(ELF) Investment Analysis

December 24, 2024, 13:54 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ELF

• Buy ELF near 127.09 target 162.82 stop loss @ 126.72 Details

The technical summary data tells us to buy ELF near 127.09 with an upside target of 162.82. This data also tells us to set a stop loss @ 126.72 to protect against excessive loss in case the stock begins to move against the trade. 127.09 is the first level of support below 131.91 , and by rule, any test of support is a buy signal. In this case, support 127.09 is being tested, a buy signal would exist.

• Short ELF slightly under 162.82, target 127.09, stop loss @ 163.29 Details

The technical summary data is suggesting a short of ELF as it gets near 162.82 with a downside target of 127.09. We should have a stop loss in place at 163.29though. 162.82 is the first level of resistance above 131.91, and by rule, any test of resistance is a short signal. In this case, if resistance 162.82 is being tested, a short signal would exist.

Swing Trading Plans for ELF

• Buy ELF slightly over 132.48, target 162.82, Stop Loss @ 132.1 Details

If 132.48 begins to break higher, the technical summary data tells us to buy ELF just slightly over 132.48, with an upside target of 162.82. The data also tells us to set a stop loss @ 132.1 in case the stock turns against the trade. 132.48 is the first level of resistance above 131.91, and by rule, any break above resistance is a buy signal. In this case, 132.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ELF slightly near 132.48, target 127.09, Stop Loss @ 132.86. Details

The technical summary data is suggesting a short of ELF if it tests 132.48 with a downside target of 127.09. We should have a stop loss in place at 132.86 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 132.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ELF

• Buy ELF slightly over 132.48, target 162.82, Stop Loss @ 132.17 Details

If 132.48 begins to break higher, the technical summary data tells us to buy ELF just slightly over 132.48, with an upside target of 162.82. The data also tells us to set a stop loss @ 132.17 in case the stock turns against the trade. 132.48 is the first level of resistance above 131.91, and by rule, any break above resistance is a buy signal. In this case, 132.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ELF slightly near 132.48, target 128.97, Stop Loss @ 132.79. Details

The technical summary data is suggesting a short of ELF if it tests 132.48 with a downside target of 128.97. We should have a stop loss in place at 132.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 132.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for E.l.f. Beauty Inc. (ELF) available here: ELF.

ELF Ratings for December 24:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	95.27
P2	122.78	124.86	127.09
P3	128.97	132.48	162.82

AI Generated Signals for ELF

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With an objective approach to E.l.f. Beauty Inc. (NYSE: ELF), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ELF change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ELF is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ELF too.  All of these are offered below the Summary Table.