ELBIT SYSTEMS LTD (ESLT) Stock Technical Analysis
USA - NASDAQ:ESLT - IL0010811243 - Common Stock
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.
Besides having an excellent technical rating, ESLT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 480.21, a Stop Loss order could be placed below this zone.
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456.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 477.97 to 480.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @470.27 from a trend line in the daily time frame.
- Support @461.13 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @526.30 from a horizontal line in the daily time frame.
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 | 94.26 | POSITIVE | ESLT has a high relative strength, it outperformed 94.26% 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 | 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) | 47.61 | NEUTRAL | The RSI value for ESLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.47 | NEGATIVE | The MACD value suggests ESLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.02 | NEUTRAL | The Stochastics value for ESLT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ESLT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.59 | NEGATIVE | The low ADX value for ESLT suggests a weak or negative 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 |
|---|---|---|---|
| 494.04 | 477.96 | 16.08 (3.26%) | 25.00% |
| An entry @494.04. This is a Buy Stop order right above the 10 day moving average. | An exit @477.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 16.08 points, which is 3.26%. | For a 0.81% 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.
491.71
+3.55 (+0.73%)
ELBIT SYSTEMS LTD / ESLT FAQ
Can you provide the ChartMill technical rating for ELBIT SYSTEMS LTD?
ChartMill assigns a technical rating of 7 / 10 to ESLT.
Can you provide the trend direction for ELBIT SYSTEMS LTD?
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 47.6079. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ELBIT SYSTEMS LTD?
The buy/sell signal for ELBIT SYSTEMS LTD (ESLT) is hold as the short term and long term trends are mixed.
What is the support and resistance level for ESLT stock?
ELBIT SYSTEMS LTD (ESLT) has a support level at 480.21 and a resistance level at 526.3. Check the full technical report for our detailed analysis of ESLT support and resistance levels.