ELBIT SYSTEMS LTD (ESLT) Technical Analysis
NASDAQ:ESLT • IL0010811243
Current stock price
831.22 USD
-8.12 (-0.97%)
At close:
828 USD
-3.22 (-0.39%)
Pre-Market:
ESLT Technical Rating and Analysis
Overall ESLT gets a technical rating of 7 out of 10. In the last year, ESLT was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month ESLT has a been trading in the 800.61 - 940.20 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that ESLT is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by ESLT over the past year are nicely spread over this period.
- ESLT is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 82% of 81 stocks in the same industry.
- ESLT 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 ESLT is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Considerably lower volume is observed in the last couple of days.
ESLT Weekly and Daily overview Charts
ESLT Setup Rating and Analysis
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.
More info and screens
ESLT Support and Resistance Analysis
446.34
945.51
We found 3 important support areas.
- A support zone ranging from 817.56 to 821.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @478.95 from a trend line in the daily time frame.
- Support @450.85 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 869.14 to 876.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 935.06 to 936.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
ESLT Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for ESLT is down. |
| ChartMill Relative Strength | 91.93 | POSITIVE | ESLT has a high relative strength, it outperformed 91.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ESLT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ESLT is below 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) | 42.97 | NEUTRAL | The RSI value for ESLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -8 | NEGATIVE | The MACD value suggests ESLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.88 | NEUTRAL | The Stochastics value for ESLT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for ESLT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.89 | NEUTRAL | The ADX value for ESLT suggests a possible start of a new trend. |
ESLT Chart- and CandleStick Pattern Analysis
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)
ESLT Example Setup
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 |
|---|---|---|---|
| 842.66 | 817.55 | 25.11 (2.98%) | 25.00% |
| An entry @842.66. This is a Buy Stop order right above the 10 day moving average. | An exit @817.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 25.11 points, which is 2.98%. | For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ESLT. Please evaluate whether better entry and exit points can be found.
- 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.
ESLT Technicals: Chart, Performance Metrics, Trend & Indicators
831.22
-8.12 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.97%
1 Week1.13%
2 Weeks-4.74%
1 Month-6.5%
3 Month18.31%
6 Month74.35%
12 Month104.39%
2 Year331.02%
3 Year302.84%
5 Year527.81%
10 Year784.09%
15 Year1522.84%
Volatility
ATR(14)27.19
ATR(20)%3.21%
ATR Inc-26.19%
Range Today20.34
ADR(20)23.3
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.93
3 months CRS88.28
6 months CRS96.5
Mansfield3.17
10 Day High889.76
10 Day Low800.61
20 Day High940.2
20 Day Low800.61
52 Week High1016.06
52 Week Low369.6
CS1 End821.95
CR1 Start869.14
Volume & EV
DER(3)1.12%
DER(5)1.32%
Volume62.30K
Volume Incr-29%
Vol(5)86.70K
Vol(50)175.70K
ELBIT SYSTEMS LTD / ESLT TA FAQ
Can you provide the ChartMill technical rating for ELBIT SYSTEMS LTD?
ChartMill assigns a technical rating of 7 / 10 to ESLT.
What is the trend direction for ESLT stock?
The current trend direction for ELBIT SYSTEMS LTD (ESLT) is Bullish.
Can you provide the RSI signal for ELBIT SYSTEMS LTD?
ELBIT SYSTEMS LTD (ESLT) has an RSI value of 42.9661. This indicates that the stock is currently neutral.
What is the short term momentum for ESLT stock?
The short term momentum for ELBIT SYSTEMS LTD (ESLT) is negative.
Can you provide the support and resistance levels for ELBIT SYSTEMS LTD?
ELBIT SYSTEMS LTD (ESLT) has a support level at 821.95 and a resistance level at 869.14. Check the full technical report for our detailed analysis of ESLT support and resistance levels.