Estee Lauder Companies Inc (The) Stock Forecast
Green day on Tuesday for Estee Lauder Companies Inc (The) stock after gaining 1.02%
(Updated on Apr 23, 2024)
The Estee Lauder Companies Inc (The) stock price gained 1.02% on the last trading day (Tuesday, 23rd Apr 2024), rising from $147.42 to $148.92. During the last trading day the stock fluctuated 2.39% from a day low at $146.40 to a day high of $149.90. The price has been going up and down for this period, and there has been a 0.25% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 113 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $273.09 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.13% during the next 3 months and, with a 90% probability hold a price between $144.62 and $169.79 at the end of this 3-month period.
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EL Signals & Forecast
Mostly positive signals in the chart today. The Estee Lauder Companies Inc (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $142.54 and $146.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Estee Lauder Companies Inc (The) stock
Estee Lauder Companies Inc (The) finds support from accumulated volume at $146.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.50 between high and low, or 2.39%. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: $143.08 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (EL) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Estee Lauder Companies Inc (The) to open at $148.41, and during the day (based on 14 day Average True Range), to move between $144.38 and $153.46, which gives a possible trading interval of +/-$4.54 (+/-3.05%) up or down from last closing price. If Estee Lauder Companies Inc (The) takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $150.28 (0.91%) than the support at $146.21 (1.82%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Estee Lauder Companies Inc (The) will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.480. We will update the financials statements for Estee Lauder Companies Inc (The), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.40% in the first trading day after earnings release.
Is Estee Lauder Companies Inc (The) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Estee Lauder Companies Inc (The) stock to perform well in the short-term.
Current score: 1.792 Buy Candidate Unchanged
Predicted Opening Price for Estee Lauder Companies Inc (The) of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $148.41 ( 0.345%) | $148.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 151.91 | 2.01 % | |
| R2 | 150.57 | 1.11 % | ||
| R1 | 149.74 | 0.553 % | ||
| Current price: | 148.92 | |||
| Support | S1 | 147.07 | -1.24 % | |
| S2 | 146.24 | -1.80 % | ||
| S3 | 144.91 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 157.94 | 6.06 % | |
| R2 | 154.15 | 3.51 % | ||
| R1 | 150.28 | 0.91 % | ||
| Current price | 148.92 | |||
| Support | S1 | 146.21 | -1.82% | |
| S2 | 140.77 | -5.47% | ||
| S3 | 134.12 | -9.94% |
EL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.660 | 0.441% |
| 2 | Feb 05, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.660 | 0.441% |
| 3 | Nov 01, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.660 | 0.459% |
| 4 | Aug 18, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.660 | 0.424% |
| 5 | May 02, 2023 | May 30, 2023 | Jun 15, 2023 | $0.660 | 0.331% |
FAQ
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