ELASTIC NV (ESTC) Stock Technical Analysis
USA - NYSE:ESTC - NL0013056914 - Common Stock
88.2 USD
+1.05 (+1.2%)
88.15 USD
-0.05 (-0.06%)
Taking everything into account, ESTC scores 6 out of 10 in our technical rating. In the last year, ESTC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ESTC has a been trading in the 78.90 - 92.96 range, which is quite wide. It is currently trading near the high of this range.
ESTC has an average volume of 1948320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ESTC outperforms 53% of them, which is more or less in line with the market.
ESTC is an average performer in the Software industry, it outperforms 59% of 285 stocks in the same industry.
ESTC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ESTC is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ESTC has an average technical rating and the quality of the presented setup is also 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
72.63
108.77
5 important support areas can be observed.
- Support @87.97 from a trend line in the daily time frame.
- A support zone ranging from 84.04 to 86.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 80.19 to 81.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @75.51 from a trend line in the weekly time frame.
- Support @73.36 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 89.86 to 91.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @107.69 from a trend 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 ESTC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESTC is up. |
| ChartMill Relative Strength | 53.17 | NEUTRAL | ESTC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESTC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ESTC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.62 | NEUTRAL | The RSI value for ESTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests ESTC has a positive trend. |
| Stochastics (14,3) | 58.61 | NEUTRAL | The Stochastics value for ESTC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ESTC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.02 | NEGATIVE | The low ADX value for ESTC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
88.2
+1.05 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.2%
1 Week8.67%
2 Weeks1.99%
1 Month2.62%
3 Month-1.85%
6 Month4.73%
12 Month11.15%
2 Year17.54%
3 Year37.92%
5 Year-13.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.49
ATR(20)%3.82%
ATR Inc-37.44%
Range Today2.2
ADR(20)3.09
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.17
3 months CRS27.49
6 months CRS37.57
Mansfield-1.43
10 Day High90.07
10 Day Low78.9
20 Day High92.96
20 Day Low78.9
52 Week High118.84
52 Week Low70.15
CS1 End87.97
CR1 Start89.86
Volume & EV
DER(3)-1.41%
DER(5)-0.9%
Volume1.47M
Volume Incr-19.58%
Vol(5)1.38M
Vol(50)1.95M
ELASTIC NV / ESTC FAQ
Can you provide the ChartMill technical rating for ELASTIC NV?
ChartMill assigns a technical rating of 6 / 10 to ESTC.
What is the trend direction for ESTC stock?
The current trend direction for ELASTIC NV (ESTC) is Bearish.
What is the RSI signal for ELASTIC NV (ESTC) stock?
ELASTIC NV (ESTC) has an RSI value of 57.6199. This indicates that the stock is currently neutral.
What is the MACD signal for ELASTIC NV (ESTC) stock?
The MACD indicator for ELASTIC NV (ESTC) has a value of 0.567172, indicating a bearish trend.