Question 1

What does the Stochastic Oscillator suggest about ESTC's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Question 2

How did ESTC's Momentum indicator behave recently?

Accepted Answer

ESTC saw its Momentum Indicator move above the 0 level on August 15, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned positive. In 74 of the 89 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 3

What does MACD indicator imply for ESTC?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for ESTC just turned positive on August 15, 2024. Looking at past instances where ESTC's MACD turned positive, the stock continued to rise in 42 of 51 cases over the following month. The odds of a continued upward trend are 0%.

Question 4

What is the significance of the 50-day moving average indicator for ESTC?

Accepted Answer

ESTC moved below its 50-day moving average on July 30, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 5

What is the significance of the 10-day moving average indicator for ESTC?

Accepted Answer

The 10-day moving average for ESTC crossed bearishly below the 50-day moving average on August 02, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 6

What does a 3-day price advance indicate for ESTC?

Accepted Answer

Following a +1.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where ESTC advanced for three days, in 242 of 310 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for ESTC's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ESTC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 8

What does ESTC breaking above its upper Bollinger Band indicate?

Accepted Answer

ESTC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 9

How does the Aroon Indicator reflect on ESTC's trend?

Accepted Answer

The Aroon Indicator for ESTC entered a downward trend on August 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

ESTC Stock Elastic (ESTC, $113.11) Moving Average Convergence Divergence (MACD) Histogram turned positive on June 6, 2024

Momentum Indicator for ESTC turns positive, indicating new upward trend

General Information