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Stock Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Elite Pharmaceuticals, Inc. (NASDAQ:ELTP)
Sidelines Mode (-55) - ELTP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ELTP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ELTP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ELTP
The long-term trend has been UP since Feb 7th, 2023 at 0.0392
The intermediate-term trend has been DOWN since Feb 22nd, 2023 at 0.0315
The short-term trend has been UP since Mar 29th, 2023 at 0.0310
Smart Scan Analysis for ELTP
Based on our trend formula, ELTP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.028500 | 0.031500 | 0.028000 | 0.029775 | -0.000725 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.030500 | 396763 | 2023-03-29 14:08:29 |
| Year High | 0.145 | Year High Date | 2018-01-11 |
| Year Low | 0.072 | Year Low Date | 2018-11-15 |
| 52wk High | 0.052 | 52wk High Date | 2022-06-03 |
| 52wk Low | 0.0269 | 52wk Low Date | 2022-12-30 |
| Year End Close | 0.0799 | Average Volume | 410,199 |
| Shares Outstanding | 1,013,915 | Short Interest | 757,074 |
| % Institutional | 0.3 | Assets | 50,343,250M |
| Liabilities | 23,151,843M | P/E Ratio | 3.05 |
| Beta | 0.66 | Volatility | 49.67 |