US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

4 hoursBearish54%
4h Downside probability 54%Bearish

ELV 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $400.36 and stabilize above resistance $408.71.

Invalidation Trigger

Break above $408.71 with RSI back above 50.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 49.1, MACD -0.391

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.61 (0.9%)

4h

EMA Structure

Bullish
EMA 8$401.23Bearish
EMA 21$400.36Bearish
EMA 50$397.29Bullish

Signals

CategoryReadStrength
Momentum
RSI 49.1 · MACD -0.391

Neutral zone

Strength
Bearish
Volatility
ATR $3.61 · BB 2.58%

Low volatility

Strength
Bullish
Volume
MFI 27.0 · OBV -308.85%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$382 - $408.71

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+3.31% · 3.7 ATR above latest close

$412.32
Nearest resistance

+2.4% · 2.7 ATR above · 34-bar high

$408.71
Current price

Price shown is delayed

$399.11
Nearest support

-4.29% · 4.7 ATR below · 34-bar low

$382
Deeper support zone

-5.19% · 5.7 ATR below latest close

$378.39
ATR zone

Latest close ± ATR14

$395.5 - $402.72

Indicators

Trend

Dow Theory Structure

Confirmation $408.71, invalidation $396

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

Trend strength is active

29.1 / 37.1 / 27.8Bullish
Supertrend (10,3)

Price is above Supertrend

$387.47Bullish
Ichimoku Cloud

Cloud Span A / Span B

$398.85 / $395.35Bullish
Donchian Channel (20)

20-period breakout channel position

34%Range

Volatility

ATR (14)

Low volatility

$3.61 (0.9%)Bullish
Bollinger Bands (20,2)

Width 2.58%

35%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$408.22 / $392.7Bullish
ATR channel lower / upper

Current Volatility Envelope

$395.5 / $402.72Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$408.71Range
Support

Nearest Downside Decision Level

$382Range

Momentum

RSI (14)

Neutral zone

49.1Range
MACD (12,26,9)

Histogram is negative

-0.391Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

24.5 / 39.9Bearish
Williams %R (14)

Neutral zone

-75.5Range
CCI (20)

Balanced zone

-55.4Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

27.0Bearish
OBV slope

20-period OBV slope

-308.85%Bearish
Volume ratio

Relative to 20-period average volume

0.86xBearish

Trend

Dow Theory Structure

Confirmation $408.71, invalidation $396

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

Trend strength is active

29.1 / 37.1 / 27.8Bullish
Supertrend (10,3)

Price is above Supertrend

$387.47Bullish
Ichimoku Cloud

Cloud Span A / Span B

$398.85 / $395.35Bullish
Donchian Channel (20)

20-period breakout channel position

34%Range

Momentum

RSI (14)

Neutral zone

49.1Range
MACD (12,26,9)

Histogram is negative

-0.391Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

24.5 / 39.9Bearish
Williams %R (14)

Neutral zone

-75.5Range
CCI (20)

Balanced zone

-55.4Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$3.61 (0.9%)Bullish
Bollinger Bands (20,2)

Width 2.58%

35%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$408.22 / $392.7Bullish
ATR channel lower / upper

Current Volatility Envelope

$395.5 / $402.72Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

27.0Bearish
OBV slope

20-period OBV slope

-308.85%Bearish
Volume ratio

Relative to 20-period average volume

0.86xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$408.71Range
Support

Nearest Downside Decision Level

$382Range

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