Stock Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Elite Pharma Inc (NASDAQ:ELTP)
Crossroads (+60) - ELTP is struggling to move into a solid trend. Beware of choppy markets 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.
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 UP since May 4th, 2021 at 0.0590
The short-term trend has been UP since May 4th, 2021 at 0.0579
Smart Scan Analysis for ELTP
Based on our trend formula, ELTP is rated as a +60 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||0.0995||52wk High Date||2020-06-30|
|52wk Low||0.04805||52wk Low Date||2021-01-07|
|Year End Close||0.0799||Average Volume||803,300|
|Shares Outstanding||1,009,177||Short Interest||757,074|