ELASTIC NV (ESTC) Stock Technical Analysis
USA - NYSE:ESTC - NL0013056914 - Common Stock
86.81 USD
-2.25 (-2.53%)
87 USD
+0.19 (+0.22%)
Overall ESTC gets a technical rating of 6 out of 10. ESTC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
ESTC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ESTC has an average volume of 1812540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, ESTC turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
ESTC is part of the Software industry. There are 279 other stocks in this industry, ESTC did better than 55% of them.
ESTC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ESTC is lagging the market.
ESTC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
72.63
109.80
When analyzing the support we can see 2 important areas.
- Support @86.54 from a horizontal line in the daily time frame.
- A support zone ranging from 73.36 to 75.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 87.04 to 91.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @108.71 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 | NEUTRAL | NEUTRAL | The short term trend for ESTC is neutral. |
| ChartMill Relative Strength | 62.5 | NEUTRAL | ESTC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ESTC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESTC is above the rising 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) | 52.28 | NEUTRAL | The RSI value for ESTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ESTC has a negative trend. |
| Stochastics (14,3) | 53.78 | NEUTRAL | The Stochastics value for ESTC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ESTC suggests some volalility. |
| Average Directional Index/ADX (14) | 32.77 | POSITIVE | The high ADX value value for ESTC suggests a strong 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)
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 |
|---|---|---|---|
| 91.20 | 86.53 | 4.67 (5.12%) | 19.53% |
| An entry @91.20. This is a Buy Stop order right above the resistance zone. | An exit @86.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.67 points, which is 5.12%. | For a 1.00% total portfolio risk, you can invest 19.53% of your capital in this trade. |
- 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.
86.81
-2.25 (-2.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.53%
1 Week0.31%
2 Weeks-4.8%
1 Month9.93%
3 Month4.98%
6 Month-5.31%
12 Month12.23%
2 Year6.86%
3 Year21.01%
5 Year-19.54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.97
ATR(20)%4.11%
ATR Inc10.07%
Range Today4.67
ADR(20)3.23
ADR(20)%3.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.5
Mansfield-1.44
10 Day High92.95
10 Day Low85
20 Day High94.44
20 Day Low77.08
52 Week High118.84
52 Week Low70.15
CS1 End86.54
CR1 Start87.04
Volume & EV
DER(3)2.08%
DER(5)-0.08%
Volume1.93M
Volume Incr-27.25%
Vol(5)1.74M
Vol(50)1.81M