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ESTC forms 50 Day Moving Average Resistance on July 24

Elastic B.V. (ESTC) — Nightly Technical Analysis · Jul 24, 2026, 17:45 ET
On Friday, July 24th, ESTC moved up 2.35% while volume shrunk to 0.7× the usual levels. consolidation patterns formed: NR7 and Narrow Range Bar and Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 57.89, 57.11 & 56.58, with resistance at 59.21, 59.74 & 60.52.

Current SwingTradeBot Technical Rating of ESTC: D

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Elastic N.V. (ESTC)