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ELV (ELV) — Downtrend in force
ELV (ELV) is trading at $396.34, +3.61 (+46.4%) on the session. Over the last 128 sessions the trend is down with a +31.0% move. Price is -7.1% from its 6-month high and +31.0% from its 6-month low. Annualised volatility (30-day) is ~25%.
Probability scenarios
Bearish bias — 1 bullish, 6 bearish, 1 neutral of 8 signals.
Trend Downtrend in force
ELV (ELV) is trading at $396.34. Over the last 128 sessions the trend is **down** with a +31.0% move.
Price is -7.1% from the 6-month high and +31.0% from the low. Annualised volatility (30-day) is ~25%.
Price is on the 15-day MA ($398.50) and below the 50-day SMA ($397.92).
Bollinger Bands Inside the bands — range-bound
Bollinger Bands (20, 2): price is at $396.34, upper $426.07, middle $402.57, lower $379.07. Price is inside the bands — range-bound.
Bandwidth is 11.7% of price — moderate. Width contraction often precedes a directional breakout; expansion confirms one underway.
RSI (14) Below 50
RSI(14) is 38.9. Momentum has faded; the bullish case needs rebuilding.
Generally: above 70 = overheated, above 50 = bullish trend, below 50 = bearish trend, below 30 = oversold.
MACD (12, 26, 9) Bearish — momentum slowing
MACD (12, 26, 9): line $-3.26, signal $-1.65, histogram -1.609.
The fast line has crossed below the signal line and the histogram is negative. Price may still be rising overall, but momentum is weakening — often seen before a correction, a sideways consolidation, or a final push higher.
Volume Analysis Balanced volume
Up-day and down-day volume are roughly even (ratio 0.87) over the recent 19 sessions — no strong conviction either way.
Rule of thumb: price up on high volume = accumulation; price down on high volume = distribution. Low-volume pullbacks after a rally are usually profit-taking, not panic.
Smart Money (A/D) Smart money distributing
The A/D line is falling and well off highs. If smart money were exiting you would expect lower highs and volume spikes on down days — distribution pressure is building.
A/D combines price position within the day's range with volume: rising = net buying pressure, falling = net selling pressure. It often leads price at turning points.
Anchored VWAP Above anchored VWAP — period buyers in profit
Price ($396.34) is +3.1% above the anchored VWAP ($384.34). Buyers who entered at the period's volume-weighted average are in profit and less likely to panic-sell.
Anchored VWAP is the volume-weighted average from the start of the scraped series — a proxy for the period's average institutional cost basis.
Key Levels 3 resistance / 2 support levels
Current price $396.34. Resistance above: $399.59, $404.72, $410.29. Support below: $388.12, $375.74.
Watch $399.59 as the first upside level to clear, and $388.12 as the first downside level to hold. A clean break of either often determines the next leg.
Resistance
$399.59
Resistance
$404.72
Resistance
$410.29
Support
$388.12
Support
$375.74
Signal breakdown
- Trend (6mo) Bearish Linear-regression slope is down (+31.0% over the period).
- Price vs 50-day SMA Bearish Price is below the 50-day SMA ($397.92).
- RSI (14) Bearish RSI 39 — below 50, momentum fading.
- MACD (12,26,9) Bearish Histogram negative (-1.609) — fast line below signal.
- Bollinger %B Bearish Price in the lower half of the bands (%B 0.37).
- Volume profile Neutral Volume balanced between up and down days.
- A/D line Bearish A/D line slope is falling — distribution pressure.
- AVWAP Bullish Price above anchored VWAP ($384.34).
Generated from 128 daily closes in the scraped 6-month OHLCV series (quote data 2026-10-06T15:32:23.708099516Z). Every level, rating, and probability traces to a computed indicator — no commentary is hand-written or fixed per symbol. Recomputed on each page load from the latest scrape.