US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

1 weekBullish84%
Weekly Upside probability 84%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 StateRange
Momentum mixed

RSI 57.8, MACD -0.605

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $25.79 (6.46%)

Weekly

EMA Structure

Bullish
EMA 8$394.51Bullish
EMA 21$382.11Bullish
EMA 50$369.97Bullish

Signals

CategoryReadStrength
Momentum
RSI 57.8 · MACD -0.605

Momentum is strong

Strength
Range
Volatility
ATR $25.79 · BB 23.31%

High volatility

Strength
Bearish
Volume
MFI 50.9 · OBV 35.62%

Relative to 20-period average volume

Strength
Range
Price Levels
$274.84 - $436.24

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+15.77% · 2.4 ATR above latest close

$462.03
Nearest resistance

+9.3% · 1.4 ATR above · 34-bar high

$436.24
Current price

Price shown is delayed

$399.11
Nearest support

-31.14% · 4.8 ATR below · 34-bar low

$274.84
Deeper support zone

-37.6% · 5.8 ATR below latest close

$249.05
ATR zone

Latest close ± ATR14

$373.32 - $424.9

Indicators

Trend

Dow Theory Structure

Confirmation $436.24, invalidation $362.98

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

Trend strength is active

46.2 / 22.3 / 19.7Bullish
Supertrend (10,3)

Price is above Supertrend

$322.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$377.58 / $355.54Bullish
Donchian Channel (20)

20-period breakout channel position

71%Bullish

Volatility

ATR (14)

High volatility

$25.79 (6.46%)Bearish
Bollinger Bands (20,2)

Width 23.31%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$436.56 / $329.59Bearish
ATR channel lower / upper

Current Volatility Envelope

$373.32 / $424.9Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$274.84Range

Momentum

RSI (14)

Momentum is strong

57.8Bullish
MACD (12,26,9)

Histogram is negative

-0.605Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

49.3 / 50.5Bearish
Williams %R (14)

Neutral zone

-50.7Range
CCI (20)

Balanced zone

59.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.9Range
OBV slope

20-period OBV slope

35.62%Bullish
Volume ratio

Relative to 20-period average volume

0.35xBearish

Trend

Dow Theory Structure

Confirmation $436.24, invalidation $362.98

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

Trend strength is active

46.2 / 22.3 / 19.7Bullish
Supertrend (10,3)

Price is above Supertrend

$322.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$377.58 / $355.54Bullish
Donchian Channel (20)

20-period breakout channel position

71%Bullish

Momentum

RSI (14)

Momentum is strong

57.8Bullish
MACD (12,26,9)

Histogram is negative

-0.605Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

49.3 / 50.5Bearish
Williams %R (14)

Neutral zone

-50.7Range
CCI (20)

Balanced zone

59.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$25.79 (6.46%)Bearish
Bollinger Bands (20,2)

Width 23.31%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$436.56 / $329.59Bearish
ATR channel lower / upper

Current Volatility Envelope

$373.32 / $424.9Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.9Range
OBV slope

20-period OBV slope

35.62%Bullish
Volume ratio

Relative to 20-period average volume

0.35xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$436.24Range
Support

Nearest Downside Decision Level

$274.84Range

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