ELTK (Eltek Ltd)
Fibonacci Retracement Levels
Fibonacci retracement levels for ELTK are drawn from its 52-week swing high and low. They mark price zones a large number of traders watch, which is why they sometimes act as soft support or resistance — a self-fulfilling coordination effect, not a predictive signal. Use them as a reference for framing pullbacks, not as a standalone reason to trade.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
| Retracement | Price | Distance from Last |
|---|---|---|
| 0% (swing high) | $11.59 | +3.01 |
| 23.6% | $10.58 | +2.00 |
| 38.2% | $9.95 | +1.37 |
| 50% | $9.45 | +0.87 |
| 61.8% | $8.94 | +0.36 |
| 78.6% | $8.22 | -0.36 |
| 100% (swing low) | $7.30 | -1.28 |
The same levels over tighter lookbacks. Anchors update as new highs and lows print, so shorter windows react faster to recent price action.
| Window | High | Low | 38.2% | 50% | 61.8% |
|---|---|---|---|---|---|
| 52-Week | $11.59 | $7.30 | $9.95 | $9.45 | $8.94 |
| 6-Month | $10.52 | $7.30 | $9.29 | $8.91 | $8.53 |
| 3-Month | $10.52 | $7.76 | $9.47 | $9.14 | $8.81 |
Fibonacci retracements divide the move between a swing high and a swing low into the ratios 23.6%, 38.2%, 50%, 61.8% and 78.6%. Traders watch them as candidate areas where a pullback might pause. On this page the anchors are ELTK's highest high and lowest low over each window, so the levels shift as new extremes print.
Two honest caveats. First, the ratios have no proven predictive power on their own — rigorous tests generally can't distinguish a Fibonacci level from any other price drawn from the same range. They tend to "work" mainly because enough participants place orders around them (a coordination effect), and 50% isn't even a Fibonacci number. Second, the level that matters is one that lines up with something structural — a prior swing, a moving average, or heavy volume. Treat these as a framing reference, not a trade signal.
Want the levels drawn on a live chart with adjustable lookbacks? Toggle Fibonacci Retracement under Indicators → Drawing Tools on the ELTK full quote page.