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 ELTK
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Green day on Thursday for Eltek Ltd. stock after gaining 0.723%
(Updated on Mar 28, 2024)

Sell candidate since Mar 11, 2024 Gain 4.50% PDF

The Eltek Ltd. stock price gained 0.723% on the last trading day (Thursday, 28th Mar 2024), rising from $11.06 to $11.14. During the last trading day the stock fluctuated 4.19% from a day low at $10.95 to a day high of $11.41. The price has risen in 6 of the last 10 days and is up by 6.91% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 40 thousand shares were bought and sold for approximately $445.58 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.00% during the next 3 months and, with a 90% probability hold a price between $5.19 and $14.30 at the end of this 3-month period.

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ELTK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Eltek Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.39 and $13.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -50.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Eltek Ltd. stock

Eltek Ltd. finds support from accumulated volume at $10.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.458 between high and low, or 4.19%. For the last week the stock has had daily average volatility of 4.29%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect Eltek Ltd. to open at $11.17, and during the day (based on 14 day Average True Range), to move between $10.29 and $11.99, which gives a possible trading interval of +/-$0.85 (+/-7.60%) up or down from last closing price. If Eltek Ltd. takes out the full calculated possible swing range there will be an estimated 15.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.66 (4.31%) than the resistance at $13.25 (18.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Eltek Ltd. stock A Buy?

Eltek Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -7.139 Strong Sell Candidate Unchanged

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

Fair opening price April 1, 2024 Current price
$11.17 ( 0.235%) $11.14

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

Trading levels for ELTK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.62 4.35 %
R2 11.45 2.78 %
R1 11.34 1.81 %
Current price: 11.14
Support S1 10.99 -1.34 %
S2 10.88 -2.31 %
S3 10.71 -3.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.59 21.99 %
R2 13.43 20.56 %
R1 13.25 18.94 %
Current price 11.14
Support S1 10.66 -4.31%
S2 10.48 -5.92%
S3 10.40 -6.64%

ELTK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 28, 2023 Dec 12, 2023 Dec 21, 2023 $0.220 1.57%
2 Nov 23, 2022 Dec 09, 2022 Dec 19, 2022 $0.170 4.27%

FAQ

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

Should I buy or sell Eltek Ltd. Stock?
Eltek Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Eltek Ltd. Stock?
Eltek 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 Eltek Ltd. Stock.

What's the current price of Eltek Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Eltek Ltd. (ELTK) share was $11.14.

What is the 52-week high and low for Eltek Ltd. Stock?
The 52-week high for Eltek Ltd. Stock is $22.80 and the 52-week low is $3.84.

What is the market capitalization of Eltek Ltd. Stock?
As of the 2024-03-28, the market capitalization of Eltek Ltd. is 74.567M.

When is the next earnings date for Eltek Ltd.?
The upcoming earnings date for Eltek Ltd. is May 16, 2024.
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About Eltek Ltd.

Eltek Ltd. Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. The company offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs, and flexible circuitry boards. It also offers high density interconnect, flex-rigid, and multi-layered boards. It primarily serves manufacturers of defense and aerospace, medical, industrial, ... ELTK Profile

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