Taking everything into account, ELTK scores 0 out of 10 in our technical rating. ELTK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of ELTK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.97
We found 1 important support area.
- Support @8.05 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.58 to 8.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @11.54 from a horizontal line in the daily time frame.
- Resistance @11.91 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ELTK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELTK is down. |
| ChartMill Relative Strength | 16.06 | NEGATIVE | ELTK has a low relative strength, it was outperformed by 83.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELTK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELTK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELTK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.96 | OVERSOLD | The low RSI value suggests ELTK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests ELTK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.38 | OVERSOLD | The low Stochastics value suggests ELTK may be oversold. |
| Average True Range in percent/ATR (20) | 5.31 | HIGH VOLATILITY | The high ATR as a percentage value for ELTK suggests high volalility. |
| Average Directional Index/ADX (14) | 38.94 | POSITIVE | The high ADX value value for ELTK suggests a strong trend. |
NASDAQ:ELTK (11/28/2025, 8:25:46 PM)
8.5657
+0.07 (+0.77%)
ELTEK LTD / ELTK FAQ
Can you provide the ChartMill technical rating for ELTEK LTD?
ChartMill assigns a technical rating of 0 / 10 to ELTK.
What is the trend direction for ELTK stock?
The current trend direction for ELTEK LTD (ELTK) is Bearish.
Can you provide the RSI signal for ELTEK LTD?
ELTEK LTD (ELTK) has an RSI value of 26.9628. This indicates that the stock is currently oversold.
What is the MACD signal for ELTEK LTD (ELTK) stock?
The MACD indicator for ELTEK LTD (ELTK) has a value of -0.253349, indicating a bearish trend.
Can you provide the short term momentum for ELTEK LTD?
The short term momentum for ELTEK LTD (ELTK) is negative.