ELTEK LTD (ELTK) Stock Technical Analysis
USA - NASDAQ:ELTK - IL0010828411 - Common Stock
10.21 USD
+0.07 (+0.69%)
Taking everything into account, ELTK scores 2 out of 10 in our technical rating. ELTK performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, ELTK is a bad performer in the overall market: 78% of all stocks are doing better.
ELTK is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 69% are performing better than ELTK.
Warning: ELTK has an average volume of 10298 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 9.75 - 10.54 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
Although the technical rating is bad, ELTK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.14, a Stop Loss order could be placed below this zone.
More info and screens
9.80
12.03
When analyzing the support we notice one important area.
- A support zone ranging from 9.90 to 10.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 10.25 to 10.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.50 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.82 to 10.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 11.59 to 11.59. 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 | 22.74 | NEGATIVE | ELTK has a low relative strength, it was outperformed by 77.26% off all stocks 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 | 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) | 48.09 | NEUTRAL | The RSI value for ELTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ELTK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.43 | NEUTRAL | The Stochastics value for ELTK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ELTK suggests some volalility. |
| Average Directional Index/ADX (14) | 19.34 | 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)
NASDAQ:ELTK (9/15/2025, 1:14:12 PM)
10.21
+0.07 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.69%
1 Week0.5%
2 Weeks-0.39%
1 Month-2.1%
3 Month-0.1%
6 Month19.29%
12 Month-6.89%
2 Year7.07%
3 Year184.83%
5 Year113.47%
10 Year62.24%
15 Year86.06%
Volatility
ATR(14)0.24
ATR(20)%2.41%
ATR Inc22.68%
Range Today0.05
ADR(20)0.23
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.74
Mansfield-1.14
10 Day High10.4
10 Day Low9.9
20 Day High10.54
20 Day Low9.75
52 Week High12.19
52 Week Low7.65
CS1 End10.14
CR1 Start10.17
Volume & EV
DER(3)-4.63%
DER(5)-3.19%
Volume2.50K
Volume Incr44.37%
Vol(5)10.90K
Vol(50)10.30K