US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

12 hoursBearish66%
12h Downside probability 66%Bearish

ELV 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $401.76 and stabilize above resistance $447.88.

Invalidation Trigger

Break above $447.88 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 33.7, MACD -5.465

12h
Volatility EnvironmentRange
Medium volatility

ATR is $15.94 (4.27%)

12h

EMA Structure

Range
EMA 8$392.93Bearish
EMA 21$401.76Bearish
EMA 50$398.76Bearish

Signals

CategoryReadStrength
Momentum
RSI 33.7 · MACD -5.465

Momentum is weak

Strength
Bearish
Volatility
ATR $15.94 · BB 14.77%

Medium volatility

Strength
Range
Volume
MFI 46.6 · OBV -19.54%

Relative to 20-period average volume

Strength
Range
Price Levels
$365.65 - $447.88

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+24.31% · 5.7 ATR above latest close

$463.82
Nearest resistance

+20.04% · 4.7 ATR above · 34-bar high

$447.88
Current price

Price shown is delayed

$373.11
Nearest support

-2% · 0.5 ATR below · 34-bar low

$365.65
Deeper support zone

-6.27% · 1.5 ATR below latest close

$349.71
ATR zone

Latest close ± ATR14

$357.17 - $389.05

Indicators

Trend

Dow Theory Structure

Confirmation $447.88, invalidation $410

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

Trend strength is active

38.1 / 27.3 / 31.5Bearish
Supertrend (10,3)

Price is above Supertrend

$312.89Bullish
Ichimoku Cloud

Cloud Span A / Span B

$406.77 / $406.77Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Volatility

ATR (14)

Medium volatility

$15.94 (4.27%)Range
Bollinger Bands (20,2)

Width 14.77%

-10%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$440.34 / $362.81Range
ATR channel lower / upper

Current Volatility Envelope

$357.17 / $389.05Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$447.88Range
Support

Nearest Downside Decision Level

$365.65Range

Momentum

RSI (14)

Momentum is weak

33.7Bearish
MACD (12,26,9)

Histogram is negative

-5.465Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.1 / 14.1Bearish
Williams %R (14)

Oversold zone

-90.9Bullish
CCI (20)

Weak expansion

-224.9Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.6Range
OBV slope

20-period OBV slope

-19.54%Bearish
Volume ratio

Relative to 20-period average volume

1.65xBullish

Trend

Dow Theory Structure

Confirmation $447.88, invalidation $410

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

Trend strength is active

38.1 / 27.3 / 31.5Bearish
Supertrend (10,3)

Price is above Supertrend

$312.89Bullish
Ichimoku Cloud

Cloud Span A / Span B

$406.77 / $406.77Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Momentum

RSI (14)

Momentum is weak

33.7Bearish
MACD (12,26,9)

Histogram is negative

-5.465Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.1 / 14.1Bearish
Williams %R (14)

Oversold zone

-90.9Bullish
CCI (20)

Weak expansion

-224.9Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Medium volatility

$15.94 (4.27%)Range
Bollinger Bands (20,2)

Width 14.77%

-10%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$440.34 / $362.81Range
ATR channel lower / upper

Current Volatility Envelope

$357.17 / $389.05Range

Volume / Money Flow

MFI (14)

Money flow is neutral

46.6Range
OBV slope

20-period OBV slope

-19.54%Bearish
Volume ratio

Relative to 20-period average volume

1.65xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$447.88Range
Support

Nearest Downside Decision Level

$365.65Range

Related Forecasts