ELTEK LTD (ELTK) Stock Technical Analysis
NASDAQ:ELTK - Nasdaq - IL0010828411 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to ELTK. ELTK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month ELTK has a been trading in the 10.02 - 10.78 range, which is quite wide. It is currently trading near the lows of this range.
Warning: ELTK has an average volume of 24750 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, ELTK did better than 72% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ELTK is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, ELTK did better than 47% of them.
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. Prices have been consolidating lately. There is a support zone below the current price at 10.20, a Stop Loss order could be placed below this zone.
More info and screens
9.71
12.03
2 important support areas can be observed.
- Support @10.12 from a horizontal line in the daily time frame.
- A support zone ranging from 9.81 to 9.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 10.20 to 10.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.74 from a horizontal line in the weekly time frame.
- Resistance @10.97 from a trend line in the daily time frame.
- A resistance zone ranging from 11.40 to 11.58. 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 | NEUTRAL | NEUTRAL | The short term trend for ELTK is neutral. |
| ChartMill Relative Strength | 72.17 | POSITIVE | ELTK has a high relative strength, it outperformed 72.17% 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) | 46.33 | NEUTRAL | The RSI value for ELTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ELTK has a negative trend. |
| Stochastics (14,3) | 45.26 | NEUTRAL | The Stochastics value for ELTK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for ELTK suggests some volalility. |
| Average Directional Index/ADX (14) | 10.28 | 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)
10.2
-0.01 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.1%
1 Week-2.56%
2 Weeks0.31%
1 Month-0.85%
3 Month19.72%
6 Month-8.33%
12 Month8.75%
2 Year25.15%
3 Year145.48%
5 Year135.3%
10 Year108.41%
15 Year71.63%
Volatility
ATR(14)0.35
ATR(20)%3.26%
ATR Inc39.76%
Range Today0.31
ADR(20)0.33
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.17
Mansfield-0.94
10 Day High10.67
10 Day Low10.02
20 Day High10.78
20 Day Low10.02
52 Week High12.19
52 Week Low7.65
CS1 End10.2
CR1 Start10.25
Volume & EV
DER(3)-1.14%
DER(5)-2.29%
Volume3.81K
Volume Incr-43.05%
Vol(5)14.26K
Vol(50)24.75K