Elastic NV

ESTC is in a Stage 2 advancing trend with clear higher highs and higher lows confirmed by rising EMAs and the June 5 Momentum Breakout. However, short-term exhaustion is evident as RSI is overbought and price has stalled below the declining 200 DMA, so execution readiness is not optimal. We will stalk pullbacks into dynamic support zones (9/21 EMA, 50 DMA) before initiating fresh long exposure.

• ↑Q4 revenue surged 16% YoY to $451M; subscriptions +19% YoY.
• ↑CRPO grew 20% YoY to $1.2B, indicating strong backlog.
• ↓Earnings yield negative, profitability metrics weak, signaling value trap.