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Elfbeauty

IS ELF BEAUTY FINALLY BOTTOMING OUT?! LET'S SEE!NYSE:ELF is at a key S/R zone and has shown buyers will step in well before this thing try's to dip under $100! That's great news as that gives us a great risk/reward ratio area! MACD, RSI, and the Stochastic are all starting to curl upward off the bottom, indicating the start of a bottoming reversal. My trade setup and execution details are below. Not Financial Advice. Entry: $118 Break PT1: $152 PT2: $175 Final PT: $220 S/L: Break below $100 at $97.72.
NYSE:ELFLong
by RonnieV29
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.
NYSE:ELFShort
by freeguy_by_wmc
1
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.
NYSE:ELF
by DEXWireNews