US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 weekBullish92%
Weekly Upside probability 92%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 above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 60.0, MACD 0.545

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $25.85 (6.27%)

Weekly

EMA Structure

Bullish
EMA 8$403.96Bullish
EMA 21$389.5Bullish
EMA 50$374.67Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.0 · MACD 0.545

Momentum is strong

Strength
Bullish
Volatility
ATR $25.85 · BB 14.09%

High volatility

Strength
Bearish
Volume
MFI 51.4 · OBV 13.32%

Relative to 20-period average volume

Strength
Range
Price Levels
$274.84 - $436.24

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+12.01% · 1.9 ATR above latest close

$462.09
Nearest resistance

+5.74% · 0.9 ATR above · 34-bar high

$436.24
Current price

Price shown is delayed

$412.56
Nearest support

-33.38% · 5.3 ATR below · 34-bar low

$274.84
Deeper support zone

-39.65% · 6.3 ATR below latest close

$248.99
ATR zone

Latest close ± ATR14

$386.71 - $438.41

Indicators

Trend

Dow Theory Structure

Confirmation $436.24, invalidation $390.8

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

Trend strength is active

36.0 / 18.3 / 19.5Bearish
Supertrend (10,3)

Price is above Supertrend

$338.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$377.02 / $355.54Bullish
Donchian Channel (20)

20-period breakout channel position

68%Bullish

Volatility

ATR (14)

High volatility

$25.85 (6.27%)Bearish
Bollinger Bands (20,2)

Width 14.09%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$444.01 / $337.05Bearish
ATR channel lower / upper

Current Volatility Envelope

$386.71 / $438.41Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$274.84Range

Momentum

RSI (14)

Momentum is strong

60.0Bullish
MACD (12,26,9)

Histogram is positive

0.545Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.7 / 68.2Bearish
Williams %R (14)

Neutral zone

-32.3Range
CCI (20)

Strong expansion

129.8Bullish
TD Sequential

Setup is not extreme

sell 6Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.4Range
OBV slope

20-period OBV slope

13.32%Bullish
Volume ratio

Relative to 20-period average volume

0.53xBearish

Trend

Dow Theory Structure

Confirmation $436.24, invalidation $390.8

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

Trend strength is active

36.0 / 18.3 / 19.5Bearish
Supertrend (10,3)

Price is above Supertrend

$338.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$377.02 / $355.54Bullish
Donchian Channel (20)

20-period breakout channel position

68%Bullish

Momentum

RSI (14)

Momentum is strong

60.0Bullish
MACD (12,26,9)

Histogram is positive

0.545Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.7 / 68.2Bearish
Williams %R (14)

Neutral zone

-32.3Range
CCI (20)

Strong expansion

129.8Bullish
TD Sequential

Setup is not extreme

sell 6Bearish

Volatility

ATR (14)

High volatility

$25.85 (6.27%)Bearish
Bollinger Bands (20,2)

Width 14.09%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$444.01 / $337.05Bearish
ATR channel lower / upper

Current Volatility Envelope

$386.71 / $438.41Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.4Range
OBV slope

20-period OBV slope

13.32%Bullish
Volume ratio

Relative to 20-period average volume

0.53xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$274.84Range

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