US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

12 hoursBullish82%
12h Upside probability 82%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 $363.8 and reclaim $408.71.

Invalidation Trigger

Lose $363.8 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 52.9, MACD 0.516

12h
Volatility EnvironmentRange
Low volatility

ATR is $8.56 (2.15%)

12h

EMA Structure

Bullish
EMA 8$399.74Bearish
EMA 21$396.4Bullish
EMA 50$394.12Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.9 · MACD 0.516

Neutral zone

Strength
Bullish
Volatility
ATR $8.56 · BB 5.78%

Low volatility

Strength
Range
Volume
MFI 44.1 · OBV 19.19%

Relative to 20-period average volume

Strength
Range
Price Levels
$363.8 - $408.71

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+4.55% · 2.1 ATR above latest close

$417.27
Nearest resistance

+2.4% · 1.1 ATR above · 34-bar high

$408.71
Current price

Price shown is delayed

$399.11
Nearest support

-8.85% · 4.1 ATR below · 34-bar low

$363.8
Deeper support zone

-10.99% · 5.1 ATR below latest close

$355.24
ATR zone

Latest close ± ATR14

$390.55 - $407.67

Indicators

Trend

Dow Theory Structure

Confirmation $406.54, invalidation $394.23

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

Trend strength is moderate

21.2 / 14.0 / 25.6Bearish
Supertrend (10,3)

Price is above Supertrend

$372.32Bullish
Ichimoku Cloud

Cloud Span A / Span B

$395.53 / $405.84Bearish
Donchian Channel (20)

20-period breakout channel position

64%Bullish

Volatility

ATR (14)

Low volatility

$8.56 (2.15%)Range
Bollinger Bands (20,2)

Width 5.78%

60%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$415.02 / $378.15Range
ATR channel lower / upper

Current Volatility Envelope

$390.55 / $407.67Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$408.71Range
Support

Nearest Downside Decision Level

$363.8Range

Momentum

RSI (14)

Neutral zone

52.9Range
MACD (12,26,9)

Histogram is positive

0.516Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

64.1 / 69.9Bearish
Williams %R (14)

Neutral zone

-35.9Range
CCI (20)

Balanced zone

38.1Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

44.1Bearish
OBV slope

20-period OBV slope

19.19%Bullish
Volume ratio

Relative to 20-period average volume

0.79xBearish

Trend

Dow Theory Structure

Confirmation $406.54, invalidation $394.23

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

Trend strength is moderate

21.2 / 14.0 / 25.6Bearish
Supertrend (10,3)

Price is above Supertrend

$372.32Bullish
Ichimoku Cloud

Cloud Span A / Span B

$395.53 / $405.84Bearish
Donchian Channel (20)

20-period breakout channel position

64%Bullish

Momentum

RSI (14)

Neutral zone

52.9Range
MACD (12,26,9)

Histogram is positive

0.516Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

64.1 / 69.9Bearish
Williams %R (14)

Neutral zone

-35.9Range
CCI (20)

Balanced zone

38.1Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$8.56 (2.15%)Range
Bollinger Bands (20,2)

Width 5.78%

60%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$415.02 / $378.15Range
ATR channel lower / upper

Current Volatility Envelope

$390.55 / $407.67Range

Volume / Money Flow

MFI (14)

Money flow is weak

44.1Bearish
OBV slope

20-period OBV slope

19.19%Bullish
Volume ratio

Relative to 20-period average volume

0.79xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$408.71Range
Support

Nearest Downside Decision Level

$363.8Range

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