ELASTIC NV (ESTC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ESTC - NL0013056914 - Common Stock
74.52 USD
-0.46 (-0.61%)
74.52 USD
0 (0%)
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ESTC is a bad performer in the overall market: 86% of all stocks are doing 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.
ESTC has an average volume of 1961850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ESTC is an average performer in the Software industry, it outperforms 43% of 280 stocks in the same industry.
In the last month ESTC has a been trading in the 68.10 - 91.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ESTC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 70.14, a Stop Loss order could be placed below this zone.
More info and screens
68.38
106.71
We found 1 important support area.
- A support zone ranging from 69.07 to 70.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 74.71 to 76.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 79.29 to 79.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 86.30 to 87.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @89.86 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 92.32 to 94.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @105.65 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 | DOWN | NEGATIVE | The long term trend for ESTC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESTC is down. |
| ChartMill Relative Strength | 14.06 | NEGATIVE | ESTC has a low relative strength, it was outperformed by 85.94% 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) | 42.71 | NEUTRAL | The RSI value for ESTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests ESTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.68 | NEUTRAL | The Stochastics value for ESTC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ESTC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.06 | 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)
74.52
-0.46 (-0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.61%
1 Week-5.52%
2 Weeks-0.67%
1 Month-15.85%
3 Month-16.44%
6 Month-9.12%
12 Month-28.09%
2 Year-33.88%
3 Year44.7%
5 Year-49%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.47
ATR(20)%4.42%
ATR Inc-16.83%
Range Today2.29
ADR(20)2.9
ADR(20)%3.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.06
3 months CRS18.01
6 months CRS20.23
Mansfield-2.32
10 Day High79.87
10 Day Low73.34
20 Day High91.09
20 Day Low68.1
52 Week High118.84
52 Week Low68.1
CS1 End70.14
CR1 Start74.71
Volume & EV
DER(3)-0.23%
DER(5)-0.15%
Volume1.38M
Volume Incr-36.06%
Vol(5)1.54M
Vol(50)1.96M
ELASTIC NV / ESTC FAQ
Can you provide the ChartMill technical rating for ELASTIC NV?
ChartMill assigns a technical rating of 0 / 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 42.7057. 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 0.458543, indicating a bearish trend.
Can you provide the buy/sell signal for ELASTIC NV?
The buy/sell signal for ELASTIC NV (ESTC) is sell as both the short term and long term trends are negative.