ELASTIC NV (ESTC) Stock Technical Analysis
NYSE:ESTC - NL0013056914 - Common Stock
85.06 USD
-2.73 (-3.11%)
84.9999 USD
-0.06 (-0.07%)
Taking everything into account, ESTC scores 6 out of 10 in our technical rating. 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ESTC has a been trading in the 72.07 - 94.44 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ESTC has an average volume of 1727560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ESTC outperforms 61% of them, which is more or less in line with the market.
ESTC is an average performer in the Software industry, it outperforms 60% of 280 stocks in the same industry.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ESTC has an average technical rating and it also does not offer a high 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
71.81
110.83
When analyzing the support we notice one important area.
- A support zone ranging from 72.54 to 74.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @87.47 from a trend line in the daily time frame.
- A resistance zone ranging from 89.86 to 89.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @109.73 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 | UP | POSITIVE | The short term trend for ESTC is up. |
| ChartMill Relative Strength | 61.23 | NEUTRAL | ESTC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESTC is above 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) | 58.21 | NEUTRAL | The RSI value for ESTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.28 | POSITIVE | The MACD value suggests ESTC has a positive trend. |
| Stochastics (14,3) | 83.78 | OVERBOUGHT | The high Stochastics value suggests ESTC may be overbought. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ESTC suggests some volalility. |
| Average Directional Index/ADX (14) | 22 | 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)
85.06
-2.73 (-3.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.11%
1 Week6.25%
2 Weeks10.1%
1 Month6.89%
3 Month5.18%
6 Month-26.9%
12 Month11.64%
2 Year37.46%
3 Year1.37%
5 Year-21.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.31
ATR(20)%3.92%
ATR Inc192%
Range Today10.79
ADR(20)3.08
ADR(20)%3.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.23
Mansfield-1.37
10 Day High94.44
10 Day Low75.5
20 Day High94.44
20 Day Low72.07
52 Week High118.84
52 Week Low69
CS1 End74.78
CR1 Start87.47
Volume & EV
DER(3)0.66%
DER(5)-0.65%
Volume8.87M
Volume Incr162.48%
Vol(5)4.14M
Vol(50)1.73M