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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.

NASDAQ_ELTP
Open High Low ELTP Price Change
0.0350 0.0414 0.0350 0.0400 0.0000
Entry Signal

MarketClub’s Trade Triangles for ELTP

long term down The long-term trend has been DOWN since Nov 23rd, 2020 at 0.0571

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.0415

short term down 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).

-100
Smart Scan Analysis for ELTP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0350 0.0414 0.0350 0.0400 0.0000
Prev. Close Volume Bid Ask Time
0.0400 335880 2021-10-15 15:10:25
Year High0.145Year High Date2018-01-11
Year Low0.072Year Low Date2018-11-15
52wk High0.0952wk High Date2020-11-17
52wk Low0.03552wk Low Date2021-10-06
Year End Close0.0799Average Volume983,487
Shares Outstanding1,011,282Short Interest757,074
% Institutional0.3Assets29,992,717M
Liabilities11,291,359MP/E Ratio4.79
Beta0.66Volatility49.67
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