US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 monthBullish75%
Monthly Upside probability 75%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 $273.86 and reclaim $566.73.

Invalidation Trigger

Lose $273.86 and MACD turns lower again.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

Monthly
Momentum StateBullish
Momentum improving

RSI 51.5, MACD 7.517

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $52.33 (13.24%)

Monthly

EMA Structure

Bearish
EMA 8$362.05Bullish
EMA 21$376.74Bullish
EMA 50$395.77Bearish

Signals

CategoryReadStrength
Momentum
RSI 51.5 · MACD 7.517

Neutral zone

Strength
Bullish
Volatility
ATR $52.33 · BB 46.72%

High volatility

Strength
Bearish
Volume
MFI 48.1 · OBV 21.05%

Relative to 20-period average volume

Strength
Range
Price Levels
$273.86 - $566.73

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+56.64% · 4.3 ATR above latest close

$619.06
Nearest resistance

+43.4% · 3.3 ATR above · 34-bar high

$566.73
Current price

Price shown is delayed

$395.2
Nearest support

-30.7% · 2.3 ATR below · 34-bar low

$273.86
Deeper support zone

-43.94% · 3.3 ATR below latest close

$221.53
ATR zone

Latest close ± ATR14

$342.87 - $447.53

Indicators

Trend

Dow Theory Structure

Confirmation $382.58, invalidation $274.86

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

Trend strength is active

30.9 / 27.0 / 25.9Bullish
Supertrend (10,3)

Price is above Supertrend

$262.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$385.61 / $420.3Bearish
Donchian Channel (20)

20-period breakout channel position

66%Range

Volatility

ATR (14)

High volatility

$52.33 (13.24%)Bearish
Bollinger Bands (20,2)

Width 46.72%

69%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$469.57 / $280.59Bearish
ATR channel lower / upper

Current Volatility Envelope

$342.87 / $447.53Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$566.73Range
Support

Nearest Downside Decision Level

$273.86Range

Momentum

RSI (14)

Neutral zone

51.5Range
MACD (12,26,9)

Histogram is positive

7.517Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

79.2 / 66.7Bullish
Williams %R (14)

Neutral zone

-20.8Range
CCI (20)

Balanced zone

71.1Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.1Range
OBV slope

20-period OBV slope

21.05%Bullish
Volume ratio

Relative to 20-period average volume

0.75xBearish

Trend

Dow Theory Structure

Confirmation $382.58, invalidation $274.86

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

Trend strength is active

30.9 / 27.0 / 25.9Bullish
Supertrend (10,3)

Price is above Supertrend

$262.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$385.61 / $420.3Bearish
Donchian Channel (20)

20-period breakout channel position

66%Range

Momentum

RSI (14)

Neutral zone

51.5Range
MACD (12,26,9)

Histogram is positive

7.517Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

79.2 / 66.7Bullish
Williams %R (14)

Neutral zone

-20.8Range
CCI (20)

Balanced zone

71.1Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$52.33 (13.24%)Bearish
Bollinger Bands (20,2)

Width 46.72%

69%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$469.57 / $280.59Bearish
ATR channel lower / upper

Current Volatility Envelope

$342.87 / $447.53Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.1Range
OBV slope

20-period OBV slope

21.05%Bullish
Volume ratio

Relative to 20-period average volume

0.75xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$566.73Range
Support

Nearest Downside Decision Level

$273.86Range

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