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 53.8, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $88.96 (22.29%)

3M

EMA Structure

Range
EMA 8$383.46Bullish
EMA 21$385.25Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 53.8 · MACD --

Neutral zone

Strength
Bullish
Volatility
ATR $88.96 · BB 61.48%

High volatility

Strength
Bearish
Volume
MFI 36.6 · OBV -57.69%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$171.03 - $567.26

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+64.42% · 2.9 ATR above latest close

$656.22
Nearest resistance

+42.13% · 1.9 ATR above · 29-bar high

$567.26
Current price

Price shown is delayed

$399.11
Nearest support

-57.15% · 2.6 ATR below · 29-bar low

$171.03
Deeper support zone

-79.44% · 3.6 ATR below latest close

$82.07
ATR zone

Latest close ± ATR14

$310.15 - $488.07

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 / --Bearish
Donchian Channel (20)

20-period breakout channel position

43%Range

Volatility

ATR (14)

High volatility

$88.96 (22.29%)Bearish
Bollinger Bands (20,2)

Width 61.48%

36%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$582.54 / $191.66Bearish
ATR channel lower / upper

Current Volatility Envelope

$310.15 / $488.07Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$171.03Range

Momentum

RSI (14)

Neutral zone

53.8Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

42.7 / 29.2Bullish
Williams %R (14)

Neutral zone

-57.3Range
CCI (20)

Balanced zone

-49.0Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

36.6Bearish
OBV slope

20-period OBV slope

-57.69%Bearish
Volume ratio

Relative to 20-period average volume

0.48xBearish

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 / --Bearish
Donchian Channel (20)

20-period breakout channel position

43%Range

Momentum

RSI (14)

Neutral zone

53.8Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

42.7 / 29.2Bullish
Williams %R (14)

Neutral zone

-57.3Range
CCI (20)

Balanced zone

-49.0Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$88.96 (22.29%)Bearish
Bollinger Bands (20,2)

Width 61.48%

36%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$582.54 / $191.66Bearish
ATR channel lower / upper

Current Volatility Envelope

$310.15 / $488.07Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

36.6Bearish
OBV slope

20-period OBV slope

-57.69%Bearish
Volume ratio

Relative to 20-period average volume

0.48xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$171.03Range

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