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Elastic NV

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ESTC Trade Analysis & Plan📊 ESTC Trade Analysis & Plan Symbol: NYSE:ESTC (Elastic N.V.) Current Price: $89.18 Bias: 🔥 Bullish (Short-to-Mid Term) 🔎 Technical Observations Double Bottom Formation around the $74.60 level confirms a strong base with buyers defending the zone. Fibonacci Levels: Price currently consolidating near equilibrium and attempting to reclaim the 0.618 retracement zone. Major upside extensions point toward $113–$118 before reaching the 1.618 Fib expansion. Supply Zones marked between $95–$118 may act as resistance clusters; however, strong momentum could trigger a breakout. Volume Analysis: Noticeable spikes on rallies suggest accumulation during dips. 📈 Predictive & Institutional Models WaverVanir DSS Forecast: 15-Day: $90.09 (+1.0%) 30-Day: $91.29 (+2.4%) Institutional Forecast (Stacked Ensemble): Target Price: $96.87 (+8.6%) Confidence Interval: $92.28–$102.65 Signal: STRONG BUY Risk Metrics: Max Drawdown: 36.4% Sharpe Ratio: 0.59 (moderate risk-adjusted return) Institutional Agreement: 9/9 bullish 🛠 Trade Plan Entry Zone: $88.5–$90.0 (current consolidation zone) Stop Loss: $82.75 (recent structural low, ~7% downside protection) Target 1: $90.96 (short-term resistance) Target 2: $96.87 (institutional forecast target, +8.6%) Target 3: $113.00 (Fib 1.272 extension if breakout sustains) Risk/Reward: ~1:2+ Position Size: 25% allocation recommended due to volatility ⚡️ Catalyst Watch Technical Catalyst: Double bottom & Fib extensions aligning with predictive bullish models. AI/Institutional Consensus: Strong Buy signal from institutional DSS with 95% confidence range supports the trade thesis. Market Sentiment: All nine institutional models lean bullish → upside bias remains intact. 🚀 Conclusion ESTC is showing a structural reversal pattern, supported by predictive DSS and institutional grade forecasting. As long as $82.75 holds, the path of least resistance is up. First targets are modest ($91–$97), but a clean breakout above $100 could open the door to triple-digit Fib extensions ($113–$118). Trade smart, manage risk, and scale in/out.
NYSE:ESTCLong
by Wavervanir_International_LLC
5/30/24 - $estc - difficult setup for longs-caution. out of pool5/30/24 - vrockstar - NYSE:ESTC - careful here. burning a post to warn that this 10x sales valuation but ~20% pa growth and no opex flex + a ton of stock comp obscuring true FCF generation are the factors that are getting murdered in this tape. the stock has been an unlikley winner since struggling v. the Q's for some time. the options chain is defn pricing in a lot of volatility and many are hedging quite expensive (for good reason in the 80s handle). don't think this is one that beats and rips much further than low 100s and downside is probably 2x the upside here. caution.
NYSE:ESTCShort
by VROCKSTAR
ELASTIC N V now is in BUY Situation DailyHey guys, ELASTIC N V is in a bullish dynamic with an average sales volume and a doji which makes see a rejection of the buyers. On the TIMEFRAME 1Min a doji on the VWAP with a bounce and a big shadow bulls made. It goes in the direction of its previous higher on the TIMEFRAME 15 Min. Big possibility of reaching your next highest on the daily the next objective is on the next high. It can be achieved if the buyers make their returns. Please LIKE & FOLLOW, thank you!
NYSE:ESTCShort
by stephanelibatd