Stock Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
ELITE PHARMA INC (NASDAQ:ELTP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 UP since Jul 3rd, 2018 at 0.1045
The intermediate term trend has been UP since Jul 3rd, 2018 at 0.0950
The short term trend has been DOWN since Aug 13th, 2018 at 0.1050
Smart Scan Analysis for ELTP
Based on a pre-defined weighted trend formula for chart analysis, ELTP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||0.145||Year High Date||2018-01-11|
|Year Low||0.08||Year Low Date||2018-04-09|
|52wk High||0.145||52wk High Date||2018-01-11|
|52wk Low||0.056||52wk Low Date||2017-10-27|
|Year End Close||0.0799||Average Volume||1,006,113|
|Shares Outstanding||350,337||Short Interest||757,074|