By Mill Chart
Last update: Oct 19, 2023
In this article we will dive into ELF BEAUTY INC (NYSE:ELF) as a possible candidate for growth investing. Investors should always do their own research, but we noticed ELF BEAUTY INC showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.
Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NYSE:ELF boasts a 9 out of 10:
ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:ELF, the assigned 8 reflects its health status:
ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:ELF was assigned a score of 8 for profitability:
Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:ELF this score is currently 8:
Although the technical rating is only medium, ELF does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 99.93, a Stop Loss order could be placed below this zone.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
Check the latest full fundamental report of ELF for a complete fundamental analysis.
Check the latest full technical report of ELF for a complete technical analysis.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
ELF BEAUTY INC
NYSE:ELF (4/30/2024, 7:04:00 PM)
After market: 162.12 -0.41 (-0.25%)162.53
-9.33 (-5.43%)
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