ELTEK LTD (ELTK) Stock Technical Analysis
NASDAQ:ELTK - Nasdaq - IL0010828411 - Common Stock - Currency: USD
Overall ELTK gets a technical rating of 6 out of 10. ELTK has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: ELTK has an average volume of 25552 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ELTK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELTK is lagging the market slightly.
When compared to the yearly performance of all other stocks, ELTK outperforms 69% of them, which is more or less in line with the market.
ELTK is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, ELTK did better than 43% of them.
In the last month ELTK has a been trading in the 8.42 - 12.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, ELTK does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 10.21, 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.
- A support zone ranging from 10.08 to 10.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.81 to 9.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- Resistance @11.08 from a trend line in the daily time frame.
- Resistance @11.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 11.59 to 11.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for ELTK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELTK is up. |
| ChartMill Relative Strength | 69.16 | 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) | 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) | 51.4 | 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. |
| Stochastics (14,3) | 55.35 | NEUTRAL | The Stochastics value for ELTK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for ELTK suggests high volalility. |
| Average Directional Index/ADX (14) | 21.71 | NEUTRAL | The ADX value for ELTK suggests a possible start of a new 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 (7/1/2025, 4:30:02 PM)
10.3
-0.42 (-3.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-3.92%
1 Week1.78%
2 Weeks-1.06%
1 Month-0.96%
3 Month25.3%
6 Month-6.53%
12 Month8.31%
2 Year26.23%
3 Year147.59%
5 Year137.33%
10 Year110.2%
15 Year73.11%
Volatility
ATR(14)0.76
ATR(20)%6.26%
ATR Inc44.54%
Range Today1.49
ADR(20)0.62
ADR(20)%6.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.16
Mansfield-0.68
10 Day High12.19
10 Day Low8.42
20 Day High12.19
20 Day Low8.42
52 Week High12.19
52 Week Low7.65
CS1 End10.21
CR1 Start11.09
Volume & EV
DER(3)-2.75%
DER(5)-0.44%
Volume194.50K
Volume Incr109.28%
Vol(5)57.08K
Vol(50)25.55K