ESTC Price Prediction, Elastic NV AI Recommendations

ESTC in upward trend: 10-day moving average moved above 50-day moving average on December 01, 2023

The 10-day moving average for ESTC crossed bullishly above the 50-day moving average on December 01, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 28, 2023. You may want to consider a long position or call options on ESTC as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ESTC just turned positive on November 14, 2023. Looking at past instances where ESTC's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

ESTC moved above its 50-day moving average on November 28, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a +3 3-day Advance, the price is estimated to grow further. Considering data from situations where ESTC advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ESTC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ESTC broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ESTC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (18.622) is normal, around the industry mean (20.967). P/E Ratio (0.000) is within average values for comparable stocks, (158.832). Projected Growth (PEG Ratio) (1.276) is also within normal values, averaging (2.583). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (6.761) is also within normal values, averaging (74.499).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

ESTC is expected to report earnings to fall 25.76% to 27 cents per share on March 01

Q1'24

Est.

$0.27

Q4'23

Beat

by $0.13

Q3'23

Beat

by $0.14

Q2'23

Beat

by $0.13

Q1'23

Beat

by $0.12