ELASTIC NV (ESTC) Stock Technical Analysis
NYSE:ESTC - New York Stock Exchange, Inc. - NL0013056914 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ESTC. In the last year, ESTC was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
77% of all other stocks performed better in the past year than ESTC.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ESTC has an average volume of 1230150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ESTC is part of the Software industry. There are 284 other stocks in this industry, ESTC did better than 40% 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.
In the last month ESTC has a been trading in the 100.57 - 118.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ESTC has an average technical rating and the quality of the presented setup is also not ideal 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
73.98
118.94
We found 3 important support areas.
- A support zone ranging from 104.62 to 106.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 96.02 to 97.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.73 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @106.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 112.72 to 113.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 117.25 to 117.76. This zone is formed by a combination of multiple trend lines 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
CRS23.23
Mansfield-0.19
10 Day High118.84
10 Day Low105.81
20 Day High118.84
20 Day Low100.57
52 Week High136.06
52 Week Low69
Performance
1 Week-9.53%
2 Weeks-6.93%
1 Month2.2%
3 Month-1.53%
6 Month0.68%
12 Month-17.93%
2 Year80.24%
3 Year22.77%
5 Year44.03%
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)-1.14
RSI(14)43.65
LBB107.63
UBB119.71
106.38
-3.23 (-2.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.95%
1 Week-9.53%
2 Weeks-6.93%
1 Month2.2%
3 Month-1.53%
6 Month0.68%
12 Month-17.93%
2 Year80.24%
3 Year22.77%
5 Year44.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.44
ATR(20)%4.67%
ATR Inc18.64%
Range Today5.39
ADR(20)4.68
ADR(20)%4.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.23
Mansfield-0.19
10 Day High118.84
10 Day Low105.81
20 Day High118.84
20 Day Low100.57
52 Week High136.06
52 Week Low69
CS1 End106.28
CR1 Start106.58
Volume & EV
DER(3)-1.22%
DER(5)-0.87%
Volume912.10K
Volume Incr-22.08%
Vol(5)1.02M
Vol(50)1.23M