US stock / ETF

Elevance Health, Inc.

ELV · NYSE · USD

4 hoursBearish91%
4h Downside probability 91%Bearish

ELV 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $392.72 and stabilize above resistance $447.88.

Invalidation Trigger

Break above $447.88 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 32.0, MACD -3.880

4h
Volatility EnvironmentRange
Medium volatility

ATR is $14.89 (3.99%)

4h

EMA Structure

Bearish
EMA 8$378.12Bearish
EMA 21$392.72Bearish
EMA 50$400.64Bearish

Signals

CategoryReadStrength
Momentum
RSI 32.0 · MACD -3.880

Momentum is weak

Strength
Bearish
Volatility
ATR $14.89 · BB 22.11%

Medium volatility

Strength
Range
Volume
MFI 32.1 · OBV 47.27%

Relative to 20-period average volume

Strength
Range
Price Levels
$365.65 - $447.88

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+24.03% · 6.0 ATR above latest close

$462.77
Nearest resistance

+20.04% · 5.0 ATR above · 34-bar high

$447.88
Current price

Price shown is delayed

$373.11
Nearest support

-2% · 0.5 ATR below · 34-bar low

$365.65
Deeper support zone

-5.99% · 1.5 ATR below latest close

$350.76
ATR zone

Latest close ± ATR14

$358.22 - $388

Indicators

Trend

Dow Theory Structure

Confirmation $370, invalidation $402.33

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

Trend strength is active

23.5 / 20.8 / 33.6Bearish
Supertrend (10,3)

Price is above Supertrend

$341.34Bullish
Ichimoku Cloud

Cloud Span A / Span B

$395.38 / $406.77Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Volatility

ATR (14)

Medium volatility

$14.89 (3.99%)Range
Bollinger Bands (20,2)

Width 22.11%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$413.15 / $370.87Range
ATR channel lower / upper

Current Volatility Envelope

$358.22 / $388Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$447.88Range
Support

Nearest Downside Decision Level

$365.65Range

Momentum

RSI (14)

Momentum is weak

32.0Bearish
MACD (12,26,9)

Histogram is negative

-3.880Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.1 / 4.8Bullish
Williams %R (14)

Oversold zone

-90.9Bullish
CCI (20)

Balanced zone

-90.9Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

32.1Bearish
OBV slope

20-period OBV slope

47.27%Bullish
Volume ratio

Relative to 20-period average volume

1.08xRange

Trend

Dow Theory Structure

Confirmation $370, invalidation $402.33

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

Trend strength is active

23.5 / 20.8 / 33.6Bearish
Supertrend (10,3)

Price is above Supertrend

$341.34Bullish
Ichimoku Cloud

Cloud Span A / Span B

$395.38 / $406.77Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Momentum

RSI (14)

Momentum is weak

32.0Bearish
MACD (12,26,9)

Histogram is negative

-3.880Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.1 / 4.8Bullish
Williams %R (14)

Oversold zone

-90.9Bullish
CCI (20)

Balanced zone

-90.9Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Medium volatility

$14.89 (3.99%)Range
Bollinger Bands (20,2)

Width 22.11%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$413.15 / $370.87Range
ATR channel lower / upper

Current Volatility Envelope

$358.22 / $388Range

Volume / Money Flow

MFI (14)

Money flow is weak

32.1Bearish
OBV slope

20-period OBV slope

47.27%Bullish
Volume ratio

Relative to 20-period average volume

1.08xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$447.88Range
Support

Nearest Downside Decision Level

$365.65Range

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