ELF Technical Analysis - ELF BEAUTY INC

Technical Rating and Analysis

Taking everything into account, ELF scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELF is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

ELF is part of the Personal Care Products industry. There are 36 other stocks in this industry. ELF outperforms 80% of them.

ELF is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ELF has a been trading in the 112.42 - 146.80 range, which is quite wide. It is currently trading near the high of this range.

ELF has an average volume of 2090020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that ELF is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ELF has an excellent technical rating, it does not present a decent entry opportunity 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

116.27

145.82

We found 4 important support areas.

Support @134.43 from a horizontal line in the daily time frame.
Support @131.47 from a trend line in the daily time frame.
A support zone ranging from 120.19 to 122.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @117.44 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 143.29 to 144.38. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 ELF is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ELF is up.
ChartMill Relative Strength	81.51	POSITIVE	ELF has a high relative strength, it outperformed 81.51% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ELF is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ELF is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ELF is above the rising SMA(200).
Relative Strength Index/RSI (14)	65.35	NEUTRAL	The RSI value for ELF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.28	POSITIVE	The MACD value suggests ELF has a positive trend, although the MACD value is declining.
Stochastics (14,3)	89.17	OVERBOUGHT	The high Stochastics value suggests ELF may be overbought.
Average True Range in percent/ATR (20)	4.32	MEDIUM VOLATILITY	The ATR as a percentage value for ELF suggests some volalility.
Average Directional Index/ADX (14)	20.46	NEUTRAL	The ADX value for ELF suggests a possible start of a new trend.