What is tomorrows price prediction for elf
7/16/2024 01:00pm
**Prediction**: Tomorrow's price prediction for e.l.f. Beauty (ELF) is difficult to determine with certainty, as stock prices are influenced by a myriad of factors including market conditions, company performance, industry trends, and economic indicators. However, here's a structured analysis based on the available data:
1. **Technical Indicators**:
- The stock's closing price on July 15, 2024, was $194.19.
- The MACD was -3.38, indicating a bearish trend.
- The RSI was 36.29, suggesting the stock may be oversold.
- The KDJ was 22.55, which could indicate an oversold condition.
|Ticker|Name|RSI|MACD|KDJ|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|ELF.N|e.l.f. Beauty|36.2893|-3.3793|22.5516|20240715|ELF|169|
2. **Moving Averages**: The 5-Day Moving Average was $203.98, the 10-Day Moving Average was $203.36, and the 50-Day Moving Average was $186.93. The stock is currently trading below its 50-Day Moving Average and is approaching its 10-Day Moving Average.
|Ticker|Name|50-Day Moving Average|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|ELF.N|e.l.f. Beauty|186.9342|203.9780|203.3620|20240715|ELF|169|
3. **Analyst Ratings and Price Targets**: The consensus rating is a "Strong Buy" with an average price target of $215.69. This suggests that analysts are generally optimistic about the stock's future performance.
4. **Recent Performance**: The stock has experienced a significant decline of 7.92% on July 15, 2024, and has shown volatility in its recent price movements.
5. **Market Sentiment**: There is a bearish sentiment among analysts, with some indicating a sell signal and concerns about the stock's volatility. However, the company's market share growth and strong performance in the mass cosmetics industry could provide a counterpoint to these concerns.
In conclusion, while there are signs of bearish momentum and recent price declines, the consensus among analysts is positive, with a strong buy rating and an average price target that suggests potential upside. However, the stock's performance will likely be influenced by broader market conditions and investor sentiment. It is recommended to exercise caution and consider these factors when making a price prediction for tomorrow.