$ELF is $202 pt on horizon?NYSE:ELF clearly breaking out from base here. MAcd has turned to upside with William% range and RSI showing bullish divergence to the upside. My pt is $202 with volume gap above. Longby rahul4526Updated 1
ELF Beauty (ELF): Ready for a Turn? Key Insights Inside!Following the last earnings call, ELF Beauty Inc. has caught the attention of many investors, with the stock surging 25% since then. However, we do not believe this signifies the emergence of a new super-bullish trend. Instead, we anticipate entering Wave B, which will likely lead to another significant pullback. In our view, the stock has completed Wave (5) of the first cycle and is now in the process of forming an overarching Wave 2. The exact duration and nature of this Wave 2 remain uncertain, as it depends on whether it will be a longer or shorter corrective wave. In the coming days, we expect the stock to rise again, potentially reaching up to $207, which should be the maximum target. Just below this level is the high-volume node's point of control, which we expect to hold. It is possible that the stock could reach the high-volume node edge at $210, but it is unlikely to surpass this level. After this rise, we anticipate another sell-off down to Wave C, which we expect to fall within the range of $119 to $96. This expectation is based on the assumption that this is a zig-zag correction, where Wave C extends significantly below Wave A. Before the recent rise, we observed a clear collection of liquidity a few days ago, leading to the breakout of the trendline. The RSI is not yet overbought, but it could become so in the coming days. If the RSI forms higher highs and the price breaks above the high-volume node edge at $221, it could indicate the potential for further upward movement. However, our current expectation is that the stock will hit resistance and then enter Wave C, leading to a deeper correction.Shortby freeguy_by_wmcUpdated 4
E.L.F. Beauty (NYSE: $ELF) Jumped 22% on Q1 Earnings ResultsCosmetics company e.l.f. Beauty (NYSE: NYSE:ELF ) reported first-quarter earnings results that surpassed analysts' EPS expectations and revenue by 71% YoY. The company surpassed the SEED_TVCODER77_ETHBTCDATA:1B annual sales milestone in FY'24, but its operating margin missed analysts' expectations and its full-year revenue and earnings guidance missed Wall Street's estimates. ELF Beauty provided conservative guidance partly due to concerns about macro uncertainty, with the FY'25 sales forecast implying 21.1% growth. Analysts at William Blair and Bank of America highlighted a "meaningful" Q4 sales beat, viewing guidance for fiscal 2025 as likely conservative due to disciplined management and strong sales quarter to date. Total sales growth of 71% was driven by volume (up 50%) and price/mix (higher by 21%) and was broad based across categories (cosmetics, skin care) and channels (national retailers and digital). ELF Beauty ( NYSE:ELF ) forecasted EPS of $3.20-$3.25 in fiscal 2025, rising from $3.18 in fiscal 2024. The company guided revenue of $1.23 billion-$1.25 billion, also below views but up from $1.024 billion in fiscal 2024. ELF Beauty's fiscal year ends in March. Shares of the cosmetics company rocketed 18.8%, reaching 184.64 in big volume on the stock market today. ELF Beauty stock ( NYSE:ELF ) recovered the 50-day line for the first time since a broad beauty stock sell-off in April. The Relative Strength Index (RSI) which sits at 61.53 also bolted higher Thursday after lagging since March. Target issued a reassuring note on beauty sales while issuing a glum earnings report, stating shoppers bought beauty items but less of other discretionary items, such as apparel and home products. by DEXWireNews4
5/22/24 - $elf - setting up for taylor swift-kick-in-the-nuts?5/22/24 - vrockstar - NYSE:ELF - let's get real. the elf customer is probably sippin NASDAQ:SBUX , buying at NYSE:TGT and doing this all while wearing $lulu. while elf is a good discount brand, and that in theory *helps*... makeup is something that these customers already own a lot of... and if their replacement cycle starts to slow, or retailers are ordering in less inventory (*ahem* tgt)... this is MAD expensive at 50x next year EPS and even 30x on '27 PE. I'd love to eventually dip buy this but fear this is going to get the #taylor-swift-kick-in-the-pants treatment. i'm surprised the market is not more willing to sell these sorts of things first but the balance of risk looks more -ve here than +ve. i am not sure i'll short bc that's a miserable existance, but i'm tempted here if the chain looks to offer reasonable R/R. will keep you guys posted. Shortby VROCKSTARUpdated 2
ELF Bearish possible movementAs 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.Shortby GonzeeTrading2
ELF Stock-Weekly 26 EMA visit with a confirmative bullish movement. Long positions preferred. -15m sideways movement with a false breakout leading to a big bull leg. In order for the health of the trend to be validated we expect a profit taking action leading close to the zone. Entry after a pullback stalling on the zone followed by a strong bull candle/pattern. Stop loss below the lowest point of this pullback. Target on the next negotiation area. The trade provided is indicative of the process that must be followed. Longby koumkouat0
ELF potential Buy setupReasons for bullish bias: - Price moving in strong bull trend, if the price crosses 165.72 level, it will further confirm our analysis - basic DOW theory, safe play with trend Entry Level(buy stop) :165.72 Stop Loss Level: 141.43 Take Profit Level 1: 190.01Longby TradeWithParasUpdated 2
Bearish reversal expectedWeak points ● The group's valuation in terms of earnings multiples appears relatively high. Indeed, the company is currently paying 97.39 times its anticipated net earnings per share for the current financial year. ● Based on current prices, the company presents a particularly high valuation level in terms of enterprise value. ● The company appears highly valued given the size of its balance sheet. ● The company's valuation level is particularly high given the cash flows that its activity generates. ● The average consensus opinion of analysts covering the issue has deteriorated over the past four months.Shortby ElFarihi1
ELF - nice growth stockThis stock has terrific momentum and hopefully it takes a breather and presents another opportunity for a good entry point. 1) Year-over-year cash flow growth for e.l.f. Beauty is 59.7% 2) historical EPS growth rate for e.l.f. Beauty is 38%. However The company's EPS is expected to grow 62.4% this year, crushing the industry average, which calls for EPS growth of 20.4%. 3) ELF poducts cost a fraction of the price of those from other cosmetics companies 4) Company has a lot of buzz. below is a typical review of ELF. www.refinery29.com Longby Bubbalouie0
long entry to the upsidevolume continues to support current price action more upside next level of resistance would be roughly 220 if it stays above and holds price can continue further as it has been on a steady climb since breaking out above 200Longby nickso8330
ELF – Symmetrical Triangle breakout Good breakout at 162ELF – Symmetrical Triangle breakout Good breakout at 162. On consistently staying above it will show 190 ++Longby rahul1020300
ELF = Don't be naughty Don't be that girl who buys this stock here. It's A LITTLE TOO HIGH. Needs to return to earth. It will be below $120 before Nov 1. I'll keep an eye on a pull back location, but I'll also watch for a short.... ;-) Shortby ReallifetradingUpdated 334
ELF BeautyELF:- As long as price stays above 113. Stock is headed to 127. Below 113 Stock will head to 108.47 and 100.47Longby truthseeker6Updated 1
ELF - longer-term uptrend still intactELF has been one of the strong trending stocks since it broke above its 200 day moving average in Jun 2022. Despite the recent steep corrections experienced by the market in the past few weeks, ELF had only dipped briefly below it's 50 day moving average. Every reversion back to it's 50 day moving average as potential opportunity to long. with a trailing stop loss about 10% below the 50 day MA is prudent for the longer term investor. A swing trader would have a tighter trailing stop and on the lookout for re-entries on the long side as long as the trend remains intact. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!Longby Juliac0
Momentum Stock: Elf BeautyELF Beauty Inc is a cosmetics company that offers a range of beauty products primarily for young adults. Their product line includes makeup, skincare, and other related beauty accessories, positioning themselves as a value-oriented, high-quality brand. Price Performance Looking at their stock price performance, ELF Beauty Inc has shown robust growth over the past few years. The current price stands at $90.14, marking a substantial increase from its earlier values, as reflected by its impressive 1-year gain of approximately 281.63% and 5-year gain of 350.70%. Its 6-month gain and year-to-date gain are also notable at 68.33% and 60.48%, respectively, indicating sustained and consistent upward momentum. Relative Strength Index Analysis The company's relative strength index (RSI) stands at 53. The RSI is a momentum indicator that measures the speed and change of price movements. An RSI value of 70 or above indicates that a stock might be overbought and possibly due for a price correction, while an RSI value of 30 or below could imply that the stock is oversold and might be undervalued. An RSI of 53 for ELF Beauty Inc suggests that the stock is neither overbought nor oversold at the current price level. Financial Highlights Analysis ELF Beauty Inc has a market capitalization of approximately $4.78 billion and an EBITDA of $79.6 million. Its Price to Earnings (P/E) ratio is high at 103.092, which may suggest overvaluation, but this can be justified if the company’s future earnings growth is strong. Moreover, the PEG ratio of 2.03 indicates that the company's earnings are expected to grow at a decent pace. The company's profit margin stands at 9.43%, reflecting its ability to generate profits from its revenues. The return on equity (ROE) at 13.56% indicates that ELF Beauty Inc is utilizing its investors' funds effectively. Valuation Analysis A closer look at the company’s valuation metrics reveals that the Trailing PE is considerably high at 103.092 while the Forward PE is significantly lower at 45.8716, indicating expectations of improved earnings. The price-to-sales ratio (P/S) of 6.43 and price-to-book ratio (P/B) of 8.35 suggest a relatively high valuation, which can be justified if the company maintains a steady growth trajectory. Share Statistics and Technical Analysis There are about 53.3 million shares of ELF Beauty Inc outstanding with approximately 49.9 million floating in the market. The Beta value of 1.5039 suggests that the company’s stock price is relatively more volatile than the overall market. This high beta might offer potential for higher returns but also poses a higher risk. Dividends and Splits ELF Beauty Inc does not currently pay dividends, which is not unusual for growth-oriented companies that prefer to reinvest earnings back into the business to fuel further expansion. Analyst Recommendations and Forecasts The analyst sentiment towards ELF Beauty Inc is generally positive, as represented by an average rating of 4.0769 out of 5. This rating is a composite score, reflecting the views of 13 analysts in total. A closer examination of individual recommendations reveals that five analysts have issued a "strong buy" recommendation, four analysts have recommended a "buy," while four analysts have suggested a "hold" for the stock. Importantly, no analysts have recommended a "sell" or "strong sell," underscoring the overall optimistic outlook. The target price set by Wall Street analysts is $97.1, which indicates a potential upside of around 7.7% from the current price of $90.14. The favorable difference between the current price and the target price, combined with the generally positive analyst sentiment, suggests that the market professionals see potential for further growth in ELF Beauty's stock. However, it is always important to keep in mind that these are forecasts and not guarantees, and the actual performance could differ based on a variety of factors. Major Shareholders Major institutional shareholders include BlackRock Inc, Vanguard Group Inc, and State Street Corporation. Recent changes in share ownership reveal mixed trends, with some institutions increasing their holdings while others have decreased. It is worth noting that high institutional ownership can often be a positive sign, but it's also important to consider the trend of ownership changes. Insider Trading Analysis Insider trading activity can offer valuable insights into how those most closely associated with a company view its potential. Looking at the recent insider trading activities for ELF Beauty Inc, there has been a mix of buying and selling activity over the past 12 months. However, the overall net activity suggests a relatively neutral stance, and therefore, it is difficult to draw firm conclusions based on this alone. Overview Overall, ELF Beauty Inc has demonstrated strong growth and performance in the past, with its stock price reflecting this success. The company's financials are robust, and it seems to be positioned well for future growth. The company's valuation may seem high, but considering the strong growth in the cosmetics and beauty industry, it could be justified. Furthermore, a positive analyst outlook points to potential future gains. However, it is important to remember that while the analysis presented here provides a comprehensive overview of the company, potential investors should always conduct their own due diligence and consider their individual risk tolerance and investment goals before making investment decisions. Short Term Outlook In terms of any kind of short term entry, the stock has had a pretty strong pullback and you would need to wait to see if it turns around. We are coming up to earnings so I would definitely want to wait to see how that plays out before making any purchasing decisions. I would pay particular attention to any upwards movement on both the RSI and MACD for any kind of confirmation. For downside risk management, a trailing stop loss of around 12% would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed. As always how you interpret and decide to act on any results is up to you. This is just data not financial or trading advice and past performance is in no way any guarantee of future performance. Think of it as a way to spot stocks you might be interested in and can add to your watch list and perform further research on and or discuss with your broker. Again. Not trading advice . Industries and companies change. Trends can end. Do your own research / discuss it with your advisor, but might be one to watch. by zAngusUpdated 3320
May 30th , 2023 , NAK ACCOUNTS UPDATE Seem to be making some ground , crossing my fingers for some sideways rest on market and maybe might be seeing a higher low set on these accounts equity curve , to set us up for a move out of the range. As said before I am going to try to stick to regular monthly updates on these two accounts , good or bad . Tried to draw on some Trend lines over the account pics but didn't seem to work so well ... by NAK1987Updated 0
ELF , Fine i'll buy you again is that what you want ! bought , stop vs lod Wall street caught off guard , shake out prior too , I tried to be in but never worked so now i guess all there is to do is treat this as the wedge pop that it is but definitely extended ... Longby NAK1987Updated 2
ELF Entry, Volume, Target, StopWhen price clears 97.03 With daily volume greater than 1.27M Target: 105.00 area Depending on your risk tolerance: 94.39 gets you 3/1 Risk/Reward. Earnings: May 25th This trade idea is not trade advice. This idea is strictly based on my ideas and technical analysis. Not due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.Longby tradepatientlyUpdated 1
ELF , LONG Well today was stopped out of partially de-risked ELF , but then told to re enter . So I did . But one thing that I am also watching is ULTA , which is struggling and looks vulnerable. Longby NAK1987Updated 0
ELF, LONGMaybe not the best signal but we did close a wedge pop , just . This is the best performer of 2023 for me . Trends can continue , that's what I am hoping happens for ELF Longby NAK1987Updated 0
ELF , LONGThis is one of the strongest stocks in the market right now with three open 2/2 gaps , more than qualifies as a TT's name too . Personal note on my recent behavior , know thyself.... After getting bearish and shorting the 50sma loss on TQQQ, The market proved me wrong . Instead , providing wedge pops on TQQQ / QQQ . That puts the market back into GTM and requires me to 1) buy tqqq in a specialized account ( not posted but you can bet I do so whenever there is a signal rain or shine ) 2) I am required to buy stocks , at least one ( assuming I have a valid signal ) . I certainly don't like the news about the banks and essentially what was a bailout and one side of me wants to expect a bit of a black swan news event here , but that doesnt matter , all that matters is that I follow my strategy , and it says BUY. At least a little .... So I added one full position of ELF today and concentrated on TQQQ in separate account . I also decided not to short in the future because even though I know it can work to make money , I didn't like being negative on the market and I especially didn't like getting stopped on my TQQQ short in the morning and having to buy TQQQ in dedicated account on the close of the same day , in between that time or really right after the stop out on my TQQQ short I was very tempted ( unexpectedly might I say ) , to buy TQQQ with a stop under the low of day near the open , but my strategy is to take my positions at the close . So that would have been impulsive and wrong and would have skewed my trading results of the swing trade Strat . I believe those emotions were primarily caused by the short I took , although it was a valid signal taken at end of the day , the after-effect made me want to take impulsive actions , which I have done before but have gotten much better at controlling the emotions and usually I don't feel that way now in year three three of my journey . So , that made the decision simple , no more shorts in my swing trade account allowed ( I post every one of my swing trades on TV for me to use as a journal of sorts ) . Longby NAK1987Updated 0
e.l.f. Beauty - Nice steady runnere.l.f. Beauty, also known as e.l.f. Cosmetics, is a cosmetics company that offers a wide range of affordable and high-quality beauty products. The company's name stands for "eyes, lips, face," which reflects its focus on makeup products designed for these facial features. e.l.f. Beauty's product lineup includes cosmetics, skincare items, makeup brushes, and various beauty tools. The brand is known for its cruelty-free products, meaning they do not test on animals or use animal-derived ingredients. e.l.f. Beauty's mission is to provide accessible and affordable beauty products that allow everyone to enhance their natural beauty without breaking the bank. The company has gained popularity for offering quality products at lower price points compared to other cosmetic brands in the market. From a technical point of view, an entry might be expensive at this stage. I'd wait for an RSI pull back to the mid 50's and wait for it to head back up again - or get much closer to its 50 day MA or the SuperTrend line and head back up. Might be worth a watch. by zAngusUpdated 1111
April 17 2023 - Nak Accounts update I am doing something new , I am going to do a monthly update on some live account trading results , these are real accounts with real money and this is about year 3.5/4 for me as a person that decided they wanted to jump down the rabbit hole that is trading . I am nowhere near being a master , probably never will be but one thing is for sure , I love this game , winning, losing, all of it . So, I'm doing something that makes me actually a little uncomfortable, lol , I am opening up a private part of my journey to you guys and I have decided to actually post a monthly update of 2 of my accounts . I have two I am going to start sharing because they are slightly different versions of trading . The fast account is all the trades I post on TV, if I post a trade , I am buying it with that account . The risk is consistent for each trade and the signals are very consistent too . I risk 1.43% per entry and go through several stages to de risk , a good trade can have up to 4 transactions and the system is constantly updating . I post the entries but not he management of trades , with the exception of marking them as closed when I am finished ( but sometimes this is late ) . The slow account uses a similar entry tactic but those trades I do not post and it has different risk management , it also trades way way less and focuses on only one name . I keep this strategy off of TV at this time , but I will say how it works (or doesn't work sometimes lol) Uses Wedge pop entry, sell 1/3 at 2R , stop same , sell balance on DWD. This account also risks 3% a trade and only averages around 18 trades in a whole year , hence the description ( SLOW ) As you can see the slow account is slightly outpreforming the fast one , I look forward to sharing future updates . I think that more traders should share their real accounts, (especially ones without several years of positive expectancy performance to back them up , AKA me ). It's an honest way to prove your system either works or does not and it also it helps other to see just how many losers there are in a winning formula and that most winners have losing months . This period btw is the worst my batting average has been since I started to track it in early 2022 . I am at 25% BA right now , but proper risk management has helped to protect me . That being said I would love to have more trades work out to build a larger profit cushion , lots of the current profit is unrealized and a market pullback to put me back in the red for sure . In the future I may also start a day trading version but for now I plan on doing a monthly update on results , and I hope to keep it up for 2023 and follow up with year end trading stats based on the year of data . This will probably not be something I do forever but I would like to stick with it for 2023 at least and go from there . And yea ,I should add , I really don't know what I am doing , I am definitely not a pro , but I am determined and I have become a pretty good loser these last few years ;) I lost a lot of money in 2020 and 2021 , and only a tiny bit in 2022 ( but generated a positive expectancy) . Maybe might be on to my first green year , time will tell :) Could be red too though ! Either way i'll still be at it probably just like many others that have the trading bug and so with that being said time to press that blue button ~ Next month when I update this it will be more point form , just pictures , some notes , less chatter . by NAK19870