Why Elastic N.V. ($ESTC) Is Acting Slightly Strange (2019-11-12)

REPORTING FOR 2019-11-12 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how ESTC has been trading over the last 2 weeks and the past day especially. On its latest session, Elastic N.V. ($ESTC) opened at 71.7, reaching a high of 72.0 and a low of 70.06 before closing at a price of 70.72. There was a total volume of 2357387.

VOLUME INDICATORS FOR ELASTIC N.V. ($ESTC): We saw an accumulation-distribution index of 1221.22533, an on-balance volume of 72.38, chaikin money flow of 11.93333 and a force index of 5.588. There was an ease of movement rating of -0.00782, a volume-price trend of -10.9947 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR ELASTIC N.V. ($ESTC): We noted an average true range of 2.29793, bolinger bands of 73.44816, an upper bollinger band of 68.44184, lower bollinger band of 70.06, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 71.25333, high band keltner channel of 70.95333, low band keltner channel of 71.55333, 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 70.06, a donchian channel low band of 70.06, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR ELASTIC N.V. ($ESTC): We calculated a Moving Average Convergence Divergence (MACD) of 0.03971, a MACD signal of 0.02206, a MACD difference of 0.01765, a fast Exponential Moving Average (EMA) indicator of 70.06, a slow Exponential Moving Average (EMA) indicator of 70.06, 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 0.09587, a trix of -13.1183, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 12.88238, a KST Oscillator (KST) of -155.31725 and a KST Oscillator (KST Signal) of -155.31725 (leaving a KST difference of 5.33503). We also found an Ichimoku rating of 71.85, an Ichimoku B rating of 71.85, a Ichimoku visual trend A of 84.87879, an Ichimoku visual trend B of 83.19549, 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 ELASTIC N.V. ($ESTC): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 51.06403, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -17.72923, a stochastic oscillator of 646.66667, a stochastic oscillator signal of 646.66667, a Williams %R rating of 546.66667 and an awesome oscillator of 0.46417.

RETURNS FOR ELASTIC N.V. ($ESTC): There was a daily return of -15.53173, a daily log return of 2.49502 and a cumulative return of 2.52641.

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 2019-11-12 (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 Elastic N.V. ($ESTC)…

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 Elastic N.V. ($ESTC) 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.

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