ELTEK LTD (ELTK) Technical Analysis
NASDAQ:ELTK • IL0010828411
Current stock price
ELTK Technical Rating and Analysis
Overall ELTK gets a technical rating of 0 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, ELTK is a bad performer in the overall market: 66% of all stocks are doing better.
- ELTK is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 63% of 124 stocks in the same industry do better.
- ELTK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: ELTK has an average volume of 21026 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 7.73 - 8.93 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
ELTK Weekly and Daily overview Charts
ELTK Setup Rating and Analysis
Although the technical rating is bad, ELTK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.05, a Stop Loss order could be placed below this zone.
More info and screens
ELTK Support and Resistance Analysis
7.84
We found 1 important support area.
- A support zone ranging from 7.92 to 8.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- Resistance @8.97 from a trend line in the daily time frame.
- A resistance zone ranging from 9.18 to 9.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.40 from a horizontal line in the daily time frame.
- Resistance @11.25 from a trend line in the weekly 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.
ELTK Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for ELTK is neutral. |
| ChartMill Relative Strength | 34.9 | NEUTRAL | ELTK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ELTK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ELTK is above 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) | 55.04 | NEUTRAL | The RSI value for ELTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ELTK has a positive trend. |
| Stochastics (14,3) | 64.84 | NEUTRAL | The Stochastics value for ELTK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for ELTK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.79 | NEGATIVE | The low ADX value for ELTK suggests a weak or negative trend. |
ELTK Chart- and CandleStick Pattern Analysis
ELTK Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ELTK (4/22/2026, 8:21:56 PM)
8.68
+0.42 (+5.08%)
ELTEK LTD / ELTK TA FAQ
Can you provide the ChartMill technical rating for ELTEK LTD?
ChartMill assigns a technical rating of 0 / 10 to ELTK.
What is the current trend direction of ELTEK LTD (ELTK) stock?
The current trend direction for ELTEK LTD (ELTK) is Bearish.
What is the RSI signal for ELTK stock?
ELTEK LTD (ELTK) has an RSI value of 55.0359. 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 0.0534529, indicating a bearish trend.