Taking everything into account, ESTA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ESTA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although ESTA has an excellent technical rating, the quality of the presented setup is not ideal 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
33.63
When analyzing the support we can see 6 important areas.
- A support zone ranging from 63.19 to 63.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.55 from a trend line in the daily time frame.
- Support @42.74 from a trend line in the daily time frame.
- Support @41.56 from a horizontal line in the daily time frame.
- Support @39.63 from a trend line in the weekly time frame.
- Support @33.97 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ESTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESTA is up. |
| ChartMill Relative Strength | 94.93 | POSITIVE | ESTA has a high relative strength, it outperformed 94.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.9 | NEUTRAL | The RSI value for ESTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ESTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.77 | OVERBOUGHT | The high Stochastics value suggests ESTA may be overbought. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for ESTA suggests high volalility. |
| Average Directional Index/ADX (14) | 40.84 | POSITIVE | The high ADX value value for ESTA suggests a strong trend. |
68.03
+1.98 (+3%)
ESTABLISHMENT LABS HOLDINGS / ESTA FAQ
What is the technical rating for ESTA stock?
ChartMill assigns a technical rating of 10 / 10 to ESTA.
Can you provide the trend direction for ESTABLISHMENT LABS HOLDINGS?
The current trend direction for ESTABLISHMENT LABS HOLDINGS (ESTA) is Bullish.
Can you provide the RSI signal for ESTABLISHMENT LABS HOLDINGS?
ESTABLISHMENT LABS HOLDINGS (ESTA) has an RSI value of 69.9015. This indicates that the stock is currently neutral.
What is the short term momentum for ESTA stock?
The short term momentum for ESTABLISHMENT LABS HOLDINGS (ESTA) is positive.
What are the support and resistance levels for ESTABLISHMENT LABS HOLDINGS (ESTA) stock?
ESTABLISHMENT LABS HOLDINGS (ESTA) has a support level at 63.99. Check the full technical report for our detailed analysis of ESTA support and resistance levels.