US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 weekBullish74%
Weekly Upside probability 74%Bullish

ELV 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $274.84 and reclaim $436.24.

Invalidation Trigger

Lose $274.84 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 51.3, MACD 2.890

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $27.96 (7.49%)

Weekly

EMA Structure

Bullish
EMA 8$393.47Bearish
EMA 21$373.93Bearish
EMA 50$364.02Bullish

Signals

CategoryReadStrength
Momentum
RSI 51.3 · MACD 2.890

Neutral zone

Strength
Bullish
Volatility
ATR $27.96 · BB 52.73%

High volatility

Strength
Bearish
Volume
MFI 69.5 · OBV 54.89%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$274.84 - $436.24

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+24.41% · 3.3 ATR above latest close

$464.2
Nearest resistance

+16.92% · 2.3 ATR above · 34-bar high

$436.24
Current price

Price shown is delayed

$373.11
Nearest support

-26.34% · 3.5 ATR below · 34-bar low

$274.84
Deeper support zone

-33.83% · 4.5 ATR below latest close

$246.88
ATR zone

Latest close ± ATR14

$345.15 - $401.07

Indicators

Trend

Dow Theory Structure

Confirmation $426.98, invalidation $381.24

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

Trend strength is active

49.6 / 37.6 / 15.3Bullish
Supertrend (10,3)

Price is above Supertrend

$313.36Bullish
Ichimoku Cloud

Cloud Span A / Span B

$378.17 / $354.98Bearish
Donchian Channel (20)

20-period breakout channel position

61%Range

Volatility

ATR (14)

High volatility

$27.96 (7.49%)Bearish
Bollinger Bands (20,2)

Width 52.73%

57%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$433.37 / $316.77Bearish
ATR channel lower / upper

Current Volatility Envelope

$345.15 / $401.07Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$274.84Range

Momentum

RSI (14)

Neutral zone

51.3Range
MACD (12,26,9)

Histogram is positive

2.890Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

51.4 / 78.7Bearish
Williams %R (14)

Neutral zone

-48.6Range
CCI (20)

Balanced zone

50.9Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

69.5Bullish
OBV slope

20-period OBV slope

54.89%Bullish
Volume ratio

Relative to 20-period average volume

1.34xBullish

Trend

Dow Theory Structure

Confirmation $426.98, invalidation $381.24

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

Trend strength is active

49.6 / 37.6 / 15.3Bullish
Supertrend (10,3)

Price is above Supertrend

$313.36Bullish
Ichimoku Cloud

Cloud Span A / Span B

$378.17 / $354.98Bearish
Donchian Channel (20)

20-period breakout channel position

61%Range

Momentum

RSI (14)

Neutral zone

51.3Range
MACD (12,26,9)

Histogram is positive

2.890Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

51.4 / 78.7Bearish
Williams %R (14)

Neutral zone

-48.6Range
CCI (20)

Balanced zone

50.9Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$27.96 (7.49%)Bearish
Bollinger Bands (20,2)

Width 52.73%

57%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$433.37 / $316.77Bearish
ATR channel lower / upper

Current Volatility Envelope

$345.15 / $401.07Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

69.5Bullish
OBV slope

20-period OBV slope

54.89%Bullish
Volume ratio

Relative to 20-period average volume

1.34xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$274.84Range

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