US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

3 monthsBearish66%
3M Downside probability 66%Bearish

ELV 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

3M: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $382.89 and stabilize above resistance $567.26.

Invalidation Trigger

Break above $567.26 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

3M
Momentum StateBullish
Momentum improving

RSI 51.8, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $88.79 (23.8%)

3M

EMA Structure

Range
EMA 8$377.68Bearish
EMA 21$382.89Bearish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 51.8 · MACD --

Neutral zone

Strength
Bullish
Volatility
ATR $88.79 · BB 62.55%

High volatility

Strength
Bearish
Volume
MFI 35.5 · OBV -72.75%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$171.03 - $567.26

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+75.83% · 3.2 ATR above latest close

$656.05
Nearest resistance

+52.04% · 2.2 ATR above · 29-bar high

$567.26
Current price

Price shown is delayed

$373.11
Nearest support

-54.16% · 2.3 ATR below · 29-bar low

$171.03
Deeper support zone

-77.96% · 3.3 ATR below latest close

$82.24
ATR zone

Latest close ± ATR14

$284.32 - $461.9

Indicators

Trend

Dow Theory Structure

Confirmation $458.75, invalidation $274.84

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

Trend strength is active

42.9 / 12.8 / 21.7Bearish
Supertrend (10,3)

Price is above Supertrend

$108.37Bullish
Ichimoku Cloud

Cloud Span A / Span B

$401.85 / --Bearish
Donchian Channel (20)

20-period breakout channel position

34%Range

Volatility

ATR (14)

High volatility

$88.79 (23.8%)Bearish
Bollinger Bands (20,2)

Width 62.55%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$579.58 / $189.66Bearish
ATR channel lower / upper

Current Volatility Envelope

$284.32 / $461.9Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$171.03Range

Momentum

RSI (14)

Neutral zone

51.8Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

33.9 / 26.3Bullish
Williams %R (14)

Neutral zone

-66.1Range
CCI (20)

Balanced zone

-58.2Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

35.5Bearish
OBV slope

20-period OBV slope

-72.75%Bearish
Volume ratio

Relative to 20-period average volume

0.23xBearish

Trend

Dow Theory Structure

Confirmation $458.75, invalidation $274.84

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

Trend strength is active

42.9 / 12.8 / 21.7Bearish
Supertrend (10,3)

Price is above Supertrend

$108.37Bullish
Ichimoku Cloud

Cloud Span A / Span B

$401.85 / --Bearish
Donchian Channel (20)

20-period breakout channel position

34%Range

Momentum

RSI (14)

Neutral zone

51.8Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

33.9 / 26.3Bullish
Williams %R (14)

Neutral zone

-66.1Range
CCI (20)

Balanced zone

-58.2Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$88.79 (23.8%)Bearish
Bollinger Bands (20,2)

Width 62.55%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$579.58 / $189.66Bearish
ATR channel lower / upper

Current Volatility Envelope

$284.32 / $461.9Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

35.5Bearish
OBV slope

20-period OBV slope

-72.75%Bearish
Volume ratio

Relative to 20-period average volume

0.23xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$171.03Range

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