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Stock Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

Elite Pharmaceuticals, Inc. (NASDAQ:ELTP)

Bull Market Weakness (+75) - ELTP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ELTP as it may be in the beginning stages of a reversal.

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.

Open High Low ELTP Price Change
0.18440 0.18770 0.17600 0.18155 -0.00305
Entry Signal

MarketClub’s Trade Triangles for ELTP

long term down The long-term trend has been DOWN since Apr 19th, 2024 at 0.129

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 0.143

short term up The short-term trend has been UP since May 15th, 2024 at 0.138

Smart Scan Analysis for ELTP

Based on our trend formula, ELTP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for ELTP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18440 0.18770 0.17600 0.18155 -0.00305
Prev. Close Volume Bid Ask Time
0.18400 252194 2024-05-29 15:58:11
Year High0.145Year High Date2018-01-11
Year Low0.072Year Low Date2018-11-15
52wk High0.2152wk High Date2024-01-23
52wk Low0.030152wk Low Date2023-06-12
Year End Close0.0799Average Volume603,046
Shares Outstanding1,017,781Short Interest757,074
% Institutional0.3Assets74,696,279M
Liabilities28,282,558MP/E Ratio3.775
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