ELASTIC NV (ESTC) Stock Technical Analysis
NYSE:ESTC - New York Stock Exchange, Inc. - NL0013056914 - Common Stock - Currency: USD
Overall ESTC gets a technical rating of 2 out of 10. In the past year, ESTC 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
82% of all other stocks performed better in the past year than ESTC.
ESTC is part of the Software industry. There are 282 other stocks in this industry, of which 70% are performing better than ESTC.
In the last month ESTC has a been trading in the 79.12 - 88.80 range, which is quite wide. It is currently trading near the high of this range.
ESTC has an average volume of 2076600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
ESTC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
74.26
117.38
We found 3 important support areas.
- A support zone ranging from 80.87 to 81.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 78.36 to 79.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 75.01 to 76.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @87.82 from a trend line in the daily time frame.
- Resistance @92.32 from a horizontal line in the weekly time frame.
- Resistance @94.17 from a horizontal line in the daily time frame.
- Resistance @111.77 from a trend line in the weekly time frame.
- Resistance @116.22 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 | DOWN | NEGATIVE | The long term trend for ESTC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ESTC is neutral. |
| ChartMill Relative Strength | 18.66 | NEGATIVE | ESTC has a low relative strength, it was outperformed by 81.34% off all stocks 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) | UP | MIXED | The current price of ESTC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.53 | NEUTRAL | The RSI value for ESTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests ESTC has a positive trend. |
| Stochastics (14,3) | 79.57 | NEUTRAL | The Stochastics value for ESTC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for ESTC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.04 | NEUTRAL | The ADX value for ESTC suggests a possible start of a new 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)
87.2
+3 (+3.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.56%
1 Week5.56%
2 Weeks4.52%
1 Month4.02%
3 Month14.53%
6 Month-14%
12 Month-24.09%
2 Year31.23%
3 Year9.15%
5 Year-9.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.92
ATR(20)%3.2%
ATR Inc22.22%
Range Today3.62
ADR(20)2.64
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.66
Mansfield-1.42
10 Day High88.8
10 Day Low79.98
20 Day High88.8
20 Day Low79.12
52 Week High123.96
52 Week Low69
CS1 End81.09
CR1 Start87.82
Volume & EV
DER(3)1.37%
DER(5)0.39%
Volume1.21M
Volume Incr-38.77%
Vol(5)1.48M
Vol(50)2.08M