ESLT Price Prediction Next Week
Technical Analysis: ESLT shows bearish signals in short-term technical indicators with RSI-6 at 35.57 indicating oversold conditions. The stock is trading below its 5-day (298.35), 10-day (299.70), and 20-day (301.50) moving averages, suggesting a downward trend.
Price Levels:
- Current price: $297
- Fibonacci support levels: S1 at $295.93, S2 at $292.87
- Fibonacci resistance levels: R1 at $305.85, R2 at $308.91
- Bollinger Bands indicate potential support at $288.10 and resistance at $314.89
News Impact: Recent news shows Ark Invest has been selling ESLT shares, with sales of 307 shares from ARKQ fund and 93 shares via ARKX. This institutional selling pressure could continue to affect the stock price negatively in the short term.
Price Prediction for Next Week: Based on technical indicators and recent price action:
- Bearish scenario (60% probability): Price could test S1 at $295.93
- Neutral scenario (30% probability): Consolidation between $295-$300
- Bullish scenario (10% probability): Bounce towards R1 at $305.85
Recommendation: SELL
- Entry: Current price ($297)
- Target: $292.87 (S2 level)
- Stop loss: $305.85 (R1 level)
The combination of bearish technical indicators, institutional selling pressure, and price trading below key moving averages suggests further downside potential in the coming week.
ESLT Similar Chart Price Prediction
The price of ESLT is predicted to go up -2.52%, based on the high correlation periods with ONCY. The similarity of these two price pattern on the periods is 94.6%.
ESLT
ONCY
Down: -2.52%Similarity: 94.6%
