Overall ESTA gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ESTA is showing a nice and steady performance.
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
We found 6 important support areas.
- A support zone ranging from 72.02 to 72.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.48 from a horizontal line in the daily time frame.
- Support @63.86 from a trend line in the daily time frame.
- Support @44.64 from a trend line in the daily time frame.
- A support zone ranging from 40.92 to 41.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 96.09 | POSITIVE | ESTA has a high relative strength, it outperformed 96.09% 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) | 69.16 | NEUTRAL | The RSI value for ESTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests ESTA has a negative trend. |
| Stochastics (14,3) | 88.28 | OVERBOUGHT | The high Stochastics value suggests ESTA may be overbought. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ESTA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.12 | POSITIVE | The high ADX value value for ESTA suggests a strong trend. |
74.15
+2.12 (+2.94%)
ESTABLISHMENT LABS HOLDINGS / ESTA FAQ
What is the technical rating for ESTA stock?
ChartMill assigns a technical rating of 9 / 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 69.1558. 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 67.48. Check the full technical report for our detailed analysis of ESTA support and resistance levels.