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Downtrend ExhaustionArchive
- 5/10/2024 -
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Estee Lauder (EL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Estee Lauder (EL). During the week, the EL gave back -0.94 points, or -0.71%, and closed at 132.00 on Friday, May 10, 2024. EL was trading at average weekly trading volume.
 Long-term trend: [See EL long-term trend chart]
A long-term downtrend had started on February 2, 2023 at 283.62 and reached 102.22 on November 1, 2023. EL lost 181.40 points, or 63.96%, in 38 weeks. The price is now at the 16.42% retracement level.
 Medium-term trend: [See EL medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 102.22 and reached 159.75 on February 5, 2024. EL gained -57.53 points, or -56.28%, in 13 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (158.52) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See EL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See EL short-term trend chart]
A short-term downtrend had started on April 23, 2024 at 149.91 and reached 124.03 on May 1, 2024. EL lost 25.88 points, or 17.26%, in 8 days. The price is now at the 30.80% retracement level.
Daily Technical Indicators: [See EL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 30, 2024. This is an indication that the short-term trend is down.
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