US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 hourBearish69%
1h Downside probability 69%Bearish

ELV 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $417.75 and stabilize above resistance $426.39.

Invalidation Trigger

Break above $426.39 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 39.0, MACD -1.152

1h
Volatility EnvironmentBullish
Low volatility

ATR is $2.64 (0.64%)

1h

EMA Structure

Range
EMA 8$415.76Bearish
EMA 21$417.75Bearish
EMA 50$416.05Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.0 · MACD -1.152

Momentum is weak

Strength
Bearish
Volatility
ATR $2.64 · BB 3.32%

Low volatility

Strength
Bullish
Volume
MFI 5.6 · OBV -147.01%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$411.66 - $426.39

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+3.99% · 6.2 ATR above latest close

$429.03
Nearest resistance

+3.35% · 5.2 ATR above · 34-bar high

$426.39
Current price

Price shown is delayed

$412.56
Nearest support

-0.22% · 0.3 ATR below · 34-bar low

$411.66
Deeper support zone

-0.86% · 1.3 ATR below latest close

$409.01
ATR zone

Latest close ± ATR14

$409.92 - $415.2

Indicators

Trend

Dow Theory Structure

Confirmation $420.79, invalidation $416.77

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

Trend strength is active

28.6 / 15.9 / 37.9Bearish
Supertrend (10,3)

Price is above Supertrend

$405.32Bullish
Ichimoku Cloud

Cloud Span A / Span B

$417.6 / $411.65Bearish
Donchian Channel (20)

20-period breakout channel position

6%Bearish

Volatility

ATR (14)

Low volatility

$2.64 (0.64%)Bullish
Bollinger Bands (20,2)

Width 3.32%

1%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$422.54 / $412.88Bullish
ATR channel lower / upper

Current Volatility Envelope

$409.92 / $415.2Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$411.66Range

Momentum

RSI (14)

Momentum is weak

39.0Bearish
MACD (12,26,9)

Histogram is negative

-1.152Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.2 / 6.5Bullish
Williams %R (14)

Oversold zone

-90.8Bullish
CCI (20)

Weak expansion

-173.3Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

5.6Bearish
OBV slope

20-period OBV slope

-147.01%Bearish
Volume ratio

Relative to 20-period average volume

4.96xBullish

Trend

Dow Theory Structure

Confirmation $420.79, invalidation $416.77

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

Trend strength is active

28.6 / 15.9 / 37.9Bearish
Supertrend (10,3)

Price is above Supertrend

$405.32Bullish
Ichimoku Cloud

Cloud Span A / Span B

$417.6 / $411.65Bearish
Donchian Channel (20)

20-period breakout channel position

6%Bearish

Momentum

RSI (14)

Momentum is weak

39.0Bearish
MACD (12,26,9)

Histogram is negative

-1.152Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.2 / 6.5Bullish
Williams %R (14)

Oversold zone

-90.8Bullish
CCI (20)

Weak expansion

-173.3Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$2.64 (0.64%)Bullish
Bollinger Bands (20,2)

Width 3.32%

1%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$422.54 / $412.88Bullish
ATR channel lower / upper

Current Volatility Envelope

$409.92 / $415.2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

5.6Bearish
OBV slope

20-period OBV slope

-147.01%Bearish
Volume ratio

Relative to 20-period average volume

4.96xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$411.66Range

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