ELF BEAUTY INC (ELF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ELF - US26856L1035 - Common Stock
Overall ELF gets a technical rating of 2 out of 10. In the past year, ELF was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of ELF is bad and it also does not present a quality setup 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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71.74
4 important support areas can be observed.
- A support zone ranging from 77.73 to 77.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 76.04 to 76.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @73.98 from a trend line in the weekly time frame.
- Support @72.46 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 87.03 to 87.03. 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 | UP | POSITIVE | The short term trend for ELF is up. |
| ChartMill Relative Strength | 9.77 | NEGATIVE | ELF has a low relative strength, it was outperformed by 90.23% 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) | DOWN | MIXED | The current price of ELF is above a declining 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) | 61.87 | NEUTRAL | The RSI value for ELF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.5 | POSITIVE | The MACD value suggests ELF has a positive trend. |
| Stochastics (14,3) | 89.55 | OVERBOUGHT | The high Stochastics value suggests ELF may be overbought. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for ELF suggests some volalility. |
| Average Directional Index/ADX (14) | 21.13 | NEUTRAL | The ADX value for ELF suggests a possible start of a new trend. |
87.02
+0.97 (+1.13%)
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 61.8667. 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 1.50023, indicating a bullish trend.
What is the support and resistance level for ELF stock?
ELF BEAUTY INC (ELF) has a support level at 77.81 and a resistance level at 87.03. Check the full technical report for our detailed analysis of ELF support and resistance levels.