ELTEK LTD (ELTK) Stock Technical Analysis
USA - NASDAQ:ELTK - IL0010828411 - Common Stock
Overall ELTK gets a technical rating of 6 out of 10. ELTK has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
ELTK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELTK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.81 to 10.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.08 to 10.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.90 to 9.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.25 to 11.59. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ELTK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELTK is neutral. |
| ChartMill Relative Strength | 67.04 | 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 | POSITIVE | The current price of ELTK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ELTK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.38 | NEUTRAL | The RSI value for ELTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ELTK has a negative trend. |
| Stochastics (14,3) | 66.15 | NEUTRAL | The Stochastics value for ELTK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ELTK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.12 | NEGATIVE | The low ADX value for ELTK suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.29 | 10.80 | 0.49 (4.36%) | 22.92% |
| An entry @11.29. This is a Buy Stop order right above the 10 day moving average. | An exit @10.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.49 points, which is 4.36%. | When investing 22.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:ELTK (11/7/2025, 8:00:02 PM)
11.23
+0.03 (+0.27%)
ELTEK LTD / ELTK FAQ
Can you provide the ChartMill technical rating for ELTEK LTD?
ChartMill assigns a technical rating of 6 / 10 to ELTK.
What is the trend direction for ELTK stock?
The current trend direction for ELTEK LTD (ELTK) is Bullish.
Can you provide the RSI signal for ELTEK LTD?
ELTEK LTD (ELTK) has an RSI value of 54.3821. This indicates that the stock is currently neutral.
What is the MACD signal for ELTEK LTD (ELTK) stock?
The MACD indicator for ELTEK LTD (ELTK) has a value of -0.0396267, indicating a bearish trend.
Can you provide the short term momentum for ELTEK LTD?
The short term momentum for ELTEK LTD (ELTK) is neutral.