US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 weekBullish72%
Weekly Upside probability 72%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 56.1, MACD -1.853

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $25.05 (6.19%)

Weekly

EMA Structure

Bullish
EMA 8$399.9Bullish
EMA 21$391.02Bullish
EMA 50$377.02Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.1 · MACD -1.853

Momentum is strong

Strength
Bullish
Volatility
ATR $25.05 · BB 13.50%

High volatility

Strength
Bearish
Volume
MFI 54.9 · OBV -2.25%

Relative to 20-period average volume

Strength
Range
Price Levels
$274.84 - $436.24

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+13.95% · 2.3 ATR above latest close

$461.29
Nearest resistance

+7.76% · 1.3 ATR above · 34-bar high

$436.24
Current price

Price shown is delayed

$404.83
Nearest support

-32.11% · 5.2 ATR below · 34-bar low

$274.84
Deeper support zone

-38.3% · 6.2 ATR below latest close

$249.79
ATR zone

Latest close ± ATR14

$379.78 - $429.88

Indicators

Trend

Dow Theory Structure

Confirmation $426.39, invalidation $390.8

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

Trend strength is active

22.2 / 12.9 / 25.4Bearish
Supertrend (10,3)

Price is above Supertrend

$330.74Bullish
Ichimoku Cloud

Cloud Span A / Span B

$386.17 / $355.54Bullish
Donchian Channel (20)

20-period breakout channel position

57%Bullish

Volatility

ATR (14)

High volatility

$25.05 (6.19%)Bearish
Bollinger Bands (20,2)

Width 13.50%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$435.03 / $348.68Bearish
ATR channel lower / upper

Current Volatility Envelope

$379.78 / $429.88Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$274.84Range

Momentum

RSI (14)

Momentum is strong

56.1Bullish
MACD (12,26,9)

Histogram is negative

-1.853Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

57.1 / 44.8Bullish
Williams %R (14)

Neutral zone

-42.9Range
CCI (20)

Balanced zone

0.5Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.9Range
OBV slope

20-period OBV slope

-2.25%Bearish
Volume ratio

Relative to 20-period average volume

0.25xBearish

Trend

Dow Theory Structure

Confirmation $426.39, invalidation $390.8

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

Trend strength is active

22.2 / 12.9 / 25.4Bearish
Supertrend (10,3)

Price is above Supertrend

$330.74Bullish
Ichimoku Cloud

Cloud Span A / Span B

$386.17 / $355.54Bullish
Donchian Channel (20)

20-period breakout channel position

57%Bullish

Momentum

RSI (14)

Momentum is strong

56.1Bullish
MACD (12,26,9)

Histogram is negative

-1.853Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

57.1 / 44.8Bullish
Williams %R (14)

Neutral zone

-42.9Range
CCI (20)

Balanced zone

0.5Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$25.05 (6.19%)Bearish
Bollinger Bands (20,2)

Width 13.50%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$435.03 / $348.68Bearish
ATR channel lower / upper

Current Volatility Envelope

$379.78 / $429.88Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.9Range
OBV slope

20-period OBV slope

-2.25%Bearish
Volume ratio

Relative to 20-period average volume

0.25xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$274.84Range

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