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Archive
- 11/15/2024 -
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Estee Lauder (EL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the Estee Lauder (EL). During the week, the EL climbed 0.05 points, or 0.08%, and closed at 63.95 on Friday, November 15, 2024. Weekly volume was 40% above average.
EL is a member of Consumer Staples Sector. Consumer Staples is the second most oversold sector. EL is a member of Personal Products Industry. Personal Products is the seventh most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See EL long-term trend chart]
A long-term downtrend had started on January 3, 2022 at 374.20 and reached 62.29 on November 12, 2024. EL lost 311.91 points, or 83.35%, in 149 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 12.74 and resistance is at 118.07. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See EL medium-term trend chart]
A medium-term downtrend had started on September 30, 2024 at 103.44 and reached 62.29 on November 12, 2024. EL lost 41.15 points, or 39.78%, in 6 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See EL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since November 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See EL short-term trend chart]
A short-term uptrend had started on November 12, 2024 at 62.29 and reached 65.31 on November 14, 2024. EL gained -3.02 points, or -4.85%, in 2 days. The price is now at the 45.03% retracement level.
 Daily Technical Indicators: [See EL daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since October 14, 2024. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands is 296.09% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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