Stock Under the Lens: e.l.f. Beauty, Inc. (:ELF): SMA 30 Hits 11.452

Investors are typically trying to find solid stocks to add to the portfolio. When it comes to stock picking, there is no magic formula. There are various techniques that may provide better outcomes than others, but it’s how these techniques are put together and applied that can make all the difference. One of the keys to successful investing is the proper use of information. Everyone can see the vast amount of data that is available on publically traded companies. Being able to interpret the data could end up being the most important factor when it comes to successfully selecting stocks to buy. Taking the time to investigate a particular stock that looks attractive can be a smart move. Investors may be better served to not just jump on the hot stock of the day, but employ analysis that may help uncover some buried information. Good stocks are indeed out there, it may just take some time to figure out which ones they are.

As traders scan the equity market, they may be using Simple Moving Averages to help figure out where a stock is headed. Following some SMA levels for e.l.f. Beauty, Inc. (:ELF), we can see that the 10 day is 11.829, the 20 day is 11.801, and the 30 day is 11.452 for e.l.f. Beauty, Inc. (:ELF). Tracking some other time periods, we note that the 50 day SMA is 10.7476 , the 100 day is 9.7478 , and the 200 day SMA is currently 9.708575.

Dedicated traders will often pay close attention to Exponential Moving Average levels. EMA study can help guide traders when gauging market strength. We can see the following EMA levels on e.l.f. Beauty, Inc. (:ELF):

30 day Exponential Moving Average: 11.397853
50 day Exponential Moving Average: 10.891087
100 day Exponential Moving Average: 10.252014
10 day Exponential Moving Average: 11.979748
20 day Exponential Moving Average: 11.690195
200 day Exponential Moving Average: 10.338097

The HMA or Hull Moving Average for the stock is presently 12.478037. The HMA may help with technical analysis by reducing lag and heightening responsiveness. Traders often find that following this indicator helps with reduction of noise.

Investors following e.l.f. Beauty, Inc. (:ELF) can see that the stock most recently closed at 12.51
Past 3 months: 54.06404
One year change: -35.382233
Year-to-date: 44.457275
Past week: 7.9378777
Past month: 35.683296

Scanning through some ratings, we note that the current Oscillator Rating on the stock is a “Sell”. The Moving Average Rating is sitting at a “Strong Buy”. Traders may use these signals in conjunction with other indicators in order to set up the chart for future trading success.

Traders following the Hull Moving Average will note that the current level is 12.478037 for e.l.f. Beauty, Inc. (:ELF). The calculation uses the weighted moving average and it puts the emphasis on recent prices over older prices.

Technical traders focusing on Donchian Channels will note that the 20 period lower band reading is currently 11.15. The 20 period upper band reading is 12.7. Donchian Channels can be used to gauge the volatility of a market. This is a banded indicator akin to Bollinger Bands.

Putting a closer focus on shares of e.l.f. Beauty, Inc. (:ELF), we see that since the opening price of 12.47, the stock has moved 0.04. Tracking shares, we note that the consensus stock rating is Buy. Volume today clocks in around 8868. Over the course of the current session, the stock has topped out at  12.7 and seen a low price of 12.47. 

Investors may be taking a look at certain business aspects when attempting to research a stock. Investors often look to see if the stock’s specific industry is on the rise. There may be a greater chance of success when investing in an industry that is rapidly growing. Investors may then want to see how the company stacks up within the industry. Many investors will look for stocks that are proven industry leaders. Industry leaders have the ability to influence pricing and not necessarily be susceptible to what other companies are doing around them. Investors may also be taking note of how a company invests in research and development. Companies that are focused on the future may have a competitive advantage over those who are too focused on the near-term.

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