Is Elastic NV technically bullish or bearish?

Sep 20 2025 07:52 PM IST
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As of September 12, 2025, Elastic NV shows a mildly bullish trend based on weekly indicators, despite mixed signals from monthly and daily analyses, having outperformed the S&P 500 in the past month but underperformed year-to-date.
As of 12 September 2025, the technical trend for Elastic NV has changed from sideways to mildly bullish. The weekly MACD and KST are both mildly bullish, while the RSI indicates a bullish stance. However, the monthly MACD and Bollinger Bands show bearish tendencies. The daily moving averages are mildly bearish, and the OBV is also mildly bearish on a weekly basis.

In terms of returns, Elastic NV has outperformed the S&P 500 over the past month with a return of 14.16% compared to the S&P 500's 2.33%, but it has underperformed year-to-date with a return of -9.53% against the S&P 500's 12.22%. Overall, the current technical stance is mildly bullish, driven primarily by the weekly indicators.
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Our weekly and monthly stock recommendations are here
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