ELTEK LTD (ELTK) Technical Analysis
NASDAQ:ELTK • IL0010828411
Current stock price
ELTK Technical Rating and Analysis
Taking everything into account, ELTK scores 4 out of 10 in our technical rating. In the past year, ELTK was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- ELTK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELTK is lagging the market.
- Warning: ELTK has an average volume of 20466 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When compared to the yearly performance of all other stocks, ELTK outperforms 57% of them, which is more or less in line with the market.
- ELTK is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 46% of 124 stocks in the same industry.
- In the last month ELTK has a been trading in the 8.45 - 9.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ELTK Weekly and Daily overview Charts
ELTK Setup Rating and Analysis
ELTK has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 8.67, a Stop Loss order could be placed below this zone.
More info and screens
ELTK Support and Resistance Analysis
7.96
We found 3 important support areas.
- A support zone ranging from 8.52 to 8.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.22 from a horizontal line in the weekly time frame.
- Support @8.04 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 8.98 to 9.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.40 from a horizontal line in the daily time frame.
- Resistance @11.28 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 | UP | POSITIVE | The short term trend for ELTK is up. |
| ChartMill Relative Strength | 57.44 | NEUTRAL | ELTK is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ELTK is above 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) | 49.88 | NEUTRAL | The RSI value for ELTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ELTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.29 | NEUTRAL | The Stochastics value for ELTK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for ELTK suggests some volalility. |
| Average Directional Index/ADX (14) | 14.8 | 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 (3/20/2026, 8:00:01 PM)
8.975
-0.06 (-0.72%)
ELTEK LTD / ELTK TA FAQ
Can you provide the ChartMill technical rating for ELTEK LTD?
ChartMill assigns a technical rating of 4 / 10 to ELTK.
What is the current trend direction of ELTEK LTD (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 49.8838. This indicates that the stock is currently neutral.
What is the MACD signal for ELTK stock?
The MACD indicator for ELTEK LTD (ELTK) has a value of 0.00191009, indicating a bearish trend.
What is the short term momentum for ELTK stock?
The short term momentum for ELTEK LTD (ELTK) is positive.