US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 hourBullish76%
1h Upside probability 76%Bullish

ELV 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Hold above $370.47 and reclaim $395.17.

Invalidation Trigger

Lose $370.47 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 60.5, MACD 0.075

1h
Volatility EnvironmentBullish
Low volatility

ATR is $2.03 (0.52%)

1h

EMA Structure

Bullish
EMA 8$393.24Bullish
EMA 21$390.58Bullish
EMA 50$386.46Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.5 · MACD 0.075

Momentum is strong

Strength
Bullish
Volatility
ATR $2.03 · BB 2.36%

Low volatility

Strength
Bullish
Volume
MFI 44.9 · OBV -3.74%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$370.47 - $395.17

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+0.76% · 1.5 ATR above latest close

$397.2
Nearest resistance

+0.25% · 0.5 ATR above · 34-bar high

$395.17
Current price

Price shown is delayed

$394.2
Nearest support

-6.02% · 11.7 ATR below · 34-bar low

$370.47
Deeper support zone

-6.54% · 12.7 ATR below latest close

$368.44
ATR zone

Latest close ± ATR14

$392.17 - $396.23

Indicators

Trend

Dow Theory Structure

Confirmation $393.9, invalidation $387.31

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

Trend strength is active

24.4 / 27.9 / 24.9Bullish
Supertrend (10,3)

Price is above Supertrend

$388.22Bullish
Ichimoku Cloud

Cloud Span A / Span B

$387.03 / $382.82Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Volatility

ATR (14)

Low volatility

$2.03 (0.52%)Bullish
Bollinger Bands (20,2)

Width 2.36%

83%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$394.82 / $386.74Bullish
ATR channel lower / upper

Current Volatility Envelope

$392.17 / $396.23Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$395.17Range
Support

Nearest Downside Decision Level

$370.47Range

Momentum

RSI (14)

Momentum is strong

60.5Bullish
MACD (12,26,9)

Histogram is positive

0.075Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

87.9 / 94.9Bearish
Williams %R (14)

Overbought zone

-12.1Bearish
CCI (20)

Strong expansion

118.9Bullish
TD Sequential

Exhaustion setup is near completion

sell 11Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

44.9Bearish
OBV slope

20-period OBV slope

-3.74%Bearish
Volume ratio

Relative to 20-period average volume

6.88xBullish

Trend

Dow Theory Structure

Confirmation $393.9, invalidation $387.31

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

Trend strength is active

24.4 / 27.9 / 24.9Bullish
Supertrend (10,3)

Price is above Supertrend

$388.22Bullish
Ichimoku Cloud

Cloud Span A / Span B

$387.03 / $382.82Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Momentum

RSI (14)

Momentum is strong

60.5Bullish
MACD (12,26,9)

Histogram is positive

0.075Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

87.9 / 94.9Bearish
Williams %R (14)

Overbought zone

-12.1Bearish
CCI (20)

Strong expansion

118.9Bullish
TD Sequential

Exhaustion setup is near completion

sell 11Bearish

Volatility

ATR (14)

Low volatility

$2.03 (0.52%)Bullish
Bollinger Bands (20,2)

Width 2.36%

83%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$394.82 / $386.74Bullish
ATR channel lower / upper

Current Volatility Envelope

$392.17 / $396.23Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

44.9Bearish
OBV slope

20-period OBV slope

-3.74%Bearish
Volume ratio

Relative to 20-period average volume

6.88xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$395.17Range
Support

Nearest Downside Decision Level

$370.47Range

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