ELF BEAUTY INC (ELF) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ELF • US26856L1035
We assign a technical rating of 2 out of 10 to ELF. ELF has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month ELF has a been trading in the 76.09 - 96.41 range, which is quite wide. It is currently trading near the lows of this range.
- ELF is part of the Personal Care Products industry. There are 37 other stocks in this industry. ELF outperforms 83% of them.
- ELF has an average volume of 1936320 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 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ELF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELF is lagging the market.
- Volume is considerably higher in the last couple of days.
ELF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 76.86, a Stop Loss order could be placed below this zone.
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69.35
We found 2 important support areas.
- A support zone ranging from 76.22 to 76.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.05 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 87.01 to 88.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 94.16 to 94.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @140.63 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for ELF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELF is down. |
| ChartMill Relative Strength | 70.84 | POSITIVE | ELF has a high relative strength, it outperformed 70.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELF is below 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 | MIXED | The current price of ELF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.27 | NEUTRAL | The RSI value for ELF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.12 | NEGATIVE | The MACD value suggests ELF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.55 | OVERSOLD | The low Stochastics value suggests ELF may be oversold. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for ELF suggests high volalility. |
| Average Directional Index/ADX (14) | 20.57 | NEUTRAL | The ADX value for ELF suggests a possible start of a new trend. |
82.09
+5.23 (+6.8%)
ELF BEAUTY INC / ELF FAQ
What is the technical rating for ELF stock?
ChartMill assigns a technical rating of 2 / 10 to ELF.
What is the current trend direction of ELF BEAUTY INC (ELF) stock?
The current trend direction for ELF BEAUTY INC (ELF) is Bearish.
What is the RSI signal for ELF stock?
ELF BEAUTY INC (ELF) has an RSI value of 45.2699. This indicates that the stock is currently neutral.
What is the MACD signal for ELF BEAUTY INC (ELF) stock?
The MACD indicator for ELF BEAUTY INC (ELF) has a value of -1.11956, indicating a bearish trend.
What is the support and resistance level for ELF stock?
ELF BEAUTY INC (ELF) has a support level at 76.86 and a resistance level at 87.01. Check the full technical report for our detailed analysis of ELF support and resistance levels.