Estee Lauder Companies Inc (The) Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Estee Lauder Companies Inc (The) stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The Estee Lauder Companies Inc (The) stock price gained 1.70% on the last trading day (Friday, 26th Apr 2024), rising from $144.99 to $147.45. During the last trading day the stock fluctuated 2.77% from a day low at $143.71 to a day high of $147.69. The price has been going up and down for this period, and there has been a 6.23% gain for the last 2 weeks. Volume fell on the last day by -790 thousand shares and in total, 2 million shares were bought and sold for approximately $318.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 2.39% during the next 3 months and, with a 90% probability hold a price between $140.69 and $163.62 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. Also, 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 $146.49 and $146.42. 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 7.68%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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 $3.98 between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: $142.15 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (EL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Estee Lauder Companies Inc (The) to open at $146.28, and during the day (based on 14 day Average True Range), to move between $143.01 and $151.89, which gives a possible trading interval of +/-$4.44 (+/-3.01%) 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 6.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $146.21 (0.84%) than the resistance at $150.28 (1.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.089 Buy Candidate Upgraded
Predicted Opening Price for Estee Lauder Companies Inc (The) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $146.28 ( 0.791%) | $147.45 |
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 | 150.26 | 1.91 % | |
| R2 | 148.74 | 0.88 % | ||
| R1 | 147.80 | 0.240 % | ||
| Current price: | 147.45 | |||
| Support | S1 | 144.76 | -1.82 % | |
| S2 | 143.82 | -2.46 % | ||
| S3 | 142.30 | -3.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 157.94 | 7.11 % | |
| R2 | 154.15 | 4.54 % | ||
| R1 | 150.28 | 1.92 % | ||
| Current price | 147.45 | |||
| Support | S1 | 146.21 | -0.84% | |
| S2 | 140.77 | -4.53% | ||
| S3 | 134.12 | -9.04% |
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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