ELBIT SYSTEMS LTD (ESLT) Stock Technical Analysis
NASDAQ:ESLT - Nasdaq - IL0010811243 - Common Stock - Currency: USD
Overall ESLT gets a technical rating of 9 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 369.60 - 426.40 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ESLT is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, ESLT also shows a nice and consistent pattern of rising prices.
ESLT is part of the Aerospace & Defense industry. There are 64 other stocks in this industry. ESLT outperforms 88% of them.
ESLT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ESLT is performing more or less in line with the market.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, ESLT also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 378.92, a Stop Loss order could be placed below this zone.
More info and screens
353.78
423.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 376.00 to 378.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @369.33 from a trend line in the daily time frame.
- Support @357.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 388.87 to 396.40. 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 413.00 to 418.98. 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 | NEUTRAL | NEUTRAL | The short term trend for ESLT is neutral. |
| 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) | 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) | 43.73 | NEUTRAL | The RSI value for ESLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.71 | NEGATIVE | The MACD value suggests ESLT has a negative trend. |
| Stochastics (14,3) | 23.64 | NEUTRAL | The Stochastics value for ESLT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for ESLT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.2 | NEGATIVE | The low ADX value for ESLT suggests a weak or negative 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)
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 |
|---|---|---|---|
| 396.41 | 375.99 | 20.42 (5.15%) | 19.41% |
| An entry @396.41. This is a Buy Stop order right above the resistance zone. | An exit @375.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 20.42 points, which is 5.15%. | For a 1.00% total portfolio risk, you can invest 19.41% 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.
378.93
+2.4 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.64%
1 Week-4.1%
2 Weeks-9.54%
1 Month-0.16%
3 Month28.01%
6 Month51.51%
12 Month90.82%
2 Year83.64%
3 Year85.05%
5 Year168.96%
10 Year421.22%
15 Year629.41%
Volatility
ATR(14)15.58
ATR(20)%3.8%
ATR Inc14.61%
Range Today8.51
ADR(20)11.57
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.49
Mansfield4.03
10 Day High424.24
10 Day Low369.6
20 Day High426.4
20 Day Low369.6
52 Week High426.4
52 Week Low175.3
CS1 End378.92
CR1 Start388.87
Volume & EV
DER(3)0.51%
DER(5)1.47%
Volume278.50K
Volume Incr155.52%
Vol(5)247.10K
Vol(50)115.92K