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 ELF
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e.l.f. Beauty Inc stock price down 0.794% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 14, 2023 Gain 84.78% PDF

The e.l.f. Beauty Inc stock price fell by -0.794% on the last day (Wednesday, 27th Mar 2024) from $197.82 to $196.25. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.70% from a day low at $192.92 to a day high of $200.05. The price has fallen in 8 of the last 10 days and is down by -4.93% for this period. Volume has increased on the last day by 50 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 899 thousand shares were bought and sold for approximately $176.52 million.

Given the current short-term trend, the stock is expected to rise 42.77% during the next 3 months and, with a 90% probability hold a price between $280.19 and $340.49 at the end of this 3-month period.

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ELF Signals & Forecast

A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -9.73%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The e.l.f. Beauty Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $199.75. On a fall, the stock will find some support from the long-term average at approximately $192.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for e.l.f. Beauty Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $164.82 and $156.38. There is a 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, e.l.f. Beauty Inc finds support just below today's level at $164.82. If this is broken, then the next support from accumulated volume will be at $156.38 and $153.86.

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 $7.13 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 4.38%.

Our recommended stop-loss: $189.21 (-3.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (ELF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect e.l.f. Beauty Inc to open at $196.41, and during the day (based on 14 day Average True Range), to move between $187.03 and $205.47, which gives a possible trading interval of +/-$9.22 (+/-4.70%) up or down from last closing price. If e.l.f. Beauty Inc takes out the full calculated possible swing range there will be an estimated 9.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $199.37 (1.59%) than the support at $164.82 (16.02%), 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.

Is e.l.f. Beauty Inc stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.780 Buy Candidate Unchanged

Predicted Opening Price for e.l.f. Beauty Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$196.41 ( 0.0798%) $196.25

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

Trading levels for ELF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 203.54 3.71 %
R2 200.81 2.33 %
R1 199.13 1.47 %
Current price: 196.25
Support S1 193.68 -1.31 %
S2 192.00 -2.17 %
S3 189.28 -3.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 208.96 6.48 %
R2 201.62 2.74 %
R1 199.37 1.59 %
Current price 196.25
Support S1 164.82 -16.02%
S2 156.38 -20.32%
S3 153.86 -21.60%

FAQ

What is the symbol for e.l.f. Beauty Inc Stock and on which exchange is it traded?
The symbol for e.l.f. Beauty Inc is ELF and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell e.l.f. Beauty Inc Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy e.l.f. Beauty Inc Stock?
e.l.f. Beauty 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 e.l.f. Beauty Inc Stock.

What's the current price of e.l.f. Beauty Inc Stock?
As of the end of day on the 2024-03-27, the price of an e.l.f. Beauty Inc (ELF) share was $196.25.

What is the 52-week high and low for e.l.f. Beauty Inc Stock?
The 52-week high for e.l.f. Beauty Inc Stock is $221.83 and the 52-week low is $78.62.

What is the market capitalization of e.l.f. Beauty Inc Stock?
As of the 2024-03-27, the market capitalization of e.l.f. Beauty Inc is 10.893B.

When is the next earnings date for e.l.f. Beauty Inc?
The upcoming earnings date for e.l.f. Beauty Inc is May 22, 2024.
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About e.l.f. Beauty Inc

e.l.f. Beauty e.l.f. Beauty, Inc., together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily thro... ELF Profile

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