Welcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at NYSE:EL ...
I believe this code is at a point of potential volatility.
If price can hold below $144.43 ... Bearish potential may be unlocked.
My key downside targets include:
- $133.30 (Conservative)
- $110.11 (Medium)
- $95.00...
A breakthrough above $150 and the weekly 50-day Moving Average (MA), there's a high likelihood of revisiting our initial price accumulation level which around $200.
Estée Lauder (NYSE:EL) is making waves with a significant 6.6% surge following an analyst upgrade from Bank of America. The upgrade, from Neutral to Buy, accompanied by a raised price target, underscores renewed optimism in the beauty giant's future prospects.
Bank of America's bullish stance hinges on Estée Lauder's ( NYSE:EL ) strategic pivot towards product...
EL like ULTA was beaten down in covid times. It jumped in 2021 and fell in 2022 and 2023.
2024 might be the year they thrive again. On the weekly chart, EL is back to the support of
its levels of 2018. With an analyst upgrade coming from Bank of America it is now getting a
bit of attention. Trend strength and relative strength were down. I see this as a...
Double bottom apparently forming. Price is testing the 150 resistance but it doesn't want to go down, it keeps pushing it up. I think is going to try to break up the triangle again. Not sure if it's going to make it through at the second try but eventually it will.
EL has fallen more than 60% from its peak in Dec 2021. It's latest financial figures reveal a reduction in revenue and profitability. As a market leader in the personal care industry, it is also facing more and more small independent brands that continue to erode its market shares.
The chart shows it has reached a critical support level at 153.20 but I think it...
Estee Lauder ( NYSE:EL ) has emerged as a beacon of resilience in the cosmetics industry. The company's stock witnessed a remarkable surge of over 14% following the announcement of its second-quarter fiscal 2024 earnings, which exceeded analysts' expectations. The cosmetics giant also unveiled a strategic restructuring plan that involves job cuts, signaling a bold...
Reasons for bullish bias:
- Price is at strong weekly support
- Price has made a HL
- Entry is at breakout of last LH for further trend confirmation
Entry Level(Buy Stop): 153.03
Stop Loss Level: 122.18
Take Profit Level 1: 183.88
Looks like downturn is due to earnings.
Nov 1st 2023 we have a new earning.
Before earning, stock is at major support, last time it dipped to this price was in 2020 due to COVID.
Also there is a gap fill at high price($~230), which can happen if the earnings go really well.
$140 is a good price to buy for long term.
If $138 fails then $122 and $112 are...
TLDR:
Estee Lauder's recent price action at the historic monthly trend line and the $176 resistance level presents an intriguing trading opportunity. While considering the potential correction in the broader market, the stock's undervaluation based on fundamentals adds further appeal. As always, it is crucial to conduct thorough analysis, manage risk effectively,...
NYSE:EL I bought a ¼ size position yesterday, June 14, and added again this morning on follow through. Now ½ sized. It recaptured it’s 21 EMA yesterday and just barely had a Pocket Pivot. I have a tight stop on this as it’s way below the 50 DMA and the 40 Week MA. If you like bottom fishing, you might want to look at this one. Oh, and they also say they are...
The PEAD projected a neutral outlook for NYSE:EL after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
Strong trend line in green will prove to be a support for price.
This trend line extends back awhile on the Weekly timeframe.
I have plotted possible price action for how the recovery might play out.
Daily timeframe
After a heaving sell off, EL appears to be finding support at the 78.6% fib retracement of it's major upswing AB (see mthly chart on Left).
Odds appear good that a rebound could be in the works as the bullish divergence seen on the daily chart spanning over the last few weeks is now supported by a mildly bullish divergence seen on the monthly chart as well.
I...
