Is Eltek Ltd. technically bullish or bearish?

Sep 20 2025 07:15 PM IST
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As of September 8, 2025, Eltek Ltd. shows a mildly bearish technical trend, with mixed indicators and underperformance against the S&P 500 year-to-date and over the past year, despite strong returns over the 3- and 5-year periods.
As of 8 September 2025, the technical trend for Eltek Ltd. has changed from sideways to mildly bearish. The weekly and monthly MACD indicators are both mildly bearish, and the KST also reflects a mildly bearish stance in both time frames. The Bollinger Bands indicate a mildly bearish trend on the monthly chart, while the daily moving averages are bullish. The Dow Theory shows a mildly bearish trend on the weekly chart but no trend on the monthly. The OBV is mildly bullish on both the weekly and monthly charts, suggesting some buying pressure.

In terms of performance, Eltek has underperformed the S&P 500 year-to-date and over the past year, with returns of -6.82% and -6.14%, respectively, compared to the S&P 500's 12.22% and 17.14%. However, it has shown strong returns over the 3-year and 5-year periods, outperforming the benchmark significantly. Overall, the current technical stance is mildly bearish.
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Our weekly and monthly stock recommendations are here
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