Establishment Labs Holdings Inc. Stock Forecast
Big movements in Establishment Labs Holdings Inc. stock price on Friday moving 11.75% between high and low
(Updated on Apr 19, 2024)
The Establishment Labs Holdings Inc. stock price fell by -9.87% on the last day (Friday, 19th Apr 2024) from $52.57 to $47.38. During the last trading day the stock fluctuated 11.75% from a day low at $47.07 to a day high of $52.60. The price has risen in 6 of the last 10 days but is still down by -12.52% for this period. Volume has increased on the last day by 253 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, 426 thousand shares were bought and sold for approximately $20.17 million.
Given the current short-term trend, the stock is expected to rise 53.20% during the next 3 months and, with a 90% probability hold a price between $72.59 and $88.82 at the end of this 3-month period.
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ESTA Signals & Forecast
There are few to no technical positive signals at the moment. The Establishment Labs Holdings Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $51.24 and $50.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -14.45%. 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.
Support, Risk & Stop-loss for Establishment Labs Holdings Inc. stock
Establishment Labs Holdings Inc. finds support from accumulated volume at $45.68 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 $5.53 between high and low, or 11.75%. For the last week, the stock has had daily average volatility of 5.20%.
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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Establishment Labs Holdings Inc. to open at $49.02, and during the day (based on 14 day Average True Range), to move between $44.75 and $50.01, which gives a possible trading interval of +/-$2.63 (+/-5.56%) 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 11.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.47 (0.19%) than the support at $45.68 (3.59%), 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 Establishment Labs Holdings Inc. stock A Buy?
The Establishment Labs Holdings Inc. stock holds several negative signals and despite the positive trend, we believe Establishment Labs Holdings Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -3.252 Sell Candidate Downgraded
Predicted Opening Price for Establishment Labs Holdings Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $49.02 ( 3.45%) | $47.38 |
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 | 54.55 | 15.13 % | |
| R2 | 52.43 | 10.67 % | ||
| R1 | 51.13 | 7.91 % | ||
| Current price: | 47.38 | |||
| Support | S1 | 46.90 | -1.00 % | |
| S2 | 45.60 | -3.76 % | ||
| S3 | 43.49 | -8.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.45 | 6.48 % | |
| R2 | 49.90 | 5.32 % | ||
| R1 | 47.47 | 0.190 % | ||
| Current price | 47.38 | |||
| Support | S1 | 45.68 | -3.59% | |
| S2 | 38.46 | -18.83% | ||
| S3 | 37.27 | -21.34% |
FAQ
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