ESTC Forecast + Trading Strategies


Bullish Case: Elastic's recent innovations and strategic partnerships could catalyze growth. Helium AI forecasts a modest price rise, with bullish risk outpacing bearish risk.


Bearish Case: Market volatility and insider sales point to investor caution, while recent dramatic declines in ESTC stock price suggest potential continuing bearish sentiment.


Potential Outcomes:

1) Innovative breakthroughs buoy stock (35%).

2) Intensifying competition trims gains (30%).

3) Market responds favorably to strategic moves (25%).

4) Unpredictable volatility impacts price (10%).


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April 16, 2024


Elastic Forecast

ESTC        Elastic
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with ESTC



AFRM Forecast + Options Trading Strategies   AFRM  Affirm (0.92)


AMR Forecast + Options Trading Strategies   AMR  Alta Mesa Resources (0.9)


INSM Forecast + Options Trading Strategies   INSM  Insmed (0.89)


CRWD Forecast + Options Trading Strategies   CRWD  Crowdstrike (0.89)


X Forecast + Options Trading Strategies   X  United States Steel (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to ESTC



GLNG Forecast + Options Trading Strategies   GLNG  Golar Lng (-0.0)


MCD Forecast + Options Trading Strategies   MCD  McDonald's (-0.0)


GLBE Forecast + Options Trading Strategies   GLBE  Global E Online (-0.0)


MGM Forecast + Options Trading Strategies   MGM  MGM Resorts International (0.01)


NXST Forecast + Options Trading Strategies   NXST  Nexstar Media (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ESTC



XPOF Forecast + Options Trading Strategies   XPOF  Xponential Fitness (-0.87)


AEE Forecast + Options Trading Strategies   AEE  Ameren (-0.87)


ZTO Forecast + Options Trading Strategies   ZTO  ZTO Express (Cayman) (-0.89)


CHAU Forecast + Options Trading Strategies   CHAU  Direxion Daily CSI 300 China A Share Bull 2X Shares (-0.9)


BILI Forecast + Options Trading Strategies   BILI  Bilibili (-0.92)


ESTC News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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