Weaker Buy Today EL ranks #928 as BUY CANDIDATE #928 Stronger Buy

Estee Lauder Companies Inc (The) stock forecast

EL stock forecast

Wednesday June 19, 2019 Change 0.38% Price $179.82
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will EL stock price go up or down on Thu, 20 Jun 2019?

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Estee Lauder Companies Inc (The) Forecast and Stock Analysis

Technical EL stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-17 Gain 1.24%


Estee Lauder Companies Inc (The) gained 0.38% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $179.14 to $179.82 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.77% from a day low at $177.29 to a day high of $180.42. The price has risen in 7 of the last 10 days and is up by 5.78% over the past 2 weeks. Volume fell in the last day by -0.27 million shares, and in total, 1.26 million shares bought and sold for approximately $227.24 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the EL stock price was $180.42 and low was $160.93.
  • 90 day high was $180.42 and low was $158.56.
  • 52 week high for the Estee Lauder Companies Inc (The) - $180.42 and low - $121.47.

Trend

Estee Lauder Companies Inc (The) lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $180.33 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 6.89% during the next 3 months and, with 90% probability hold a price between $174.69 and $192.76 at the end of this period.

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Signals

Only positive signals in the chart today. Estee Lauder Companies Inc (The) holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $178.01 and $170.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday May 31, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $170.30 and $167.29.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Estee Lauder Companies Inc (The) finds support just below today's level at $170.30. If this is broken, then the next support from accumulated volume will be at $167.29 and $164.35.

Support: $170.30 Price: $179.82

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $3.13 (1.77%) between high and low. For the last week, the stock has had a daily average volatility of 1.23%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $173.05 (-3.77%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 13 days ago.)

1.23 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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 this stock to perform well in the short-term.

Buy Candidate Downgraded
Weaker Buy Today EL ranks #928 as BUY CANDIDATE #928 Stronger Buy

Will EL stock price go up or down on Thu, 20 Jun 2019?

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