US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

3 monthsBearish60%
3M Downside probability 60%Bearish

ELV 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $409.03 and stabilize above resistance $566.73.

Invalidation Trigger

Break above $566.73 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

3M
Momentum StateBullish
Momentum improving

RSI 54.5, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $87.73 (22.2%)

3M

EMA Structure

Range
EMA 8$380.7Bullish
EMA 21$409.03Bearish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 54.5 · MACD --

Neutral zone

Strength
Bullish
Volatility
ATR $87.73 · BB 62.28%

High volatility

Strength
Bearish
Volume
MFI 28.0 · OBV -157.75%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$244.5 - $566.73

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+65.6% · 3.0 ATR above latest close

$654.46
Nearest resistance

+43.4% · 2.0 ATR above · 24-bar high

$566.73
Current price

Price shown is delayed

$395.2
Nearest support

-38.13% · 1.7 ATR below · 24-bar low

$244.5
Deeper support zone

-60.33% · 2.7 ATR below latest close

$156.77
ATR zone

Latest close ± ATR14

$307.47 - $482.93

Indicators

Trend

Dow Theory Structure

Confirmation $458.3, invalidation $274.86

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

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

$71.26Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

41%Range

Volatility

ATR (14)

High volatility

$87.73 (22.2%)Bearish
Bollinger Bands (20,2)

Width 62.28%

35%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$596.59 / $211.89Bearish
ATR channel lower / upper

Current Volatility Envelope

$307.47 / $482.93Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$566.73Range
Support

Nearest Downside Decision Level

$244.5Range

Momentum

RSI (14)

Neutral zone

54.5Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

41.4 / 24.7Bullish
Williams %R (14)

Neutral zone

-58.6Range
CCI (20)

Balanced zone

-82.0Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

28.0Bearish
OBV slope

20-period OBV slope

-157.75%Bearish
Volume ratio

Relative to 20-period average volume

1.03xRange

Trend

Dow Theory Structure

Confirmation $458.3, invalidation $274.86

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

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

$71.26Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

41%Range

Momentum

RSI (14)

Neutral zone

54.5Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

41.4 / 24.7Bullish
Williams %R (14)

Neutral zone

-58.6Range
CCI (20)

Balanced zone

-82.0Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$87.73 (22.2%)Bearish
Bollinger Bands (20,2)

Width 62.28%

35%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$596.59 / $211.89Bearish
ATR channel lower / upper

Current Volatility Envelope

$307.47 / $482.93Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

28.0Bearish
OBV slope

20-period OBV slope

-157.75%Bearish
Volume ratio

Relative to 20-period average volume

1.03xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$566.73Range
Support

Nearest Downside Decision Level

$244.5Range

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