ESTEE LAUDER COMPANIES - Daily - Technical analysis published on 10/21/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 191.74 USD
My targets
183.92 USD (-0.96%)
174.60 USD (-5.98%)
My analysis
ESTEE LAUDER COMPANIES is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 191.74 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 183.92 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 174.60 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 158.03 USD. Beware of a possible return to above the resistance located at 191.74 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
4.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ESTEE LAUDER COMPANIES price is 185.71 USD. On the day, this instrument gained +0.10% with the lowest point at 184.84 USD and the highest point at 187.49 USD. The deviation from the price is +0.47% for the low point and -0.95% for the high point.184.84
187.49
185.71
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ESTEE LAUDER COMPANIES chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 158.03 | 174.60 | 183.92 | 185.71 | 191.74 | 198.86 | 207.03 |
| Change (%) | -14.90% | -5.98% | -0.96% | - | +3.25% | +7.08% | +11.48% |
| Change | -27.68 | -11.11 | -1.79 | - | +6.03 | +13.15 | +21.32 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 180.83 | 182.34 | 183.93 | 185.44 | 187.03 | 188.54 | 190.13 |
| Camarilla | 184.68 | 184.96 | 185.25 | 185.53 | 185.81 | 186.10 | 186.38 |
| Woodie | 180.88 | 182.36 | 183.98 | 185.46 | 187.08 | 188.56 | 190.18 |
| Fibonacci | 182.34 | 183.52 | 184.25 | 185.44 | 186.62 | 187.35 | 188.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 169.30 | 176.57 | 181.05 | 188.32 | 192.80 | 200.07 | 204.55 |
| Camarilla | 182.30 | 183.38 | 184.45 | 185.53 | 186.61 | 187.68 | 188.76 |
| Woodie | 167.91 | 175.87 | 179.66 | 187.62 | 191.41 | 199.37 | 203.16 |
| Fibonacci | 176.57 | 181.06 | 183.83 | 188.32 | 192.81 | 195.58 | 200.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 172.33 | 181.08 | 190.01 | 198.76 | 207.69 | 216.44 | 225.37 |
| Camarilla | 194.09 | 195.71 | 197.33 | 198.95 | 200.57 | 202.19 | 203.81 |
| Woodie | 172.43 | 181.13 | 190.11 | 198.81 | 207.79 | 216.49 | 225.47 |
| Fibonacci | 181.08 | 187.83 | 192.00 | 198.76 | 205.51 | 209.68 | 216.44 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.68 | |
| MACD (12,26,9): | -1.9000 | |
| Directional Movement: | -2.29 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 189.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 196.84 | |
| Elder Ray (13): | -4.34 | |
| Super Trend (3,10): | 198.89 | |
| Zig ZAG (10): | 185.71 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 7.78 | |
| TEMA (21): | 187.41 | |
| Williams %R (14): | -87.63 | |
| Chande Momentum Oscillator (20): | -7.99 | |
| Repulse (5,40,3): | -2.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 6.61 |
| MA7: | 189.92 | |
| MA20: | 192.73 | |
| MA50: | 194.24 | |
| MA100: | 188.07 | |
| MAexp7: | 188.79 | |
| MAexp20: | 191.65 | |
| MAexp50: | 191.81 | |
| MAexp100: | 186.48 | |
| Price / MA7: | -2.22% | |
| Price / MA20: | -3.64% | |
| Price / MA50: | -4.39% | |
| Price / MA100: | -1.25% | |
| Price / MAexp7: | -1.63% | |
| Price / MAexp20: | -3.10% | |
| Price / MAexp50: | -3.18% | |
| Price / MAexp100: | -0.41% |
News
Don"t forget to follow the news on ESTEE LAUDER COMPANIES. At the time of publication of this analysis, the latest news was as follows:
- The Estée Lauder Companies to Webcast Discussion of Fiscal 2020 First Quarter Financial Results on October 31, 2019
- The Estée Lauder Companies Unites the World in Hope With Its 2019 Breast Cancer Campaign
- The Estée Lauder Companies Appoints Deirdre Stanley Executive Vice President and General Counsel
- The Estée Lauder Companies to Webcast Its Presentation at the Barclays Global Consumer Staples Conference
- SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating The Estée Lauder Companies Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
This member declared not having a position on this financial instrument or a related financial instrument.
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