US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 hourBullish79%
1h Upside probability 79%Bullish

ELV 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $381.77 and reclaim $398.81.

Invalidation Trigger

Lose $381.77 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 51.3, MACD 0.767

1h
Volatility EnvironmentBullish
Low volatility

ATR is $2.73 (0.7%)

1h

EMA Structure

Range
EMA 8$390.45Bullish
EMA 21$389.87Bullish
EMA 50$392.07Bearish

Signals

CategoryReadStrength
Momentum
RSI 51.3 · MACD 0.767

Neutral zone

Strength
Bullish
Volatility
ATR $2.73 · BB 3.37%

Low volatility

Strength
Bullish
Volume
MFI 50.5 · OBV 0.60%

Relative to 20-period average volume

Strength
Range
Price Levels
$381.77 - $398.81

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.76% · 3.9 ATR above latest close

$401.54
Nearest resistance

+2.06% · 2.9 ATR above · 34-bar high

$398.81
Current price

Price shown is delayed

$390.76
Nearest support

-2.3% · 3.3 ATR below · 34-bar low

$381.77
Deeper support zone

-3% · 4.3 ATR below latest close

$379.04
ATR zone

Latest close ± ATR14

$388.03 - $393.49

Indicators

Trend

Dow Theory Structure

Confirmation $395.2, invalidation $384.57

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

Trend strength is active

34.3 / 43.5 / 20.7Bullish
Supertrend (10,3)

Price is above Supertrend

$383.13Bullish
Ichimoku Cloud

Cloud Span A / Span B

$389.67 / $391.28Bearish
Donchian Channel (20)

20-period breakout channel position

67%Range

Volatility

ATR (14)

Low volatility

$2.73 (0.7%)Bullish
Bollinger Bands (20,2)

Width 3.37%

73%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$394.88 / $384.8Bullish
ATR channel lower / upper

Current Volatility Envelope

$388.03 / $393.49Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$398.81Range
Support

Nearest Downside Decision Level

$381.77Range

Momentum

RSI (14)

Neutral zone

51.3Range
MACD (12,26,9)

Histogram is positive

0.767Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.3 / 66.5Bearish
Williams %R (14)

Neutral zone

-41.7Range
CCI (20)

Balanced zone

67.7Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.5Range
OBV slope

20-period OBV slope

0.60%Bullish
Volume ratio

Relative to 20-period average volume

0.73xBearish

Trend

Dow Theory Structure

Confirmation $395.2, invalidation $384.57

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

Trend strength is active

34.3 / 43.5 / 20.7Bullish
Supertrend (10,3)

Price is above Supertrend

$383.13Bullish
Ichimoku Cloud

Cloud Span A / Span B

$389.67 / $391.28Bearish
Donchian Channel (20)

20-period breakout channel position

67%Range

Momentum

RSI (14)

Neutral zone

51.3Range
MACD (12,26,9)

Histogram is positive

0.767Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.3 / 66.5Bearish
Williams %R (14)

Neutral zone

-41.7Range
CCI (20)

Balanced zone

67.7Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$2.73 (0.7%)Bullish
Bollinger Bands (20,2)

Width 3.37%

73%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$394.88 / $384.8Bullish
ATR channel lower / upper

Current Volatility Envelope

$388.03 / $393.49Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.5Range
OBV slope

20-period OBV slope

0.60%Bullish
Volume ratio

Relative to 20-period average volume

0.73xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$398.81Range
Support

Nearest Downside Decision Level

$381.77Range

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