ESTEE LAUDER COMPANIES - 1H - Technical analysis published on 07/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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:
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.
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:
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:
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:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 236.66 | 240.73 | 243.16 | 247.23 | 249.66 | 253.73 | 256.16 |
Camarilla | 243.80 | 244.40 | 244.99 | 245.59 | 246.19 | 246.78 | 247.38 |
Woodie | 235.84 | 240.32 | 242.34 | 246.82 | 248.84 | 253.32 | 255.34 |
Fibonacci | 240.73 | 243.21 | 244.75 | 247.23 | 249.71 | 251.25 | 253.73 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 232.99 | 240.87 | 246.18 | 254.06 | 259.37 | 267.25 | 272.56 |
Camarilla | 247.85 | 249.06 | 250.27 | 251.48 | 252.69 | 253.90 | 255.11 |
Woodie | 231.70 | 240.23 | 244.89 | 253.42 | 258.08 | 266.61 | 271.27 |
Fibonacci | 240.87 | 245.91 | 249.03 | 254.06 | 259.10 | 262.22 | 267.25 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 189.80 | 209.99 | 232.33 | 252.52 | 274.86 | 295.05 | 317.39 |
Camarilla | 242.97 | 246.87 | 250.77 | 254.67 | 258.57 | 262.47 | 266.37 |
Woodie | 190.88 | 210.53 | 233.41 | 253.06 | 275.94 | 295.59 | 318.47 |
Fibonacci | 209.99 | 226.24 | 236.27 | 252.52 | 268.77 | 278.80 | 295.05 |
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 :
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15 min delayed data
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NYSE Stocks
News
The last news published on ESTEE LAUDER COMPANIES at the time of the generation of this analysis was as follows:
- The Estée Lauder Companies Elects a New Member to Its Board of Directors
- The Estée Lauder Companies Strengthens Its Global Fulfillment Network with the Opening of a New, State-of-the-Art Galgenen Distribution Center Dedicated to the Travel Retail Channel
- The Estée Lauder Companies to Present at dbAccess Global Consumer Conference
- The Estée Lauder Companies to Present at Bernstein’s 38th Annual Strategic Decisions Conference
- Estée Lauder Launches Emerging Leaders Fund to Advance the Next Generation of Women Redefining Leadership
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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