ESTABLISHMENT LABS HOLDINGS (ESTA)
VGG312491084 - Common Stock
Taking everything into account, ESTA scores 9 out of 10 in our technical rating. In the last year, ESTA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ESTA is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, ESTA also shows a nice and consistent pattern of rising prices.
ESTA is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. ESTA outperforms 89% of them.
In the last month ESTA has a been trading in the 38.53 - 47.03 range, which is quite wide. It is currently trading near the high of this range.
ESTA 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 ESTA is lagging the market slightly.
Besides having an excellent technical rating, ESTA also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 46.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.23, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ESTA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
39.42
48.68
We found 3 important support areas.
- A support zone ranging from 43.08 to 43.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @41.34 from a trend line in the weekly time frame.
- A support zone ranging from 39.82 to 40.38. 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 46.93 to 47.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.20 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.61
Mansfield0.26
10 Day High47.03
10 Day Low41.36
20 Day High47.03
20 Day Low38.53
52 Week High60.12
52 Week Low21.26
Performance
1 Week4.47%
2 Weeks11.87%
1 Month1.15%
3 Month12.7%
6 Month-16.44%
12 Month115.68%
2 Year-26.66%
3 Year-27.55%
5 Year93.7%
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)0.29
RSI(14)59.26
LBB41.29
UBB47.05
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 |
|---|---|---|---|
| 47.06 | 43.07 | 3.99 (8.48%) | 11.79% |
| An entry @47.06. This is a Buy Stop order right above the resistance zone. | An exit @43.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.99 points, which is 8.48%. | For a 1.00% total portfolio risk, you can invest 11.79% 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.
ESTABLISHMENT LABS HOLDINGS
NASDAQ:ESTA (11/4/2024, 8:05:50 PM)
After market: 46.76 0 (0%)46.76
+1.34 (+2.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.95%
1 Week4.47%
2 Weeks11.87%
1 Month1.15%
3 Month12.7%
6 Month-16.44%
12 Month115.68%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.17
ATR(20)%5.06%
ATR Inc
Range Today2.26
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 High47.03
10 Day Low41.36
20 Day High47.03
20 Day Low38.53
52 Week High60.12
52 Week Low21.26
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume264.80K
Volume Incr-39.37%
Vol(5)289.08K
Vol(50)391.58K