ELF BEAUTY INC (ELF) Stock Technical Analysis
NYSE:ELF • US26856L1035
Overall ELF gets a technical rating of 7 out of 10. In the past year, ELF was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- ELF is part of the Personal Care Products industry. There are 36 other stocks in this industry. ELF outperforms 88% of them.
- In the last month ELF has a been trading in the 73.12 - 97.50 range, which is quite wide. It is currently trading near the high of this range.
- ELF has an average volume of 2029210 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 82% of all stocks. However, this overall performance is mostly based on the strong move around 10 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.
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.
More info and screens
73.60
3 important support areas can be observed.
- Support @81.50 from a horizontal line in the weekly time frame.
- Support @77.91 from a trend line in the weekly time frame.
- Support @74.34 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 93.23 to 94.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @113.64 from a trend line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ELF is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELF is up. |
| ChartMill Relative Strength | 82.71 | POSITIVE | ELF has a high relative strength, it outperformed 82.71% 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 | MIXED | The current price of ELF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.75 | NEUTRAL | The RSI value for ELF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.24 | POSITIVE | The MACD value suggests ELF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.95 | OVERBOUGHT | The high Stochastics value suggests ELF may be overbought. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for ELF suggests high volalility. |
| Average Directional Index/ADX (14) | 24.35 | NEUTRAL | The ADX value for ELF suggests a possible start of a new trend. |
92.05
-2.6 (-2.75%)
ELF BEAUTY INC / ELF FAQ
What is the technical rating for ELF stock?
ChartMill assigns a technical rating of 7 / 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 56.7508. 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 1.23952, indicating a bullish trend.
What is the support and resistance level for ELF stock?
ELF BEAUTY INC (ELF) has a support level at 81.5 and a resistance level at 93.23. Check the full technical report for our detailed analysis of ELF support and resistance levels.