US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 hourBearish82%
1h Downside probability 82%Bearish

ELV 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $376.52 and stabilize above resistance $402.33.

Invalidation Trigger

Break above $402.33 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateRange
Momentum mixed

RSI 41.5, MACD 0.913

1h
Volatility EnvironmentBullish
Low volatility

ATR is $3.19 (0.85%)

1h

EMA Structure

Bearish
EMA 8$370.82Bullish
EMA 21$376.52Bearish
EMA 50$389.14Bearish

Signals

CategoryReadStrength
Momentum
RSI 41.5 · MACD 0.913

Momentum is weak

Strength
Range
Volatility
ATR $3.19 · BB 7.91%

Low volatility

Strength
Bullish
Volume
MFI 36.1 · OBV -11.35%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$365.65 - $402.33

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+8.69% · 10.2 ATR above latest close

$405.52
Nearest resistance

+7.83% · 9.2 ATR above · 34-bar high

$402.33
Current price

Price shown is delayed

$373.11
Nearest support

-2% · 2.3 ATR below · 34-bar low

$365.65
Deeper support zone

-2.85% · 3.3 ATR below latest close

$362.46
ATR zone

Latest close ± ATR14

$369.92 - $376.3

Indicators

Trend

Dow Theory Structure

Confirmation $365.65, invalidation $376.43

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

Trend strength is active

53.9 / 17.3 / 26.2Bearish
Supertrend (10,3)

Price is above Supertrend

$363.77Bullish
Ichimoku Cloud

Cloud Span A / Span B

$377.51 / $406.77Bearish
Donchian Channel (20)

20-period breakout channel position

22%Bearish

Volatility

ATR (14)

Low volatility

$3.19 (0.85%)Bullish
Bollinger Bands (20,2)

Width 7.91%

44%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$382.19 / $369.82Bullish
ATR channel lower / upper

Current Volatility Envelope

$369.92 / $376.3Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$402.33Range
Support

Nearest Downside Decision Level

$365.65Range

Momentum

RSI (14)

Momentum is weak

41.5Bearish
MACD (12,26,9)

Histogram is positive

0.913Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.5 / 39.1Bullish
Williams %R (14)

Neutral zone

-41.5Range
CCI (20)

Balanced zone

-23.8Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

36.1Bearish
OBV slope

20-period OBV slope

-11.35%Bearish
Volume ratio

Relative to 20-period average volume

2.95xBullish

Trend

Dow Theory Structure

Confirmation $365.65, invalidation $376.43

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

Trend strength is active

53.9 / 17.3 / 26.2Bearish
Supertrend (10,3)

Price is above Supertrend

$363.77Bullish
Ichimoku Cloud

Cloud Span A / Span B

$377.51 / $406.77Bearish
Donchian Channel (20)

20-period breakout channel position

22%Bearish

Momentum

RSI (14)

Momentum is weak

41.5Bearish
MACD (12,26,9)

Histogram is positive

0.913Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.5 / 39.1Bullish
Williams %R (14)

Neutral zone

-41.5Range
CCI (20)

Balanced zone

-23.8Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Low volatility

$3.19 (0.85%)Bullish
Bollinger Bands (20,2)

Width 7.91%

44%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$382.19 / $369.82Bullish
ATR channel lower / upper

Current Volatility Envelope

$369.92 / $376.3Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

36.1Bearish
OBV slope

20-period OBV slope

-11.35%Bearish
Volume ratio

Relative to 20-period average volume

2.95xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$402.33Range
Support

Nearest Downside Decision Level

$365.65Range

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