Elastic N.v. | ESTC

Daily Technical Analysis of Elastic N.v.

Elastic N.v. hasn't moved too much today but is slightly up, only up 0.35% since yesterday.

The company isn't at an immediate support or resistance level that might be predictive. Momentum wise Elastic N.v., has been oscillating up and down but hasn't shown much directional energy that would be predictive to the near future. ESTC might find some support at the 75.43 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Elastic N.v. By Price Target And Rating

The analysts are pretty neutral on Elastic N.V. right now, so not much useful information here. The current Analysts Sentiment Score is 7.14. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-03-04 Citigroup lowered their price target by -6.06% to $155.00. On 2024-03-01 Stifel Nicolaus increased their price target by 31.31% to $130.00. Scotiabank dropped their price target by -16.76% to $154.00 on 2024-03-01. On 2024-03-01 Barclays lowered their price target by -1.54% to $128.00. Rosenblatt Securities gave a boost to their price target and moved to $136.00 from $105.00 on 2024-03-01. On 2024-03-01 The Goldman Sachs Group increased their price target by 13.98% to $106.00. Oppenheimer gave a boost to their price target and moved to $130.00 from $110.00 on 2024-03-01. Truist Financial decided to move up their price target on 2024-02-20 to $140.00 which is a 7.69% increase. On 2023-12-01 there was confirmation of the previous rating by Wedbush which was Neutral and provided a price target of $67.00. JPMorgan Chase & Co. provided a price target boost of 12.64% to $98.00 from $87.00 on 2023-12-01.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Elastic N.V.

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Elastic N.V.

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.