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 53.5, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $88.96 (22.57%)

3M

EMA Structure

Range
EMA 8$382.37Bullish
EMA 21$384.81Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 53.5 · MACD --

Neutral zone

Strength
Bullish
Volatility
ATR $88.96 · BB 61.65%

High volatility

Strength
Bearish
Volume
MFI 36.2 · OBV -59.71%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$171.03 - $567.26

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+66.47% · 2.9 ATR above latest close

$656.22
Nearest resistance

+43.9% · 1.9 ATR above · 29-bar high

$567.26
Current price

Price shown is delayed

$394.2
Nearest support

-56.61% · 2.5 ATR below · 29-bar low

$171.03
Deeper support zone

-79.18% · 3.5 ATR below latest close

$82.07
ATR zone

Latest close ± ATR14

$305.24 - $483.16

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

41%Range

Volatility

ATR (14)

High volatility

$88.96 (22.57%)Bearish
Bollinger Bands (20,2)

Width 61.65%

34%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$582.07 / $191.19Bearish
ATR channel lower / upper

Current Volatility Envelope

$305.24 / $483.16Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$171.03Range

Momentum

RSI (14)

Neutral zone

53.5Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

41.0 / 28.7Bullish
Williams %R (14)

Neutral zone

-59.0Range
CCI (20)

Balanced zone

-50.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

36.2Bearish
OBV slope

20-period OBV slope

-59.71%Bearish
Volume ratio

Relative to 20-period average volume

0.39xBearish

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

41%Range

Momentum

RSI (14)

Neutral zone

53.5Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

41.0 / 28.7Bullish
Williams %R (14)

Neutral zone

-59.0Range
CCI (20)

Balanced zone

-50.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$88.96 (22.57%)Bearish
Bollinger Bands (20,2)

Width 61.65%

34%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$582.07 / $191.19Bearish
ATR channel lower / upper

Current Volatility Envelope

$305.24 / $483.16Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

36.2Bearish
OBV slope

20-period OBV slope

-59.71%Bearish
Volume ratio

Relative to 20-period average volume

0.39xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$567.26Range
Support

Nearest Downside Decision Level

$171.03Range

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