Establishment Labs Holdings Inc (ESTA): Price Up $1.91 (2.69)% Over Past Day, Up $0.95 (1.34)% Over Past Hour

The Hourly View for ESTA

At the moment, ESTA (Get Ratings)’s price is up $0.95 (1.34%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

ESTA ranks 16th in terms of today’s price percentage change out of Medical Equipment stocks.

ESTA’s Technical Outlook on the Daily Chart

At the moment, ESTA’s price is up $1.91 (2.69%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows ESTA’s price action over the past 90 days.

ESTA

<

ESTA: Daily RSI Analysis

  • For ESTA, its RSI is now at 27.1307.
  • ESTA and RSI may be exhibiting divergent trends. This may be something to monitor.

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market