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 $274.86 and reclaim $426.98.

Invalidation Trigger

Lose $274.86 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 61.4, MACD 6.823

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $22.14 (5.6%)

Weekly

EMA Structure

Bullish
EMA 8$387.77Bullish
EMA 21$364.98Bullish
EMA 50$359.2Bullish

Signals

CategoryReadStrength
Momentum
RSI 61.4 · MACD 6.823

Momentum is strong

Strength
Bullish
Volatility
ATR $22.14 · BB 49.85%

High volatility

Strength
Bearish
Volume
MFI 77.6 · OBV 31.34%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$274.86 - $426.98

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+13.64% · 2.4 ATR above latest close

$449.12
Nearest resistance

+8.04% · 1.4 ATR above · 34-bar high

$426.98
Current price

Price shown is delayed

$395.2
Nearest support

-30.45% · 5.4 ATR below · 34-bar low

$274.86
Deeper support zone

-36.05% · 6.4 ATR below latest close

$252.72
ATR zone

Latest close ± ATR14

$373.06 - $417.34

Indicators

Trend

Dow Theory Structure

Confirmation $426.98, invalidation $274.86

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

Trend strength is active

42.7 / 45.6 / 6.1Bullish
Supertrend (10,3)

Price is above Supertrend

$318.67Bullish
Ichimoku Cloud

Cloud Span A / Span B

$367.95 / $350.42Bullish
Donchian Channel (20)

20-period breakout channel position

79%Bullish

Volatility

ATR (14)

High volatility

$22.14 (5.6%)Bearish
Bollinger Bands (20,2)

Width 49.85%

76%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$413.77 / $318.28Bearish
ATR channel lower / upper

Current Volatility Envelope

$373.06 / $417.34Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.98Range
Support

Nearest Downside Decision Level

$274.86Range

Momentum

RSI (14)

Momentum is strong

61.4Bullish
MACD (12,26,9)

Histogram is positive

6.823Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

78.0 / 78.7Bearish
Williams %R (14)

Neutral zone

-22.0Range
CCI (20)

Balanced zone

76.4Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

77.6Bullish
OBV slope

20-period OBV slope

31.34%Bullish
Volume ratio

Relative to 20-period average volume

0.96xRange

Trend

Dow Theory Structure

Confirmation $426.98, invalidation $274.86

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

Trend strength is active

42.7 / 45.6 / 6.1Bullish
Supertrend (10,3)

Price is above Supertrend

$318.67Bullish
Ichimoku Cloud

Cloud Span A / Span B

$367.95 / $350.42Bullish
Donchian Channel (20)

20-period breakout channel position

79%Bullish

Momentum

RSI (14)

Momentum is strong

61.4Bullish
MACD (12,26,9)

Histogram is positive

6.823Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

78.0 / 78.7Bearish
Williams %R (14)

Neutral zone

-22.0Range
CCI (20)

Balanced zone

76.4Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$22.14 (5.6%)Bearish
Bollinger Bands (20,2)

Width 49.85%

76%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$413.77 / $318.28Bearish
ATR channel lower / upper

Current Volatility Envelope

$373.06 / $417.34Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

77.6Bullish
OBV slope

20-period OBV slope

31.34%Bullish
Volume ratio

Relative to 20-period average volume

0.96xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.98Range
Support

Nearest Downside Decision Level

$274.86Range

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