US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 hourBearish87%
1h Downside probability 87%Bearish

ELV 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $401.14 and stabilize above resistance $408.71.

Invalidation Trigger

Break above $408.71 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 45.5, MACD -0.314

1h
Volatility EnvironmentBullish
Low volatility

ATR is $2.3 (0.58%)

1h

EMA Structure

Range
EMA 8$400.56Bearish
EMA 21$401.14Bearish
EMA 50$400.67Bearish

Signals

CategoryReadStrength
Momentum
RSI 45.5 · MACD -0.314

Neutral zone

Strength
Bearish
Volatility
ATR $2.3 · BB 2.33%

Low volatility

Strength
Bullish
Volume
MFI 11.2 · OBV -78.68%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$396 - $408.71

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+2.98% · 5.2 ATR above latest close

$411.01
Nearest resistance

+2.4% · 4.2 ATR above · 34-bar high

$408.71
Current price

Price shown is delayed

$399.11
Nearest support

-0.78% · 1.4 ATR below · 34-bar low

$396
Deeper support zone

-1.36% · 2.4 ATR below latest close

$393.7
ATR zone

Latest close ± ATR14

$396.81 - $401.41

Indicators

Trend

Dow Theory Structure

Confirmation $396, invalidation $403.94

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

Trend strength is moderate

14.9 / 25.8 / 40.2Bearish
Supertrend (10,3)

Price is above Supertrend

$391.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$401.16 / $401.47Bearish
Donchian Channel (20)

20-period breakout channel position

24%Bearish

Volatility

ATR (14)

Low volatility

$2.3 (0.58%)Bullish
Bollinger Bands (20,2)

Width 2.33%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$406.13 / $396.12Bullish
ATR channel lower / upper

Current Volatility Envelope

$396.81 / $401.41Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$408.71Range
Support

Nearest Downside Decision Level

$396Range

Momentum

RSI (14)

Neutral zone

45.5Range
MACD (12,26,9)

Histogram is negative

-0.314Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

36.2 / 37.8Bearish
Williams %R (14)

Neutral zone

-63.8Range
CCI (20)

Balanced zone

-70.8Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

11.2Bearish
OBV slope

20-period OBV slope

-78.68%Bearish
Volume ratio

Relative to 20-period average volume

2.17xBullish

Trend

Dow Theory Structure

Confirmation $396, invalidation $403.94

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

Trend strength is moderate

14.9 / 25.8 / 40.2Bearish
Supertrend (10,3)

Price is above Supertrend

$391.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$401.16 / $401.47Bearish
Donchian Channel (20)

20-period breakout channel position

24%Bearish

Momentum

RSI (14)

Neutral zone

45.5Range
MACD (12,26,9)

Histogram is negative

-0.314Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

36.2 / 37.8Bearish
Williams %R (14)

Neutral zone

-63.8Range
CCI (20)

Balanced zone

-70.8Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$2.3 (0.58%)Bullish
Bollinger Bands (20,2)

Width 2.33%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$406.13 / $396.12Bullish
ATR channel lower / upper

Current Volatility Envelope

$396.81 / $401.41Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

11.2Bearish
OBV slope

20-period OBV slope

-78.68%Bearish
Volume ratio

Relative to 20-period average volume

2.17xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$408.71Range
Support

Nearest Downside Decision Level

$396Range

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