(ELF) Trading Signals

February 05, 2025, 14:20 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ELF

• Buy ELF near 83.48 target 108.98 stop loss @ 83.24 Details

The technical summary data tells us to buy ELF near 83.48 with an upside target of 108.98. This data also tells us to set a stop loss @ 83.24 to protect against excessive loss in case the stock begins to move against the trade. 83.48 is the first level of support below 86.995 , and by rule, any test of support is a buy signal. In this case, support 83.48 would be being tested, so a buy signal would exist.

• Short ELF slightly under 108.98, target 83.48, stop loss @ 109.29 Details

The technical summary data is suggesting a short of ELF as it gets near 108.98 with a downside target of 83.48. We should have a stop loss in place at 109.29though. 108.98 is the first level of resistance above 86.995, and by rule, any test of resistance is a short signal. In this case, if resistance 108.98 is being tested, so a short signal would exist.

Swing Trading Plans for ELF

• Buy ELF slightly over 95.79, target 108.98, Stop Loss @ 95.51 Details

If 95.79 begins to break higher, the technical summary data tells us to buy ELF just slightly over 95.79, with an upside target of 108.98. The data also tells us to set a stop loss @ 95.51 in case the stock turns against the trade. 95.79 is the first level of resistance above 86.995, and by rule, any break above resistance is a buy signal. In this case, 95.79, 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 95.79, target 86.86, Stop Loss @ 96.07. Details

The technical summary data is suggesting a short of ELF if it tests 95.79 with a downside target of 86.86. We should have a stop loss in place at 96.07 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, 95.79, 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 91.77, target 95.79, Stop Loss @ 91.56 Details

If 91.77 begins to break higher, the technical summary data tells us to buy ELF just slightly over 91.77, with an upside target of 95.79. The data also tells us to set a stop loss @ 91.56 in case the stock turns against the trade. 91.77 is the first level of resistance above 86.995, and by rule, any break above resistance is a buy signal. In this case, 91.77, 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 91.77, target 86.86, Stop Loss @ 91.98. Details

The technical summary data is suggesting a short of ELF if it tests 91.77 with a downside target of 86.86. We should have a stop loss in place at 91.98 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, 91.77, 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 February 05:

AI Generated Signals for ELF

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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.