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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.

Open High Low ELTP Price Change
0.028500 0.031500 0.028000 0.029775 -0.000725
Entry Signal

MarketClub’s Trade Triangles for ELTP

long term up The long-term trend has been UP since Feb 7th, 2023 at 0.0392

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2023 at 0.0315

short term up 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).

Smart Scan Analysis for ELTP
Strong Downtrend Sideways 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 High0.145Year High Date2018-01-11
Year Low0.072Year Low Date2018-11-15
52wk High0.05252wk High Date2022-06-03
52wk Low0.026952wk Low Date2022-12-30
Year End Close0.0799Average Volume410,199
Shares Outstanding1,013,915Short Interest757,074
% Institutional0.3Assets50,343,250M
Liabilities23,151,843MP/E Ratio3.05
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