ELASTIC NV (ESTC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ESTC - NL0013056914 - Common Stock
69.94 USD
+0.41 (+0.59%)
69.7125 USD
-0.23 (-0.33%)
Overall ESTC gets a technical rating of 0 out of 10. 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.
88% of all other stocks performed better in the past year than ESTC.
ESTC is part of the Software industry. There are 280 other stocks in this industry, of which 62% are performing better than ESTC.
ESTC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ESTC has a been trading in the 68.10 - 96.06 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ESTC has an average volume of 1882520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of ESTC is bad and it also does not present a quality setup 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
68.38
107.47
We found 1 important support area.
- A support zone ranging from 69.07 to 69.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 85.38 to 86.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 93.11 to 94.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @106.41 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 | 12.19 | NEGATIVE | ESTC has a low relative strength, it was outperformed by 87.81% 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) | 27.15 | OVERSOLD | The low RSI value suggests ESTC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.63 | NEGATIVE | The MACD value suggests ESTC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.26 | OVERSOLD | The low Stochastics value suggests ESTC may be oversold. |
| Average True Range in percent/ATR (20) | 5.88 | HIGH VOLATILITY | The high ATR as a percentage value for ESTC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.57 | 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)
69.94
+0.41 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.59%
1 Week-20.77%
2 Weeks-24.36%
1 Month-19.03%
3 Month-17.78%
6 Month-13.52%
12 Month-36.1%
2 Year-12.97%
3 Year14.3%
5 Year-43.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.38
ATR(20)%5.88%
ATR Inc-55.57%
Range Today2.07
ADR(20)3.76
ADR(20)%5.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.19
3 months CRS14.5
6 months CRS16.71
Mansfield-3.06
10 Day High93.92
10 Day Low68.1
20 Day High96.07
20 Day Low68.1
52 Week High118.84
52 Week Low68.1
CS1 End69.93
CR1 Start85.38
Volume & EV
DER(3)-0.25%
DER(5)-2.64%
Volume2.17M
Volume Incr204.62%
Vol(5)4.43M
Vol(50)1.88M
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 27.1465. This indicates that the stock is currently oversold.
What is the MACD signal for ELASTIC NV (ESTC) stock?
The MACD indicator for ELASTIC NV (ESTC) has a value of -2.63135, indicating a bearish trend.