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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ESTA
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Weaker technical forecast for Establishment Labs Holdings Inc. as stock downgraded to Sell Candidate.
(Updated on May 02, 2024)

Sell candidate since May 02, 2024 PDF

The Establishment Labs Holdings Inc. stock price fell by -2.19% on the last day (Thursday, 2nd May 2024) from $50.61 to $49.50. During the last trading day the stock fluctuated 4.37% from a day low at $49.00 to a day high of $51.14. The price has been going up and down for this period, and there has been a -5.84% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -28 thousand shares and in total, 194 thousand shares were bought and sold for approximately $9.61 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $48.52 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 35.11% during the next 3 months and, with a 90% probability hold a price between $65.55 and $80.67 at the end of this 3-month period.

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ESTA Signals & Forecast

There are mixed signals in the stock today. The Establishment Labs Holdings Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $50.52. On a fall, the stock will find some support from the short-term average at $49.30. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Establishment Labs Holdings Inc. stock

Establishment Labs Holdings Inc. finds support from accumulated volume at $47.47 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 $2.14 between high and low, or 4.37%. For the last week, the stock has had daily average volatility of 3.61%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ESTA) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Establishment Labs Holdings Inc. to open at $49.88, and during the day (based on 14 day Average True Range), to move between $47.10 and $51.90, which gives a possible trading interval of +/-$2.40 (+/-4.86%) up or down from last closing price. If Establishment Labs Holdings Inc. takes out the full calculated possible swing range there will be an estimated 9.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $49.90 (0.81%) than the support at $47.47 (4.10%), 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

Establishment Labs Holdings Inc. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.650. We will update the financials statements for Establishment Labs Holdings Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.42% in the first trading day after earnings release.

Is Establishment Labs Holdings Inc. stock A Buy?

Establishment Labs Holdings Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.593 Sell Candidate Downgraded

Predicted Opening Price for Establishment Labs Holdings Inc. of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$49.88 ( 0.768%) $49.50

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ESTA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 52.02 5.09 %
R2 51.20 3.44 %
R1 50.70 2.42 %
Current price: 49.50
Support S1 49.06 -0.88 %
S2 48.56 -1.90 %
S3 47.74 -3.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 50.45 1.92 %
R2 50.41 1.84 %
R1 49.90 0.81 %
Current price 49.50
Support S1 47.47 -4.10%
S2 45.68 -7.72%
S3 38.46 -22.30%

FAQ

What is the symbol for Establishment Labs Holdings Inc. Stock and on which exchange is it traded?
The symbol for Establishment Labs Holdings Inc. is ESTA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Establishment Labs Holdings Inc. Stock?
Establishment Labs Holdings Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Establishment Labs Holdings Inc. Stock?
Establishment Labs Holdings Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Establishment Labs Holdings Inc. Stock.

What's the current price of Establishment Labs Holdings Inc. Stock?
As of the end of day on the May 02, 2024, the price of an Establishment Labs Holdings Inc. (ESTA) share was $49.50.

What is the 52-week high and low for Establishment Labs Holdings Inc. Stock?
The 52-week high for Establishment Labs Holdings Inc. Stock is $73.00 and the 52-week low is $17.00.

What is the market capitalization of Establishment Labs Holdings Inc. Stock?
As of the May 02, 2024, the market capitalization of Establishment Labs Holdings Inc. is 1.347B.

When is the next earnings date for Establishment Labs Holdings Inc.?
The upcoming earnings date for Establishment Labs Holdings Inc. is May 08, 2024.
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About Establishment Labs Holdings Inc.

Establishment Labs Holdings. Establishment Labs Holdings Inc., a medical technology company, manufactures and markets medical devices for aesthetic and reconstructive plastic surgery. The company primarily offers silicone gel-filled breast implants under Motiva Implants brand name. It also provides Motiva Ergonomix and Motiva Ergonomix2 gravity sensitive round soft silicone-gel-filled breast implants; and Motiva Flora Tissue Expander, a breast tissue expander, as well as dis... ESTA Profile

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