US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

4 hoursBullish80%
4h Upside probability 80%Bullish

ELV 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $375.74 and reclaim $408.65.

Invalidation Trigger

Lose $375.74 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 67.4, MACD 2.574

4h
Volatility EnvironmentBullish
Low volatility

ATR is $4.02 (0.99%)

4h

EMA Structure

Range
EMA 8$398.41Bullish
EMA 21$394.88Bullish
EMA 50$397.28Bullish

Signals

CategoryReadStrength
Momentum
RSI 67.4 · MACD 2.574

Momentum is strong

Strength
Bullish
Volatility
ATR $4.02 · BB 7.24%

Low volatility

Strength
Bullish
Volume
MFI 89.0 · OBV 57.08%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$375.74 - $408.65

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+1.92% · 1.9 ATR above latest close

$412.67
Nearest resistance

+0.93% · 0.9 ATR above · 34-bar high

$408.65
Current price

Price shown is delayed

$404.88
Nearest support

-7.2% · 7.3 ATR below · 34-bar low

$375.74
Deeper support zone

-8.19% · 8.3 ATR below latest close

$371.72
ATR zone

Latest close ± ATR14

$400.86 - $408.9

Indicators

Trend

Dow Theory Structure

Confirmation $396.14, invalidation $385

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

Trend strength is active

37.8 / 40.5 / 17.7Bullish
Supertrend (10,3)

Price is above Supertrend

$392.16Bullish
Ichimoku Cloud

Cloud Span A / Span B

$394.51 / $398.61Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Volatility

ATR (14)

Low volatility

$4.02 (0.99%)Bullish
Bollinger Bands (20,2)

Width 7.24%

98%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$404.14 / $385.67Bullish
ATR channel lower / upper

Current Volatility Envelope

$400.86 / $408.9Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$408.65Range
Support

Nearest Downside Decision Level

$375.74Range

Momentum

RSI (14)

Momentum is strong

67.4Bullish
MACD (12,26,9)

Histogram is positive

2.574Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

86.8 / 91.0Bearish
Williams %R (14)

Overbought zone

-13.2Bearish
CCI (20)

Strong expansion

168.0Bullish
TD Sequential

Exhaustion setup is near completion

sell 11Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

89.0Bullish
OBV slope

20-period OBV slope

57.08%Bullish
Volume ratio

Relative to 20-period average volume

0.96xRange

Trend

Dow Theory Structure

Confirmation $396.14, invalidation $385

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

Trend strength is active

37.8 / 40.5 / 17.7Bullish
Supertrend (10,3)

Price is above Supertrend

$392.16Bullish
Ichimoku Cloud

Cloud Span A / Span B

$394.51 / $398.61Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Momentum

RSI (14)

Momentum is strong

67.4Bullish
MACD (12,26,9)

Histogram is positive

2.574Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

86.8 / 91.0Bearish
Williams %R (14)

Overbought zone

-13.2Bearish
CCI (20)

Strong expansion

168.0Bullish
TD Sequential

Exhaustion setup is near completion

sell 11Bearish

Volatility

ATR (14)

Low volatility

$4.02 (0.99%)Bullish
Bollinger Bands (20,2)

Width 7.24%

98%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$404.14 / $385.67Bullish
ATR channel lower / upper

Current Volatility Envelope

$400.86 / $408.9Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

89.0Bullish
OBV slope

20-period OBV slope

57.08%Bullish
Volume ratio

Relative to 20-period average volume

0.96xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$408.65Range
Support

Nearest Downside Decision Level

$375.74Range

Related Forecasts