ELTEK LTD (ELTK) Stock Technical Analysis
NASDAQ:ELTK • IL0010828411
Taking everything into account, ELTK scores 1 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 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 124 other stocks in this industry, of which 68% are performing better than ELTK.
- 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 22036 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 8.25 - 9.48 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.
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 9.02. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ELTK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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7.96
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.70 to 8.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.52 to 8.56. 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.
6 important resistance areas can be observed.
- A resistance zone ranging from 9.02 to 9.14. 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 @9.69 from a horizontal line in the daily time frame.
- Resistance @11.30 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.
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 | 22.51 | NEGATIVE | ELTK has a low relative strength, it was outperformed by 77.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELTK is above the rising 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) | 53.99 | NEUTRAL | The RSI value for ELTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ELTK has a positive trend. |
| Stochastics (14,3) | 47.56 | NEUTRAL | The Stochastics value for ELTK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for ELTK suggests some volalility. |
| Average Directional Index/ADX (14) | 14.29 | NEGATIVE | The low ADX value for ELTK suggests a weak or negative trend. |
NASDAQ:ELTK (2/25/2026, 8:07:05 PM)
9.005
+0.23 (+2.56%)
ELTEK LTD / ELTK FAQ
Can you provide the ChartMill technical rating for ELTEK LTD?
ChartMill assigns a technical rating of 1 / 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 53.9867. 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 0.0320936, indicating a bearish trend.
What is the short term momentum for ELTK stock?
The short term momentum for ELTEK LTD (ELTK) is neutral.