ELASTIC NV (ESTC) Technical Analysis
NYSE:ESTC • NL0013056914
Current stock price
ESTC Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ESTC. ESTC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 92% of all other stocks performed better in the past year than ESTC.
- ESTC is one of the lesser performing stocks in the Software industry. 66% of 278 stocks in the same industry do better.
- ESTC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ESTC is lagging the market.
- ESTC has an average volume of 2312570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ESTC has a been trading in the 49.90 - 62.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
ESTC Weekly and Daily overview Charts
ESTC Setup Rating and Analysis
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 51.85, a Stop Loss order could be placed below this zone.
More info and screens
ESTC Support and Resistance Analysis
50.97
When analyzing the support we notice one important area.
- A support zone ranging from 51.48 to 51.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 8 important resistance areas.
- A resistance zone ranging from 53.32 to 53.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @55.77 from a horizontal line in the daily time frame.
- Resistance @59.60 from a trend line in the daily time frame.
- Resistance @63.36 from a trend line in the weekly time frame.
- Resistance @78.41 from a trend line in the weekly time frame.
- Resistance @87.20 from a horizontal line in the daily time frame.
- Resistance @89.86 from a horizontal line in the weekly time frame.
- Resistance @92.32 from a horizontal line in the weekly time frame.
ESTC Technical Indicator Signal Analysis
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 | 8.89 | NEGATIVE | ESTC has a low relative strength, it was outperformed by 91.11% 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) | 42.44 | NEUTRAL | The RSI value for ESTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests ESTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.69 | NEUTRAL | The Stochastics value for ESTC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.63 | HIGH VOLATILITY | The high ATR as a percentage value for ESTC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for ESTC suggests a possible start of a new trend. |
ESTC Chart- and CandleStick Pattern Analysis
ESTC Technicals: Chart, Performance Metrics, Trend & Indicators
53.31
-1.84 (-3.34%)
ELASTIC NV / ESTC TA FAQ
Can you provide the ChartMill technical rating for ELASTIC NV?
ChartMill assigns a technical rating of 0 / 10 to ESTC.
Can you provide the trend direction for ELASTIC NV?
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 42.4407. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ELASTIC NV?
The MACD indicator for ELASTIC NV (ESTC) has a value of 0.728463, indicating a bearish trend.
Can you provide the short term momentum for ELASTIC NV?
The short term momentum for ELASTIC NV (ESTC) is negative.