ELTEK LTD (ELTK) Stock Technical Analysis
NASDAQ:ELTK - Nasdaq - IL0010828411 - Common Stock - Currency: USD
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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
80% of all other stocks performed better in the past year than ELTK.
ELTK is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 63% are performing better than ELTK.
ELTK is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: ELTK has an average volume of 13668 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 7.65 - 8.71 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 has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 8.31, a Stop Loss order could be placed below this zone. 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.
More info and screens
8.13
12.03
We found 1 important support area.
- A support zone ranging from 8.21 to 8.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- Resistance @8.54 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.72 to 8.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.28 from a trend line in the weekly time frame.
- Resistance @11.40 from a horizontal line in the daily time frame.
- Resistance @11.91 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.41
Mansfield-1.77
10 Day High8.71
10 Day Low7.83
20 Day High8.71
20 Day Low7.65
52 Week High12.47
52 Week Low7.65
Performance
1 Week3.65%
2 Weeks0%
1 Month4.02%
3 Month-23.43%
6 Month-20.95%
12 Month-20.21%
2 Year-14.01%
3 Year103.1%
5 Year95.64%
10 Year98.37%
15 Year8.66%
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)50.1
LBB8.08
UBB8.66
NASDAQ:ELTK (5/2/2025, 8:00:01 PM)
8.53
+0.28 (+3.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg3.39%
1 Week3.65%
2 Weeks0%
1 Month4.02%
3 Month-23.43%
6 Month-20.95%
12 Month-20.21%
2 Year-14.01%
3 Year103.1%
5 Year95.64%
10 Year98.37%
15 Year8.66%
Volatility
ATR(14)0.26
ATR(20)%3.74%
ATR Inc-39.5%
Range Today0.27
ADR(20)0.3
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.41
Mansfield-1.77
10 Day High8.71
10 Day Low7.83
20 Day High8.71
20 Day Low7.65
52 Week High12.47
52 Week Low7.65
CS1 End8.31
CR1 Start8.54
Volume & EV
DER(3)4.7%
DER(5)-1.51%
Volume7.80K
Volume Incr-42.64%
Vol(5)3.86K
Vol(50)13.67K