EL Technical Analysis - ESTEE LAUDER COMPANIES-CL A

Technical Rating and Analysis

Overall EL gets a technical rating of 7 out of 10. Although EL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

EL is part of the Personal Care Products industry. There are 36 other stocks in this industry. EL outperforms 74% of them.

A new 52 week high is currently being made by EL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month EL has a been trading in the 83.12 - 96.50 range, which is quite wide. It is currently trading near the high of this range.

EL has an average volume of 3484930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, EL outperforms 64% of them, which is more or less in line with the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ESTEE LAUDER COMPANIES-CL A / EL Weekly stock chart

ESTEE LAUDER COMPANIES-CL A / EL Daily stock chart

Setup Rating and Analysis

EL has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

82.81

96.80

We found 4 important support areas.

A support zone ranging from 95.01 to 95.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 87.62 to 89.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @86.04 from a horizontal line in the daily time frame.
A support zone ranging from 83.65 to 83.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for EL is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for EL is neutral.
ChartMill Relative Strength	64.04	NEUTRAL	EL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EL is above the rising SMA(200).
Relative Strength Index/RSI (14)	58.77	NEUTRAL	The RSI value for EL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.68	POSITIVE	The MACD value suggests EL has a positive trend.
Stochastics (14,3)	64.85	NEUTRAL	The Stochastics value for EL is a neutral value.
Average True Range in percent/ATR (20)	3.57	MEDIUM VOLATILITY	The ATR as a percentage value for EL suggests some volalility.
Average Directional Index/ADX (14)	11.75	NEGATIVE	The low ADX value for EL suggests a weak or negative trend.