Estée Lauder (NYSE:EL) Stock Price Trend Forecast and Market Analysis-2022.12.30
Estée Lauder (NYSE:EL) Stock Price Trend Forecast and Market Analysis: 2022.12.30 From the stock chart analysis, the recent stock price has rebounded 30% from the previous low. The current stock price remains above the 20-day moving average, and the probability of breaking above $255 upwards and challenging $280 is unlikely. There is a higher probability that the stock price will fall to the 60-day moving average again. Short-term trading recommends holding above the 20-day moving average or selling high and buying low, with the stop loss price closing below the 20-day moving average and the target price between $250 and $280. For the current stock price and trend, the medium-term and long-term holding profit opportunities are relatively small, depending on the performance of the relevant index, it is recommended to trade only short-term transactions. From the analysis of financial statements, Revenue for the first quarter of fiscal 2023 was $3.93 […]
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