US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

12 hoursBearish59%
12h Downside probability 59%Bearish

ELV 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $393.94 and stabilize above resistance $426.98.

Invalidation Trigger

Break above $426.98 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 49.2, MACD -3.397

12h
Volatility EnvironmentRange
Medium volatility

ATR is $9.94 (2.54%)

12h

EMA Structure

Range
EMA 8$392.09Bearish
EMA 21$393.94Bearish
EMA 50$380.29Bullish

Signals

CategoryReadStrength
Momentum
RSI 49.2 · MACD -3.397

Neutral zone

Strength
Bearish
Volatility
ATR $9.94 · BB 10.73%

Medium volatility

Strength
Range
Volume
MFI 45.8 · OBV -4.69%

Relative to 20-period average volume

Strength
Range
Price Levels
$371.28 - $426.98

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+11.81% · 4.6 ATR above latest close

$436.92
Nearest resistance

+9.27% · 3.6 ATR above · 34-bar high

$426.98
Current price

Price shown is delayed

$390.76
Nearest support

-4.99% · 2.0 ATR below · 34-bar low

$371.28
Deeper support zone

-7.53% · 3.0 ATR below latest close

$361.34
ATR zone

Latest close ± ATR14

$380.82 - $400.7

Indicators

Trend

Dow Theory Structure

Confirmation $381.77, invalidation $398.81

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

Trend strength is moderate

19.3 / 16.0 / 32.9Bearish
Supertrend (10,3)

Price is above Supertrend

$365.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$398.99 / $367.05Bearish
Donchian Channel (20)

20-period breakout channel position

20%Range

Volatility

ATR (14)

Medium volatility

$9.94 (2.54%)Range
Bollinger Bands (20,2)

Width 10.73%

30%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$411.17 / $377.13Range
ATR channel lower / upper

Current Volatility Envelope

$380.82 / $400.7Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.98Range
Support

Nearest Downside Decision Level

$371.28Range

Momentum

RSI (14)

Neutral zone

49.2Range
MACD (12,26,9)

Histogram is negative

-3.397Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.9 / 12.5Bullish
Williams %R (14)

Oversold zone

-80.1Bullish
CCI (20)

Balanced zone

-71.9Range
TD Sequential

Exhaustion setup is near completion

buy 12Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.8Range
OBV slope

20-period OBV slope

-4.69%Bearish
Volume ratio

Relative to 20-period average volume

0.54xBearish

Trend

Dow Theory Structure

Confirmation $381.77, invalidation $398.81

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

Trend strength is moderate

19.3 / 16.0 / 32.9Bearish
Supertrend (10,3)

Price is above Supertrend

$365.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$398.99 / $367.05Bearish
Donchian Channel (20)

20-period breakout channel position

20%Range

Momentum

RSI (14)

Neutral zone

49.2Range
MACD (12,26,9)

Histogram is negative

-3.397Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.9 / 12.5Bullish
Williams %R (14)

Oversold zone

-80.1Bullish
CCI (20)

Balanced zone

-71.9Range
TD Sequential

Exhaustion setup is near completion

buy 12Bullish

Volatility

ATR (14)

Medium volatility

$9.94 (2.54%)Range
Bollinger Bands (20,2)

Width 10.73%

30%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$411.17 / $377.13Range
ATR channel lower / upper

Current Volatility Envelope

$380.82 / $400.7Range

Volume / Money Flow

MFI (14)

Money flow is neutral

45.8Range
OBV slope

20-period OBV slope

-4.69%Bearish
Volume ratio

Relative to 20-period average volume

0.54xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.98Range
Support

Nearest Downside Decision Level

$371.28Range

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