US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

3 monthsRange48%
3M Range probability 96%Range

ELV 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

3M: price is above EMA21, short trend is constructive

Confirmation Trigger

Break either side of $171.03 - $567.26 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

3M
Momentum StateBullish
Momentum improving

RSI 54.7, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $88.96 (21.56%)

3M

EMA Structure

Range
EMA 8$386.45Bullish
EMA 21$386.48Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 54.7 · MACD --

Neutral zone

Strength
Bullish
Volatility
ATR $88.96 · BB 61.10%

High volatility

Strength
Bearish
Volume
MFI 37.3 · OBV -54.64%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$171.03 - $567.26

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+59.06% · 2.7 ATR above latest close

$656.22
Nearest resistance

+37.5% · 1.7 ATR above · 29-bar high

$567.26
Current price

Price shown is delayed

$412.56
Nearest support

-58.54% · 2.7 ATR below · 29-bar low

$171.03
Deeper support zone

-80.11% · 3.7 ATR below latest close

$82.07
ATR zone

Latest close ± ATR14

$323.6 - $501.52

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

$106.45Bullish
Ichimoku Cloud

Cloud Span A / Span B

$401.85 / --Bullish
Donchian Channel (20)

20-period breakout channel position

47%Range

Volatility

ATR (14)

High volatility

$88.96 (21.56%)Bearish
Bollinger Bands (20,2)

Width 61.10%

41%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$583.82 / $192.94Bearish
ATR channel lower / upper

Current Volatility Envelope

$323.6 / $501.52Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$171.03Range

Momentum

RSI (14)

Neutral zone

54.7Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

47.3 / 30.8Bullish
Williams %R (14)

Neutral zone

-52.7Range
CCI (20)

Balanced zone

-43.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

37.3Bearish
OBV slope

20-period OBV slope

-54.64%Bearish
Volume ratio

Relative to 20-period average volume

0.62xBearish

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

$106.45Bullish
Ichimoku Cloud

Cloud Span A / Span B

$401.85 / --Bullish
Donchian Channel (20)

20-period breakout channel position

47%Range

Momentum

RSI (14)

Neutral zone

54.7Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

47.3 / 30.8Bullish
Williams %R (14)

Neutral zone

-52.7Range
CCI (20)

Balanced zone

-43.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$88.96 (21.56%)Bearish
Bollinger Bands (20,2)

Width 61.10%

41%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$583.82 / $192.94Bearish
ATR channel lower / upper

Current Volatility Envelope

$323.6 / $501.52Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

37.3Bearish
OBV slope

20-period OBV slope

-54.64%Bearish
Volume ratio

Relative to 20-period average volume

0.62xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$171.03Range

Related Forecasts