Elastic's 15min chart triggers MACD Death Cross, Bollinger Bands narrowing.
ByAinvest
Friday, Feb 6, 2026 3:36 pm ET1min read
ESTC--
According to the 15-minute chart of Elastic, the Moving Average Convergence Divergence (MACD) indicator has triggered a "Death Cross" signal, which is a bearish indicator that suggests the stock price may continue to decline. Furthermore, the Bollinger Bands, which measure the volatility of the stock price, are currently narrowing, indicating a decrease in the magnitude of price fluctuations. This combination of indicators suggests that the stock price may experience further downward pressure.
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