US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 monthBullish71%
Monthly Upside probability 71%Bullish

ELV 1M chart

EMA21EMA50Bollinger
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Market View

Market Shift

Monthly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Hold above $273.71 and reclaim $567.26.

Invalidation Trigger

Lose $273.71 and MACD turns lower again.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

Monthly
Momentum StateBullish
Momentum improving

RSI 54.1, MACD 11.325

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $48.36 (11.72%)

Monthly

EMA Structure

Bearish
EMA 8$379.43Bullish
EMA 21$380.66Bullish
EMA 50$392.32Bullish

Signals

CategoryReadStrength
Momentum
RSI 54.1 · MACD 11.325

Neutral zone

Strength
Bullish
Volatility
ATR $48.36 · BB 46.66%

High volatility

Strength
Bearish
Volume
MFI 59.6 · OBV -44.43%

Relative to 20-period average volume

Strength
Range
Price Levels
$273.71 - $567.26

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+49.22% · 4.2 ATR above latest close

$615.62
Nearest resistance

+37.5% · 3.2 ATR above · 34-bar high

$567.26
Current price

Price shown is delayed

$412.56
Nearest support

-33.66% · 2.9 ATR below · 34-bar low

$273.71
Deeper support zone

-45.38% · 3.9 ATR below latest close

$225.35
ATR zone

Latest close ± ATR14

$364.2 - $460.92

Indicators

Trend

Dow Theory Structure

Confirmation $436.24, invalidation $362.98

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

Trend strength is active

24.4 / 31.5 / 10.8Bullish
Supertrend (10,3)

Price is above Supertrend

$254.76Bullish
Ichimoku Cloud

Cloud Span A / Span B

$388.01 / $420.49Bearish
Donchian Channel (20)

20-period breakout channel position

75%Range

Volatility

ATR (14)

High volatility

$48.36 (11.72%)Bearish
Bollinger Bands (20,2)

Width 46.66%

80%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$482.35 / $276.83Bearish
ATR channel lower / upper

Current Volatility Envelope

$364.2 / $460.92Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$273.71Range

Momentum

RSI (14)

Neutral zone

54.1Range
MACD (12,26,9)

Histogram is positive

11.325Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

85.4 / 73.8Bullish
Williams %R (14)

Overbought zone

-14.6Bearish
CCI (20)

Balanced zone

86.5Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

59.6Bullish
OBV slope

20-period OBV slope

-44.43%Bearish
Volume ratio

Relative to 20-period average volume

0.34xBearish

Trend

Dow Theory Structure

Confirmation $436.24, invalidation $362.98

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

Trend strength is active

24.4 / 31.5 / 10.8Bullish
Supertrend (10,3)

Price is above Supertrend

$254.76Bullish
Ichimoku Cloud

Cloud Span A / Span B

$388.01 / $420.49Bearish
Donchian Channel (20)

20-period breakout channel position

75%Range

Momentum

RSI (14)

Neutral zone

54.1Range
MACD (12,26,9)

Histogram is positive

11.325Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

85.4 / 73.8Bullish
Williams %R (14)

Overbought zone

-14.6Bearish
CCI (20)

Balanced zone

86.5Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volatility

ATR (14)

High volatility

$48.36 (11.72%)Bearish
Bollinger Bands (20,2)

Width 46.66%

80%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$482.35 / $276.83Bearish
ATR channel lower / upper

Current Volatility Envelope

$364.2 / $460.92Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

59.6Bullish
OBV slope

20-period OBV slope

-44.43%Bearish
Volume ratio

Relative to 20-period average volume

0.34xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$273.71Range

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