ELTEK LTD (ELTK) Stock Technical Analysis
NASDAQ:ELTK - Nasdaq - IL0010828411 - Common Stock - Currency: USD
Overall ELTK gets a technical rating of 2 out of 10. ELTK performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
70% of all other stocks performed better in the past year than ELTK.
Warning: ELTK has an average volume of 21926 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ELTK has a been trading in the 9.99 - 10.67 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ELTK is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 41% of 124 stocks in the same industry.
ELTK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELTK is lagging the market.
Considerably lower volume is observed in the last couple of days.
ELTK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.15, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.80
12.03
We found 1 important support area.
- A support zone ranging from 9.90 to 10.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 10.18 to 10.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.74 to 10.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.59 to 11.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 30.93 | NEUTRAL | ELTK is not amongst the best or worst performers 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) | UP | MIXED | The current price of ELTK is below the rising 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) | 45.67 | NEUTRAL | The RSI value for ELTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ELTK has a negative trend. |
| Stochastics (14,3) | 41.35 | NEUTRAL | The Stochastics value for ELTK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for ELTK suggests some volalility. |
| Average Directional Index/ADX (14) | 9.02 | NEGATIVE | The low ADX value for ELTK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:ELTK (8/20/2025, 8:00:01 PM)
10.16
-0.08 (-0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.82%
1 Week-1.6%
2 Weeks-0.78%
1 Month-3.05%
3 Month1.5%
6 Month-8.8%
12 Month-3.97%
2 Year23%
3 Year156.24%
5 Year97.28%
10 Year58.75%
15 Year130.91%
Volatility
ATR(14)0.3
ATR(20)%3.31%
ATR Inc-62.24%
Range Today0.09
ADR(20)0.33
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.93
Mansfield-0.97
10 Day High10.54
10 Day Low10.01
20 Day High10.67
20 Day Low9.99
52 Week High12.19
52 Week Low7.65
CS1 End10.15
CR1 Start10.18
Volume & EV
DER(3)-19.25%
DER(5)-12.13%
Volume3.90K
Volume Incr10.24%
Vol(5)8.88K
Vol(50)21.93K