Stock Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Elite Pharmaceuticals, Inc. (NASDAQ:ELTP)
Strong Downtrend (-100) - ELTP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for ELTP
The long-term trend has been DOWN since Nov 23rd, 2020 at 0.0571
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.0415
The short-term trend has been DOWN since Oct 13th, 2021 at 0.0381
Smart Scan Analysis for ELTP
Based on our trend formula, ELTP is rated as a -100 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||0.09||52wk High Date||2020-11-17|
|52wk Low||0.035||52wk Low Date||2021-10-06|
|Year End Close||0.0799||Average Volume||983,487|
|Shares Outstanding||1,011,282||Short Interest||757,074|