ELF Technical Analysis - ELF BEAUTY INC

Technical Rating and Analysis

Taking everything into account, ELF scores 7 out of 10 in our technical rating. In the last year, ELF was one of the better performers, but we do observe some doubts in the very recent evolution.

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

ELF is part of the Personal Care Products industry. There are 36 other stocks in this industry. ELF outperforms 85% of them.

ELF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELF is lagging the market slightly.

ELF has an average volume of 1943420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, ELF did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month ELF has a been trading in the 125.14 - 147.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

ELF has an excellent technical rating, but the quality of the setup is only medium at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

127.52

148.15

We found 2 important support areas.

A support zone ranging from 135.29 to 135.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 128.81 to 132.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 139.97 to 140.63. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Resistance @146.68 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The short term trend for ELF is neutral.
ChartMill Relative Strength	82.65	POSITIVE	ELF has a high relative strength, it outperformed 82.65% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ELF is above a declining 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)	51.68	NEUTRAL	The RSI value for ELF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.78	NEGATIVE	The MACD value suggests ELF has a negative trend, although the MACD value is rising.
Stochastics (14,3)	34.25	NEUTRAL	The Stochastics value for ELF is a neutral value.
Average True Range in percent/ATR (20)	4.86	MEDIUM VOLATILITY	The ATR as a percentage value for ELF suggests some volalility.
Average Directional Index/ADX (14)	13.49	NEGATIVE	The low ADX value for ELF suggests a weak or negative trend.