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Stock Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

Eltek Ltd. - Ordinary Shares (NASDAQ:ELTK)

Long-Term Uptrend (+90) - ELTK is in a strong uptrend that is likely to continue. While ELTK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid ELTK?

MarketClub looks at technical strength and momentum to determine if the timing is right for ELTK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_ELTK
Open High Low ELTK Price Change
7.4800 7.5500 7.3001 7.4500 -0.1400
Entry Signal

MarketClub’s Trade Triangles for ELTK

long term up The long-term trend has been UP since May 18th, 2023 at 4.57

intermediate term up The intermediate-term trend has been UP since May 18th, 2023 at 4.08

short term up The short-term trend has been UP since May 18th, 2023 at 4.02

Smart Scan Analysis for ELTK

Based on our trend formula, ELTK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for ELTK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.4800 7.5500 7.3001 7.4500 -0.1400
Prev. Close Volume Bid Ask Time
7.5000 22279 2023-05-26 15:49:42
Year High5.95Year High Date2018-01-16
Year Low2.8481Year Low Date2018-11-13
52wk High7.8252wk High Date2023-05-22
52wk Low3.5652wk Low Date2022-09-30
Year End Close1.1Average Volume73,571
Shares Outstanding5,840Short Interest6,231
% Institutional5.4Market Cap15M
Assets40,985,000MLiabilities19,965,000M
P/E Ratio13.6364Beta1.79
Volatility98.73
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