ELBIT SYSTEMS LTD (ESLT) Stock Technical Analysis
NASDAQ:ESLT • IL0010811243
Overall ESLT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ESLT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ESLT did better than 96% of all other stocks. We also observe that the gains produced by ESLT over the past year are nicely spread over this period.
- ESLT is part of the Aerospace & Defense industry. There are 74 other stocks in this industry. ESLT outperforms 84% of them.
- A new 52 week high is currently being made by ESLT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ESLT has a been trading in the 647.25 - 741.79 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ESLT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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4 important support areas can be observed.
- A support zone ranging from 689.19 to 698.84. 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 664.90 to 664.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @487.63 from a trend line in the daily time frame.
- A support zone ranging from 450.85 to 454.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 730.85 to 730.85. 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 ESLT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ESLT is up. |
| ChartMill Relative Strength | 96.49 | POSITIVE | ESLT has a high relative strength, it outperformed 96.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ESLT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ESLT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESLT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.76 | NEUTRAL | The RSI value for ESLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests ESLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.26 | OVERBOUGHT | The high Stochastics value suggests ESLT may be overbought. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for ESLT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.52 | POSITIVE | The high ADX value value for ESLT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 730.86 | 689.18 | 41.68 (5.70%) | 17.54% |
| An entry @730.86. This is a Buy Stop order right above the resistance zone. | An exit @689.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 41.68 points, which is 5.70%. | When investing 17.54% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
724.73
-5.58 (-0.76%)
ELBIT SYSTEMS LTD / ESLT FAQ
Can you provide the ChartMill technical rating for ELBIT SYSTEMS LTD?
ChartMill assigns a technical rating of 10 / 10 to ESLT.
What is the trend direction for ESLT stock?
The current trend direction for ELBIT SYSTEMS LTD (ESLT) is Bullish.
What is the RSI signal for ELBIT SYSTEMS LTD (ESLT) stock?
ELBIT SYSTEMS LTD (ESLT) has an RSI value of 62.7613. This indicates that the stock is currently neutral.
What is the MACD signal for ELBIT SYSTEMS LTD (ESLT) stock?
The MACD indicator for ELBIT SYSTEMS LTD (ESLT) has a value of -0.298614, indicating a bearish trend.
What is the buy/sell signal for ELBIT SYSTEMS LTD (ESLT) stock?
The buy/sell signal for ELBIT SYSTEMS LTD (ESLT) is buy as both the short term and long term trends are positive.