e.l.f. Beauty, Inc.
Short

ELF - short by 40%

306
✅e.l.f. Beauty #ELF Provides cosmetics and skincare products under the elf brand

📊 FUNDAMENTAL ANALYSIS

🔴High growth potential and excellent balance sheet.

🔴Earnings growth is projected at 34.65% per year.

🔴Earnings have grown by 22.2% over the past year

🔴Analysts agree that the stock price will grow by 58.3%

🟢Significant insider selling over the past 3 months

🛠 TECHNICAL ANALYSIS

📈 SHORT
▪️ Price fell below 200 and 50 EMA on the daily TF
▪️ MACD is below its signal line and negative.
▪️ RSI - below 50, but not in the oversold zone.
▪️ RSI - bearish divergence
▪️ Breakout of the “M” pattern support

↗️ TRADE

🎯 Target price $92.10

📊 Potential for a 40% decline

💼 Portfolio #active_management

⚠️ The ideas published are not investment recommendations, this is only the personal opinion of the blog author.

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