[ESTC]

Elastic forecasts FY2027 revenue between $1.998 billion and $2.01 billion, and raised its non‑GAAP EPS outlook to $3.29–$3.37. If the stock price reaches the resistance level of $88.21, take profit; if the stock price falls to the support level of $62.93, cut loss. This is based on the resistance and support levels presented by REPORTING. The current price of $83.74 is near the resistance level of $88.21, limiting upside potential, but since it has not yet broken through the resistance, a buying opportunity is considered. Downside risk could arise near the support level of $62.93. RSI(14) 64.5 – not overbought, but upward momentum is being maintained; moving‑average alignment is bullish – suggesting the uptrend may continue; trading volume is 0.73× the 20‑day average – low volume poses a risk that the trend could weaken; the 7‑day price change is –5.0% – recent prices have been declining. Compared to the forecasted return of 15.0%, the actual return was 18.4%, exceeding the target. We correctly identified that the upward momentum was driven by the FY27 revenue and EPS upgrade outlook and an increased proportion of option buying, and buying near the resistance level proved to be a good entry. However, given that the upside potential was larger than expected, it would have been appropriate to set the target price even higher. In the next trade, to offset low volume when buying near resistance, we will add volume confirmation, and when setting the target price we will allow a slight margin by considering the recent sharp rise. Additionally, we will continuously monitor the proportion of derivatives buying, such as options flow, to capture upward momentum early.