Stock Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Elite Pharma Inc (NASDAQ:ELTP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ELTP
The long term trend has been DOWN since Oct 8th, 2018 at 0.0830
The intermediate term trend has been UP since Nov 20th, 2018 at 0.0900
The short term trend has been UP since Nov 20th, 2018 at 0.0825
Smart Scan Analysis for ELTP
Based on a pre-defined weighted trend formula for chart analysis, ELTP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||0.145||Year High Date||2018-01-11|
|Year Low||0.072||Year Low Date||2018-11-15|
|52wk High||0.145||52wk High Date||2018-01-11|
|52wk Low||0.072||52wk Low Date||2018-11-15|
|Year End Close||0.0799||Average Volume||948,952|
|Shares Outstanding||350,337||Short Interest||757,074|