ESTEE LAUDER COMPANIES
ESTEE LAUDER COMPANIES
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
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High / Low range: -
Type: Stocks
Ticker: EL
ISIN:

ESTEE LAUDER COMPANIES - 1H - Technical analysis published on 07/12/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 249.76 USD
My targets
240.87 USD (-1.90%)
232.94 USD (-5.13%)
My analysis
The bearish trend is currently very strong for ESTEE LAUDER COMPANIES. As long as the price remains below the resistance at 249.76 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 240.87 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 232.94 USD as an objective. Crossing it would then enable sellers to target 215.90 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.3

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

ESTEE LAUDER COMPANIES rating 245.53 USD. The price registered a decrease of -0.02% on the session and was traded between 243.92 USD and 247.29 USD over the period. The price is currently at +0.66% from its lowest and -0.71% from its highest.

243.92
247.29
245.53

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ESTEE LAUDER COMPANIES:

Technical


Technical analysis of this 1H chart of ESTEE LAUDER COMPANIES indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a bearish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 215.90 232.94 245.26 245.53 249.76 257.02 261.90
Change (%) -12.07% -5.13% -0.11% - +1.72% +4.68% +6.67%
Change -29.63 -12.59 -0.27 - +4.23 +11.49 +16.37
Level Major Major Minor - Intermediate Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard236.66240.73243.16247.23249.66253.73256.16
Camarilla243.80244.40244.99245.59246.19246.78247.38
Woodie235.84240.32242.34246.82248.84253.32255.34
Fibonacci240.73243.21244.75247.23249.71251.25253.73


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard232.99240.87246.18254.06259.37267.25272.56
Camarilla247.85249.06250.27251.48252.69253.90255.11
Woodie231.70240.23244.89253.42258.08266.61271.27
Fibonacci240.87245.91249.03254.06259.10262.22267.25


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard189.80209.99232.33252.52274.86295.05317.39
Camarilla242.97246.87250.77254.67258.57262.47266.37
Woodie190.88210.53233.41253.06275.94295.59318.47
Fibonacci209.99226.24236.27252.52268.77278.80295.05

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 37.63
MACD (12,26,9): -2.6100
Directional Movement: -15.78
AROON (14): -64.28
DEMA (21): 245.40
Parabolic SAR (0,02-0,02-0,2): 247.88
Elder Ray (13): -1.05
Super Trend (3,10): 252.20
Zig ZAG (10): 245.63
VORTEX (21): 0.7700
Stochastique (14,3,5): 25.62
TEMA (21): 244.12
Williams %R (14): -80.04
Chande Momentum Oscillator (20): -5.86
Repulse (5,40,3): -0.5300
ROCnROLL: 2
TRIX (15,9): -0.1500
Courbe Coppock: 5.00
MA7: 253.54
MA20: 251.17
MA50: 248.10
MA100: 261.75
MAexp7: 246.22
MAexp20: 248.75
MAexp50: 252.01
MAexp100: 252.61
Price / MA7: -3.16%
Price / MA20: -2.25%
Price / MA50: -1.04%
Price / MA100: -6.20%
Price / MAexp7: -0.28%
Price / MAexp20: -1.29%
Price / MAexp50: -2.57%
Price / MAexp100: -2.80%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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