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 0 out of 10. ESTC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, ESTC is a bad performer in the overall market: 90% of all stocks are doing better.
ESTC is one of the lesser performing stocks in the Software industry. 74% of 283 stocks in the same industry do better.
ESTC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ESTC has a been trading in the 72.15 - 91.12 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ESTC has an average volume of 1790840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of ESTC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
73.76
111.59
3 important resistance areas can be observed.
- A resistance zone ranging from 83.96 to 84.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @87.24 from a trend line in the daily time frame.
- Resistance @110.49 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 | DOWN | NEGATIVE | The short term trend for ESTC is down. |
| ChartMill Relative Strength | 10.66 | NEGATIVE | ESTC has a low relative strength, it was outperformed by 89.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ESTC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ESTC is below a declining 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) | 27.33 | OVERSOLD | The low RSI value suggests ESTC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.34 | NEGATIVE | The MACD value suggests ESTC has a negative trend. |
| Stochastics (14,3) | 11.68 | OVERSOLD | The low Stochastics value suggests ESTC may be oversold. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ESTC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | 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)
74.51
-1.86 (-2.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.44%
1 Week-6.37%
2 Weeks-17.08%
1 Month-11.58%
3 Month-12.91%
6 Month-34.04%
12 Month-29.01%
2 Year20.41%
3 Year-11.2%
5 Year-31.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.05
ATR(20)%3.73%
ATR Inc142.53%
Range Today3.85
ADR(20)2.69
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.66
Mansfield-2.49
10 Day High90.98
10 Day Low72.15
20 Day High91.12
20 Day Low72.15
52 Week High118.84
52 Week Low69
CS1 EndN/A
CR1 Start83.96
Volume & EV
DER(3)3.41%
DER(5)0.53%
Volume2.85M
Volume Incr65.83%
Vol(5)1.99M
Vol(50)1.79M