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)


CRWD Forecast + Options Trading Strategies   [CRWD]  Crowdstrike (0.91)


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


PANW Forecast + Options Trading Strategies   [PANW]  Palo Alto Networks (0.88)


CYBR Forecast + Options Trading Strategies   [CYBR]  CyberArk Software (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to ESTC



EXR Forecast + Options Trading Strategies   [EXR]  Extra Space Storage (0.0)


NE Forecast + Options Trading Strategies   [NE]  Noble (-0.01)


BND Forecast + Options Trading Strategies   [BND]  Vanguard Total Bond Market (-0.01)


WULF Forecast + Options Trading Strategies   [WULF]  TeraWulf (0.01)


GLNG Forecast + Options Trading Strategies   [GLNG]  Golar Lng (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ESTC



PFE Forecast + Options Trading Strategies   [PFE]  Pfizer (-0.87)


AMC Forecast + Options Trading Strategies   [AMC]  AMC Entertainment (-0.88)


AEE Forecast + Options Trading Strategies   [AEE]  Ameren (-0.88)


DQ Forecast + Options Trading Strategies   [DQ]  Daqo New Energy (-0.88)


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





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