e.l.f. Beauty, Inc.Singkat
ELF Bearish possible movement
As previously mentioned, the overall market sentiment is currently bearish, indicating a higher likelihood of downward movement in stocks.
Considering this backdrop, it's notable that this particular business has reported decreasing earnings in line with its recent quarterly reports.
From a technical standpoint, the price has experienced a pullback following a bearish leg to the 25MA, reacting from it. However, it's crucial to note that the accompanying volume is diminishing. Unless there is a notable increase in downside volume, this pullback might be deceptive. Nevertheless, it's likely only a matter of time before volume picks up, potentially signaling an opportunity for a short sell.
Considering this backdrop, it's notable that this particular business has reported decreasing earnings in line with its recent quarterly reports.
From a technical standpoint, the price has experienced a pullback following a bearish leg to the 25MA, reacting from it. However, it's crucial to note that the accompanying volume is diminishing. Unless there is a notable increase in downside volume, this pullback might be deceptive. Nevertheless, it's likely only a matter of time before volume picks up, potentially signaling an opportunity for a short sell.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.