US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

4 hoursBearish84%
4h Downside probability 84%Bearish

ELV 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $393.83 and stabilize above resistance $426.98.

Invalidation Trigger

Break above $426.98 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 45.4, MACD -0.375

4h
Volatility EnvironmentBullish
Low volatility

ATR is $5.7 (1.46%)

4h

EMA Structure

Range
EMA 8$390.42Bullish
EMA 21$393.83Bearish
EMA 50$392.98Bearish

Signals

CategoryReadStrength
Momentum
RSI 45.4 · MACD -0.375

Neutral zone

Strength
Bearish
Volatility
ATR $5.7 · BB 5.83%

Low volatility

Strength
Bullish
Volume
MFI 24.5 · OBV -29.42%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$381.77 - $426.98

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+10.73% · 7.4 ATR above latest close

$432.68
Nearest resistance

+9.27% · 6.4 ATR above · 34-bar high

$426.98
Current price

Price shown is delayed

$390.76
Nearest support

-2.3% · 1.6 ATR below · 34-bar low

$381.77
Deeper support zone

-3.76% · 2.6 ATR below latest close

$376.07
ATR zone

Latest close ± ATR14

$385.06 - $396.46

Indicators

Trend

Dow Theory Structure

Confirmation $381.77, invalidation $398.81

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

49.8 / 19.4 / 32.1Bearish
Supertrend (10,3)

Price is above Supertrend

$374.36Bullish
Ichimoku Cloud

Cloud Span A / Span B

$397.33 / $404.38Bearish
Donchian Channel (20)

20-period breakout channel position

38%Bearish

Volatility

ATR (14)

Low volatility

$5.7 (1.46%)Bullish
Bollinger Bands (20,2)

Width 5.83%

36%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$404.8 / $382.45Bullish
ATR channel lower / upper

Current Volatility Envelope

$385.06 / $396.46Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.98Range
Support

Nearest Downside Decision Level

$381.77Range

Momentum

RSI (14)

Neutral zone

45.4Range
MACD (12,26,9)

Histogram is negative

-0.375Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

52.8 / 46.5Bullish
Williams %R (14)

Neutral zone

-47.2Range
CCI (20)

Balanced zone

-44.0Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

24.5Bearish
OBV slope

20-period OBV slope

-29.42%Bearish
Volume ratio

Relative to 20-period average volume

0.63xBearish

Trend

Dow Theory Structure

Confirmation $381.77, invalidation $398.81

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

49.8 / 19.4 / 32.1Bearish
Supertrend (10,3)

Price is above Supertrend

$374.36Bullish
Ichimoku Cloud

Cloud Span A / Span B

$397.33 / $404.38Bearish
Donchian Channel (20)

20-period breakout channel position

38%Bearish

Momentum

RSI (14)

Neutral zone

45.4Range
MACD (12,26,9)

Histogram is negative

-0.375Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

52.8 / 46.5Bullish
Williams %R (14)

Neutral zone

-47.2Range
CCI (20)

Balanced zone

-44.0Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$5.7 (1.46%)Bullish
Bollinger Bands (20,2)

Width 5.83%

36%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$404.8 / $382.45Bullish
ATR channel lower / upper

Current Volatility Envelope

$385.06 / $396.46Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

24.5Bearish
OBV slope

20-period OBV slope

-29.42%Bearish
Volume ratio

Relative to 20-period average volume

0.63xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.98Range
Support

Nearest Downside Decision Level

$381.77Range

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