Technical Analysis: Based on recent price action, EL shows a consolidation pattern with RSI at 46.88, indicating neutral momentum. The stock is trading below all major moving averages (SMA 5, 10, 20, 60, 200, 250), suggesting a bearish trend. The MACD (-1.66) remains negative with a slight positive histogram (0.02), indicating potential weakness.
News Impact: The beauty industry is experiencing significant headwinds:
Price Prediction for Next Week: Based on Fibonacci levels and current technical setup:
Expected price range: $65.48 - $71.99
Target Price: $68.74 (Fibonacci pivot)
Recommendation: SELL Rationale:
The stock is likely to test lower support levels before finding stability. Current price levels present an opportunity to exit positions before further potential decline.
The price of EL is predicted to go up -6.92%, based on the high correlation periods with CSGS. The similarity of these two price pattern on the periods is 97.09%.
EL
CSGS
As a premium beauty pure-play, Estee Lauder is best equipped to capture growth opportunities as middle-class consumers globally upgrade from mass brands.
With a new factory built in Japan and an innovation center in China, Estee Lauder should be able to better serve consumer needs in the important Asia market with more relevant products and shorter lead time.
Heavy investments in the digital and travel retail channels should complement Estee's strong position in traditional brick-and-mortar channels to deliver a seamless shopping experience for consumers.
Stifel
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Price Target
$81 → $77
Upside
+16.77%
Canaccord Genuity
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Price Target
$76 → $70
Upside
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Wells Fargo
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Price Target
$74 → $80
Downside
-6.41%