ELBIT SYSTEMS LTD (ESLT) Technical Analysis
NASDAQ:ESLT • IL0010811243
Current stock price
ESLT Technical Rating and Analysis
Taking everything into account, ESLT scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- 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 92% of all 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 80 other stocks in this industry. ESLT outperforms 84% of them.
- 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.
- ESLT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ESLT is lagging the market.
- 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, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ESLT Support and Resistance Analysis
446.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 815.29 to 821.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @480.96 from a trend line in the daily time frame.
- Support @450.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 877.99 to 895.41. 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 | 92.58 | POSITIVE | ESLT has a high relative strength, it outperformed 92.58% 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) | 38.73 | NEUTRAL | The RSI value for ESLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -12.16 | NEGATIVE | The MACD value suggests ESLT has a negative trend. |
| Stochastics (14,3) | 13.83 | OVERSOLD | The low Stochastics value suggests ESLT may be oversold. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ESLT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.2 | NEUTRAL | The ADX value for ESLT suggests a possible start of a new trend. |
ESLT Chart- and CandleStick Pattern Analysis
ESLT Technicals: Chart, Performance Metrics, Trend & Indicators
821.96
-30.38 (-3.56%)
ELBIT SYSTEMS LTD / ESLT TA FAQ
Can you provide the ChartMill technical rating for ELBIT SYSTEMS LTD?
ChartMill assigns a technical rating of 8 / 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 38.7284. 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 877.99. Check the full technical report for our detailed analysis of ESLT support and resistance levels.