Estee Lauder's Stock Makes Me Wanna Sing 'I'm a Believer'!

Somebody Once Told Me... to Watch Estee Lauder

Alright gather 'round you lily livered city slickers! Shrek here reporting live from my swamp where we usually deal with mud pies and pesky donkeys not fancy schmancy stock reports. But even I can see that Estee Lauder (that's EL to you city folk) gapped higher than Fiona's mood swings after an analyst upgrade. Apparently their stock is pullin' away from its 200 day moving average which according to Katie Stockton from Fairlead Strategies is a good thing. Good thing like finding a perfectly ripe onion in the muck!

Ogres Have Layers and So Does This Stock!

These fancy charts like monthly stochastics and MACD (whatever those are!) are pointing upwards. Stockton claims the signal is the first since August 2020 which means something important happened back in April. Like maybe they finally figured out how to make a lipstick that doesn't taste like swamp gas. Anyway it suggests 'long term momentum has improved notably.' Sounds like a fancy way of saying they're finally gettin' their act together.

The Downtrend is Exhausted: Roar!

Apparently some DeMARK Indicators also gave a 'buy' signal. Sounds like a fancy bell or whistle to me. Basically they're saying that the downtrend is all tuckered out like Donkey after a three day road trip. According to those eggheads this means good news for the next nine months. I'd take it with a grain of salt though. Remember what happened with those magic beans?

Weekly MACD: Not My Kind of Mac and Cheese

The weekly MACD shows a series of higher lows and is approaching positive territory. This means the momentum behind the stock is improving. So it looks like this Estee Lauder is going to outperform the broader market after lagging since April. It would not hurt to get some of that pie and get it while it's still hot!

Beware the Cloud!: Resistance is Futile!

Now there's this thing called a 'weekly cloud model.' Sounds ominous doesn't it? Apparently it can be used as a 'gauge of resistance.' The bottom boundary near $80 is seen as surmountable like crossing a rickety bridge. The top boundary is near $111. Maybe if this investment thing goes well I will buy my swamp a much better roof... Oh and maybe a spa day too!

Happily Ever After... or Not?

So what's the bottom line? These smart folks at Fairlead Strategies seem to think Estee Lauder is a good bet. But remember even a big green ogre like me knows that the stock market is like a box of chocolates... you never know what you're gonna get! So do your own homework don't just listen to some swamp dwelling ogre and maybe just maybe you'll live happily ever after... or at least have enough money for a decent mud bath.