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 54.3, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $86.35 (21.33%)

3M

EMA Structure

Range
EMA 8$386.44Bullish
EMA 21$386.19Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 54.3 · MACD --

Neutral zone

Strength
Bullish
Volatility
ATR $86.35 · BB 62.31%

High volatility

Strength
Bearish
Volume
MFI 40.5 · OBV -59.77%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$171.03 - $567.26

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+61.43% · 2.9 ATR above latest close

$653.61
Nearest resistance

+40.11% · 1.9 ATR above · 30-bar high

$567.26
Current price

Price shown is delayed

$404.88
Nearest support

-57.76% · 2.7 ATR below · 30-bar low

$171.03
Deeper support zone

-79.08% · 3.7 ATR below latest close

$84.68
ATR zone

Latest close ± ATR14

$318.53 - $491.23

Indicators

Trend

Dow Theory Structure

Confirmation $567.26, invalidation $273.71

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

Trend strength is active

40.9 / 13.2 / 21.4Bearish
Supertrend (10,3)

Price is above Supertrend

$106.91Bullish
Ichimoku Cloud

Cloud Span A / Span B

$402.44 / --Bullish
Donchian Channel (20)

20-period breakout channel position

45%Range

Volatility

ATR (14)

High volatility

$86.35 (21.33%)Bearish
Bollinger Bands (20,2)

Width 62.31%

39%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$578.09 / $197.72Bearish
ATR channel lower / upper

Current Volatility Envelope

$318.53 / $491.23Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$171.03Range

Momentum

RSI (14)

Neutral zone

54.3Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

44.7 / 40.8Bullish
Williams %R (14)

Neutral zone

-55.3Range
CCI (20)

Balanced zone

-48.3Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

40.5Bearish
OBV slope

20-period OBV slope

-59.77%Bearish
Volume ratio

Relative to 20-period average volume

0.04xBearish

Trend

Dow Theory Structure

Confirmation $567.26, invalidation $273.71

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

Trend strength is active

40.9 / 13.2 / 21.4Bearish
Supertrend (10,3)

Price is above Supertrend

$106.91Bullish
Ichimoku Cloud

Cloud Span A / Span B

$402.44 / --Bullish
Donchian Channel (20)

20-period breakout channel position

45%Range

Momentum

RSI (14)

Neutral zone

54.3Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

44.7 / 40.8Bullish
Williams %R (14)

Neutral zone

-55.3Range
CCI (20)

Balanced zone

-48.3Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$86.35 (21.33%)Bearish
Bollinger Bands (20,2)

Width 62.31%

39%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$578.09 / $197.72Bearish
ATR channel lower / upper

Current Volatility Envelope

$318.53 / $491.23Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

40.5Bearish
OBV slope

20-period OBV slope

-59.77%Bearish
Volume ratio

Relative to 20-period average volume

0.04xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$171.03Range

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