RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ESLT
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Elbit Systems Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Loss -0.44% PDF

The Elbit Systems Ltd. stock price fell by -0.436% on the last day (Thursday, 28th Mar 2024) from $211.15 to $210.23. During the last trading day the stock fluctuated 0.89% from a day low at $208.62 to a day high of $210.47. The price has risen in 8 of the last 10 days and is up by 5.78% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -19 thousand shares and in total, 31 thousand shares were bought and sold for approximately $6.57 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Elbit Systems Ltd. stock with a 90% probability to be traded between $199.40 and $226.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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ESLT Signals & Forecast

The Elbit Systems Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $205.76 and $208.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 5.78%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Elbit Systems Ltd. stock

Elbit Systems Ltd. finds support from accumulated volume at $206.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.85 between high and low, or 0.89%. For the last week, the stock has had daily average volatility of 1.39%.

Our recommended stop-loss: $199.79 (-4.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (ESLT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Elbit Systems Ltd. to open at $209.77, and during the day (based on 14 day Average True Range), to move between $206.75 and $213.71, which gives a possible trading interval of +/-$3.48 (+/-1.66%) up or down from last closing price. If Elbit Systems Ltd. takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $211.15 (0.44%) than the support at $206.38 (1.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Elbit Systems Ltd. stock A Buy?

Elbit Systems Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.194 Hold/Accumulate Downgraded

Predicted Opening Price for Elbit Systems Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$209.77 ( 0.217%) $210.23

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ESLT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 211.62 0.663 %
R2 210.92 0.327 %
R1 210.48 0.119 %
Current price: 210.23
Support S1 209.07 -0.553 %
S2 208.63 -0.761 %
S3 207.92 -1.10 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 220.61 4.94 %
R2 220.05 4.67 %
R1 211.15 0.438 %
Current price 210.23
Support S1 206.38 -1.83%
S2 201.63 -4.09%
S3 198.75 -5.46%

ESLT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 26, 2023 Dec 26, 2023 Jan 08, 2024 $0.500 0.241%
2 Nov 27, 2023 Dec 22, 2023 Jan 08, 2024 $0.420 0.203%
3 Aug 14, 2023 Oct 09, 2023 Oct 23, 2023 $0.500 0.265%
4 Aug 14, 2023 Oct 06, 2023 Oct 23, 2023 $0.420 0.222%
5 May 29, 2023 Jun 23, 2023 Jul 10, 2023 $0.500 0.238%

FAQ

What is the symbol for Elbit Systems Ltd. Stock and on which exchange is it traded?
The symbol for Elbit Systems Ltd. is ESLT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Elbit Systems Ltd. Stock?
Elbit Systems Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Elbit Systems Ltd. Stock?
Elbit Systems Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Elbit Systems Ltd. Stock.

What's the current price of Elbit Systems Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Elbit Systems Ltd. (ESLT) share was $210.23.

What is the 52-week high and low for Elbit Systems Ltd. Stock?
The 52-week high for Elbit Systems Ltd. Stock is $225.64 and the 52-week low is $166.35.

What is the market capitalization of Elbit Systems Ltd. Stock?
As of the 2024-03-28, the market capitalization of Elbit Systems Ltd. is 9.097B.

When is the next earnings date for Elbit Systems Ltd.?
The upcoming earnings date for Elbit Systems Ltd. is Jun 04, 2024.
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About Elbit Systems Ltd.

Elbit Systems Ltd. Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; electro-optic, night vision, and countermeasures systems; naval systems; land vehicle systems; munitions, such as pre... ESLT Profile

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