ELASTIC NV (ESTC)
NL0013056914 - Common Stock
We assign a technical rating of 6 out of 10 to ESTC. In the past year, ESTC was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that ESTC is one of the better performing stocks in the market, outperforming 90% of all stocks.
ESTC is part of the Software industry. There are 277 other stocks in this industry. ESTC outperforms 81% of them.
In the last month ESTC has a been trading in the 93.33 - 108.72 range, which is quite wide. It is currently trading near the high of this range.
ESTC has an average volume of 1380960 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 trading in the upper part of its 52 week range, so ESTC is lagging the market slightly.
ESTC has an average technical rating and also the quality of the setup is only medium 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
69.71
108.50
4 important support areas can be observed.
- A support zone ranging from 104.05 to 105.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 96.19 to 97.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.54 from a trend line in the weekly time frame.
- Support @70.41 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 107.43 to 107.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.49
Mansfield0.88
10 Day High108.72
10 Day Low94.61
20 Day High108.72
20 Day Low93.33
52 Week High136.06
52 Week Low56.85
Performance
1 Week-1.65%
2 Weeks9.85%
1 Month8.44%
3 Month-15.2%
6 Month46.08%
12 Month86.45%
2 Year71.39%
3 Year-10.62%
5 Year28.78%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)1.2
RSI(14)57.27
LBB92.63
UBB110.48
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 107.44 | 104.04 | 3.40 (3.16%) | 25.00% |
| An entry @107.44. This is a Buy Stop order right above the resistance zone. | An exit @104.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.40 points, which is 3.16%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- The distance between exit and entry is rather small compared to the average daily movement of ESTC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ELASTIC NV
NYSE:ESTC (5/3/2024, 7:04:00 PM)
After market: 105.66 0 (0%)105.66
-0.44 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.41%
1 Week-1.65%
2 Weeks9.85%
1 Month8.44%
3 Month-15.2%
6 Month46.08%
12 Month86.45%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.41
ATR(20)%2.91%
ATR Inc
Range Today2.43
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High108.72
10 Day Low94.61
20 Day High108.72
20 Day Low93.33
52 Week High136.06
52 Week Low56.85
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume690.20K
Volume Incr0.06%
Vol(5)1.06M
Vol(50)1.38M