ELASTIC N.V. - Daily - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 72.63 USD
My targets
60.08 USD (-14.25%)
My analysis
ELASTIC N.V. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 72.63 USD. The next support located at 60.08 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
8
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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
ELASTIC N.V. rating 70.07 USD. The price is lower by -0.96% since the last closing and was between 69.58 USD and 71.97 USD. This implies that the price is at +0.70% from its lowest and at -2.64% from its highest.69.58
71.97
70.07
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ELASTIC N.V. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : Daily
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
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 : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 70.07 | 72.63 | 79.76 | 88.39 |
| Change (%) | - | +3.65% | +13.83% | +26.15% |
| Change | - | +2.56 | +9.69 | +18.32 |
| Level | - | Minor | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.35 | 69.39 | 70.07 | 71.10 | 71.78 | 72.82 | 73.50 |
| Camarilla | 70.28 | 70.44 | 70.59 | 70.75 | 70.91 | 71.06 | 71.22 |
| Woodie | 68.18 | 69.30 | 69.89 | 71.01 | 71.61 | 72.73 | 73.32 |
| Fibonacci | 69.39 | 70.04 | 70.45 | 71.10 | 71.76 | 72.16 | 72.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.69 | 59.29 | 65.26 | 75.86 | 81.83 | 92.43 | 98.40 |
| Camarilla | 66.66 | 68.18 | 69.70 | 71.22 | 72.74 | 74.26 | 75.78 |
| Woodie | 46.37 | 58.13 | 62.94 | 74.70 | 79.51 | 91.27 | 96.08 |
| Fibonacci | 59.29 | 65.62 | 69.53 | 75.86 | 82.19 | 86.10 | 92.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.08 | 70.29 | 76.31 | 86.52 | 92.54 | 102.75 | 108.77 |
| Camarilla | 77.88 | 79.37 | 80.85 | 82.34 | 83.83 | 85.32 | 86.80 |
| Woodie | 58.00 | 69.24 | 74.23 | 85.47 | 90.46 | 101.70 | 106.69 |
| Fibonacci | 70.29 | 76.49 | 80.32 | 86.52 | 92.72 | 96.55 | 102.75 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 28.96 | |
| MACD (12,26,9): | -3.8000 | |
| Directional Movement: | -31.43 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 76.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 84.70 | |
| Elder Ray (13): | -7.65 | |
| Super Trend (3,10): | 80.79 | |
| Zig ZAG (10): | 70.32 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 5.71 | |
| TEMA (21): | 73.47 | |
| Williams %R (14): | -95.26 | |
| Chande Momentum Oscillator (20): | -15.30 | |
| Repulse (5,40,3): | -8.9800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3700 | |
| Courbe Coppock: | 18.67 |
| MA7: | 76.68 | |
| MA20: | 81.40 | |
| MA50: | 84.91 | |
| MA100: | 85.24 | |
| MAexp7: | 75.14 | |
| MAexp20: | 80.60 | |
| MAexp50: | 84.10 | |
| MAexp100: | 84.75 | |
| Price / MA7: | -8.62% | |
| Price / MA20: | -13.92% | |
| Price / MA50: | -17.48% | |
| Price / MA100: | -17.80% | |
| Price / MAexp7: | -6.75% | |
| Price / MAexp20: | -13.06% | |
| Price / MAexp50: | -16.68% | |
| Price / MAexp100: | -17.32% |
This member declared not having a position on this financial instrument or a related financial instrument.
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