US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 monthBullish67%
Monthly Upside probability 67%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 51.4, MACD 9.518

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $53.82 (13.65%)

Monthly

EMA Structure

Bearish
EMA 8$370.35Bullish
EMA 21$377.63Bullish
EMA 50$391.56Bullish

Signals

CategoryReadStrength
Momentum
RSI 51.4 · MACD 9.518

Neutral zone

Strength
Bullish
Volatility
ATR $53.82 · BB 45.90%

High volatility

Strength
Bearish
Volume
MFI 52.2 · OBV -49.50%

Relative to 20-period average volume

Strength
Range
Price Levels
$273.71 - $567.26

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+57.56% · 4.2 ATR above latest close

$621.08
Nearest resistance

+43.9% · 3.2 ATR above · 34-bar high

$567.26
Current price

Price shown is delayed

$394.2
Nearest support

-30.57% · 2.2 ATR below · 34-bar low

$273.71
Deeper support zone

-44.22% · 3.2 ATR below latest close

$219.89
ATR zone

Latest close ± ATR14

$340.38 - $448.02

Indicators

Trend

Dow Theory Structure

Confirmation $383, invalidation $274.84

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

25.5 / 26.1 / 22.2Bullish
Supertrend (10,3)

Price is above Supertrend

$231.5Bullish
Ichimoku Cloud

Cloud Span A / Span B

$388.01 / $420.49Bearish
Donchian Channel (20)

20-period breakout channel position

65%Range

Volatility

ATR (14)

High volatility

$53.82 (13.65%)Bearish
Bollinger Bands (20,2)

Width 45.90%

69%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$477.35 / $275.23Bearish
ATR channel lower / upper

Current Volatility Envelope

$340.38 / $448.02Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$273.71Range

Momentum

RSI (14)

Neutral zone

51.4Range
MACD (12,26,9)

Histogram is positive

9.518Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

74.1 / 70.2Bullish
Williams %R (14)

Neutral zone

-25.9Range
CCI (20)

Balanced zone

47.3Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.2Range
OBV slope

20-period OBV slope

-49.50%Bearish
Volume ratio

Relative to 20-period average volume

0.14xBearish

Trend

Dow Theory Structure

Confirmation $383, invalidation $274.84

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

25.5 / 26.1 / 22.2Bullish
Supertrend (10,3)

Price is above Supertrend

$231.5Bullish
Ichimoku Cloud

Cloud Span A / Span B

$388.01 / $420.49Bearish
Donchian Channel (20)

20-period breakout channel position

65%Range

Momentum

RSI (14)

Neutral zone

51.4Range
MACD (12,26,9)

Histogram is positive

9.518Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

74.1 / 70.2Bullish
Williams %R (14)

Neutral zone

-25.9Range
CCI (20)

Balanced zone

47.3Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

High volatility

$53.82 (13.65%)Bearish
Bollinger Bands (20,2)

Width 45.90%

69%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$477.35 / $275.23Bearish
ATR channel lower / upper

Current Volatility Envelope

$340.38 / $448.02Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.2Range
OBV slope

20-period OBV slope

-49.50%Bearish
Volume ratio

Relative to 20-period average volume

0.14xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$273.71Range

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