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Eltek Ltd. (ELTK) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Electrical Products
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneShooting StarWed, 22 Nov 2017-29.71%
***Stock database and scans are updated around midnight (New York time) every trading day.
3.43 0.00 (0%) Nov 28 4:00pm EDT
Open: 3.70 Range: 3.33 - 4.09 Vol: 159.82K Avg Vol: 23.97K
EPS: -0.53 P/E ratio: 0.00 EBITDA: -1.84M Mkt Cap: 6.50M
Analyze "ELTK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 4.04
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 3.37
Last Trade is above the 50 day moving average at 3.31
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 3.39
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of ELTK

Stock Trend Analysis - Buy, Sell or Hold "Eltek Ltd." (ELTK)?

ELTK is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 68% of the time spent trading above the 200 day moving average. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also in a trading range with a similar bearish downside bias. These may be early indications of a trend reversal but it is still too early to confirm. The long term trend remains up and the higher probability trade is to selectively buy the dips. A successful test of the 200 SMA currently near 3.39 would be a good place to start scaling in a long position. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "ELTK".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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