Overall ELTK gets a technical rating of 1 out of 10. 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.
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 resistance zone just above the current price starting at 9.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.22, a Stop Loss order could be placed below this zone.
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7.96
When analyzing the support we notice one important area.
- A support zone ranging from 8.04 to 8.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 9.54 to 9.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.87 from a trend line in the weekly time frame.
- Resistance @11.30 from a horizontal line in the daily time frame.
- Resistance @11.58 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ELTK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELTK is down. |
| ChartMill Relative Strength | 15.02 | NEGATIVE | ELTK has a low relative strength, it was outperformed by 84.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELTK is below the rising 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) | 38.23 | NEUTRAL | The RSI value for ELTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ELTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.04 | NEUTRAL | The Stochastics value for ELTK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for ELTK suggests high volalility. |
| Average Directional Index/ADX (14) | 24.12 | NEUTRAL | The ADX value for ELTK suggests a possible start of a new trend. |
NASDAQ:ELTK (12/22/2025, 4:30:02 PM)
8.79
-0.11 (-1.24%)
ELTEK LTD / ELTK FAQ
Can you provide the ChartMill technical rating for ELTEK LTD?
ChartMill assigns a technical rating of 1 / 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 38.231. 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 0.0281937, indicating a bearish trend.
Can you provide the short term momentum for ELTEK LTD?
The short term momentum for ELTEK LTD (ELTK) is negative.