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Stock Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Eltek Ltd. - Ordinary Shares (NASDAQ:ELTK)

Bull Market Weakness (+75) - ELTK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ELTK as it may be in the beginning stages of a reversal.

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.

Open High Low ELTK Price Change
12.3700 12.7258 12.3100 12.5350 -0.0750
Entry Signal

MarketClub’s Trade Triangles for ELTK

long term up The long-term trend has been UP since May 18th, 2023 at 4.5700

intermediate term up The intermediate-term trend has been UP since Aug 21st, 2023 at 8.9899

short term down The short-term trend has been DOWN since Dec 8th, 2023 at 12.3200

Smart Scan Analysis for ELTK

Based on our trend formula, ELTK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for ELTK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.3700 12.7258 12.3100 12.5350 -0.0750
Prev. Close Volume Bid Ask Time
12.6100 15155 2023-12-08 15:51:20
Year High5.95Year High Date2018-01-16
Year Low2.8481Year Low Date2018-11-13
52wk High14.22952wk High Date2023-11-24
52wk Low3.8452wk Low Date2023-04-04
Year End Close1.1Average Volume80,191
Shares Outstanding5,840Short Interest6,231
% Institutional5.4Market Cap15M
P/E Ratio22.9273Beta1.79
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