

ATR (14)

Medium volatility

$9.33 (2.26%)Range
Bollinger Bands (20,2)

Width 9.18%

64%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$429 / $389.09Range
ATR channel lower / upper

Current Volatility Envelope

$403.23 / $421.89Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$382Range

Momentum

RSI (14)

Neutral zone

54.3Range
MACD (12,26,9)

Histogram is positive

0.845Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

60.5 / 76.4Bearish
Williams %R (14)

Neutral zone

-39.5Range
CCI (20)

Balanced zone

61.8Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

39.1Bearish
OBV slope

20-period OBV slope

-23.76%Bearish
Volume ratio

Relative to 20-period average volume

1.42xBullish

Trend

Dow Theory Structure

Confirmation $426.39, invalidation $391.4

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

Trend strength is active

24.5 / 27.6 / 20.5Bullish
Supertrend (10,3)

Price is above Supertrend

$386.29Bullish
Ichimoku Cloud

Cloud Span A / Span B

$408.74 / $395.1Bullish
Donchian Channel (20)

20-period breakout channel position

61%Bullish

Momentum

RSI (14)

Neutral zone

54.3Range
MACD (12,26,9)

Histogram is positive

0.845Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

60.5 / 76.4Bearish
Williams %R (14)

Neutral zone

-39.5Range
CCI (20)

Balanced zone

61.8Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Medium volatility

$9.33 (2.26%)Range
Bollinger Bands (20,2)

Width 9.18%

64%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$429 / $389.09Range
ATR channel lower / upper

Current Volatility Envelope

$403.23 / $421.89Range

Volume / Money Flow

MFI (14)

Money flow is weak

39.1Bearish
OBV slope

20-period OBV slope

-23.76%Bearish
Volume ratio

Relative to 20-period average volume

1.42xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$382Range

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