Eltek Technical Analysis (NASDAQ:ELTK)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The ELTK stock chart pattern can give those who understand technical analysis an indication of which way ELTK stock is headed, but cannot predict with 100% certainty as to what can happen to the Eltek stock price.
See Eltek bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Eltek stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Eltek Moving Average
Moving averages help predict the price direction of ELTK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Eltek are mostly signals of long term trends and will help long term traders.
Eltek Bollinger Bands
Bollinger bands comprise of a center line usually ELTK SMA, and two ELTK stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Eltek bollinger bands show that the stock price is $3.88, upper band is 4.04, lower band is 3.59, and the average is 3.82.
Eltek Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Eltek MACD indicator can be used to identify bullish and bearish trends for the stock.
Eltek Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 54.81 is the RSI value of ELTK stock.