Eltek Ltd. (NASDAQ:ELTK) Dropped -2.3% – Here’s Why

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For its latest trading sesion, Eltek Ltd. (NASDAQ:ELTK) dropped by -2.3% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.176, an Accumulation/Distribution Index (ADI) of 0.176, an On-Balance Volume (OBV) of 12.354, and a Chaiikin Money Flow (CMF) of 3.65. 0.506

Now let’s plug these indicators in. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of Eltek Ltd. (NASDAQ:ELTK). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.