Is Eltek Ltd. technically bullish or bearish?

Jun 25 2025 08:23 AM IST
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As of May 1, 2025, the trend is mildly bearish due to daily moving averages, despite some mild bullish signals from weekly indicators, suggesting a cautious approach.
As of 1 May 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish outlook, while the weekly MACD and KST show mild bullishness. However, the monthly indicators, including MACD and Bollinger Bands, lean towards bearish. The Dow Theory indicates a mildly bullish stance on the monthly time frame, but overall, the mixed signals suggest caution.
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