Is Establishment Labs Holdings Inc. ($ESTA) Set To Blow Up? (2019-11-08)

REPORTING FOR 2019-11-08 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how ESTA has been trading over the last 2 weeks and the past day especially. On its latest session, Establishment Labs Holdings Inc. ($ESTA) opened at 20.92, reaching a high of 21.23 and a low of 20.35 before closing at a price of 20.74. There was a total volume of 43735.

VOLUME INDICATORS FOR ESTABLISHMENT LABS HOLDINGS INC. ($ESTA): We saw an accumulation-distribution index of 122.00258, an on-balance volume of -20.94, chaikin money flow of 4.67742 and a force index of 0.54. There was an ease of movement rating of 0.01332, a volume-price trend of 0.10922 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR ESTABLISHMENT LABS HOLDINGS INC. ($ESTA): We noted an average true range of 0.66694, bolinger bands of 20.56941, an upper bollinger band of 19.89059, lower bollinger band of 20.35, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 20.83333, high band keltner channel of 20.52333, low band keltner channel of 21.14333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 20.35, a donchian channel low band of 20.35, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR ESTABLISHMENT LABS HOLDINGS INC. ($ESTA): We calculated a Moving Average Convergence Divergence (MACD) of -0.00538, a MACD signal of -0.00299, a MACD difference of -0.00239, a fast Exponential Moving Average (EMA) indicator of 20.35, a slow Exponential Moving Average (EMA) indicator of 20.35, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 1.16568, a trix of 2.71501, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -0.07646, a KST Oscillator (KST) of 3.77122 and a KST Oscillator (KST Signal) of 3.77122 (leaving a KST difference of -2.95952). We also found an Ichimoku rating of 21.075, an Ichimoku B rating of 21.075, a Ichimoku visual trend A of 20.96331, an Ichimoku visual trend B of 20.5937, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR ESTABLISHMENT LABS HOLDINGS INC. ($ESTA): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 11.82695, a stochastic oscillator of 283.87097, a stochastic oscillator signal of 283.87097, a Williams %R rating of 183.87097 and an awesome oscillator of -0.28067.

RETURNS FOR ESTABLISHMENT LABS HOLDINGS INC. ($ESTA): There was a daily return of 0.37712, a daily log return of -1.18637 and a cumulative return of -1.17936.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-08 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Establishment Labs Holdings Inc. ($ESTA)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Establishment Labs Holdings Inc. ($ESTA) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com

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