ELASTIC NV (ESTC)
NL0013056914 - Common Stock
We assign a technical rating of 6 out of 10 to ESTC. In the last year, ESTC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
In the last month ESTC has a been trading in the 101.14 - 118.18 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ESTC has an average volume of 1488670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ESTC is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ESTC is part of the Software industry. There are 280 other stocks in this industry, ESTC did better than 56% of them.
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 only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 103.62, a Stop Loss order could be placed below this zone.
More info and screens
72.69
117.38
When analyzing the support we can see 4 important areas.
- A support zone ranging from 103.62 to 103.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 96.86 to 97.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @86.89 from a trend line in the daily time frame.
- Support @73.42 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @110.98 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 113.78 to 116.22. 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
CRS77.93
Mansfield-0.91
10 Day High111
10 Day Low101.14
20 Day High118.18
20 Day Low101.14
52 Week High136.06
52 Week Low69
Performance
1 Week-0.4%
2 Weeks-6.62%
1 Month10.09%
3 Month35.66%
6 Month-4.79%
12 Month-8.17%
2 Year101.22%
3 Year-15.81%
5 Year61.17%
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)-1.55
RSI(14)52.53
LBB99.73
UBB115.24
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 |
|---|---|---|---|
| 105.32 | 103.61 | 1.71 (1.63%) | 25.00% |
| An entry @105.32. This is a Buy Stop order right above the 10 day moving average. | An exit @103.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.71 points, which is 1.63%. | For a 0.41% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (12/20/2024, 8:07:35 PM)
After market: 106.27 +2.64 (+2.55%)103.63
-0.08 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.08%
1 Week-0.4%
2 Weeks-6.62%
1 Month10.09%
3 Month35.66%
6 Month-4.79%
12 Month-8.17%
2 Year101.22%
3 Year-15.81%
5 Year61.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.98
ATR(20)%4.97%
ATR Inc-8.8%
Range Today3.75
ADR(20)4.16
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.93
Mansfield-0.91
10 Day High111
10 Day Low101.14
20 Day High118.18
20 Day Low101.14
52 Week High136.06
52 Week Low69
CS1 End103.62
CR1 Start110.98
Volume & EV
DER(3)-3.67%
DER(5)-1.6%
Volume1.86M
Volume Incr-31.54%
Vol(5)1.50M
Vol(50)1.49M