US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

4 hoursBullish57%
4h Upside probability 57%Bullish

ELV 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $391.4 and reclaim $426.39.

Invalidation Trigger

Lose $391.4 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 49.0, MACD -1.006

4h
Volatility EnvironmentBullish
Low volatility

ATR is $4.91 (1.19%)

4h

EMA Structure

Bullish
EMA 8$416.37Bearish
EMA 21$414.59Bearish
EMA 50$409.16Bullish

Signals

CategoryReadStrength
Momentum
RSI 49.0 · MACD -1.006

Neutral zone

Strength
Bearish
Volatility
ATR $4.91 · BB 7.61%

Low volatility

Strength
Bullish
Volume
MFI 14.2 · OBV -89.31%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$391.4 - $426.39

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+4.54% · 3.8 ATR above latest close

$431.3
Nearest resistance

+3.35% · 2.8 ATR above · 34-bar high

$426.39
Current price

Price shown is delayed

$412.56
Nearest support

-5.13% · 4.3 ATR below · 34-bar low

$391.4
Deeper support zone

-6.32% · 5.3 ATR below latest close

$386.49
ATR zone

Latest close ± ATR14

$407.65 - $417.47

Indicators

Trend

Dow Theory Structure

Confirmation $426.3, invalidation $415.81

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

Trend strength is active

35.2 / 28.6 / 24.5Bullish
Supertrend (10,3)

Price is above Supertrend

$398.78Bullish
Ichimoku Cloud

Cloud Span A / Span B

$413.94 / $408.59Bearish
Donchian Channel (20)

20-period breakout channel position

60%Range

Volatility

ATR (14)

Low volatility

$4.91 (1.19%)Bullish
Bollinger Bands (20,2)

Width 7.61%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$424 / $405.62Bullish
ATR channel lower / upper

Current Volatility Envelope

$407.65 / $417.47Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$391.4Range

Momentum

RSI (14)

Neutral zone

49.0Range
MACD (12,26,9)

Histogram is negative

-1.006Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.1 / 21.2Bearish
Williams %R (14)

Oversold zone

-93.9Bullish
CCI (20)

Balanced zone

-31.3Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

14.2Bearish
OBV slope

20-period OBV slope

-89.31%Bearish
Volume ratio

Relative to 20-period average volume

2.00xBullish

Trend

Dow Theory Structure

Confirmation $426.3, invalidation $415.81

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

Trend strength is active

35.2 / 28.6 / 24.5Bullish
Supertrend (10,3)

Price is above Supertrend

$398.78Bullish
Ichimoku Cloud

Cloud Span A / Span B

$413.94 / $408.59Bearish
Donchian Channel (20)

20-period breakout channel position

60%Range

Momentum

RSI (14)

Neutral zone

49.0Range
MACD (12,26,9)

Histogram is negative

-1.006Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.1 / 21.2Bearish
Williams %R (14)

Oversold zone

-93.9Bullish
CCI (20)

Balanced zone

-31.3Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Low volatility

$4.91 (1.19%)Bullish
Bollinger Bands (20,2)

Width 7.61%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$424 / $405.62Bullish
ATR channel lower / upper

Current Volatility Envelope

$407.65 / $417.47Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

14.2Bearish
OBV slope

20-period OBV slope

-89.31%Bearish
Volume ratio

Relative to 20-period average volume

2.00xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$426.39Range
Support

Nearest Downside Decision Level

$391.4Range

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