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Stock Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Elite Pharmaceuticals, Inc. (NASDAQ:ELTP)
Countertrend Up (+85) - ELTP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for ELTP
The long-term trend has been UP since Jan 10th, 2022 at 0.0464
The intermediate-term trend has been UP since May 3rd, 2022 at 0.0395
The short-term trend has been DOWN since Jul 5th, 2022 at 0.0428
Smart Scan Analysis for ELTP
Based on our trend formula, ELTP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0478 | 0.0478 | 0.0422 | 0.0469 | -0.0011 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0480 | 311818 | 2022-07-05 13:07:02 |
| Year High | 0.145 | Year High Date | 2018-01-11 |
| Year Low | 0.072 | Year Low Date | 2018-11-15 |
| 52wk High | 0.055 | 52wk High Date | 2021-08-16 |
| 52wk Low | 0.023 | 52wk Low Date | 2021-12-06 |
| Year End Close | 0.0799 | Average Volume | 400,163 |
| Shares Outstanding | 1,011,282 | Short Interest | 757,074 |
| % Institutional | 0.3 | Assets | 31,946,896M |
| Liabilities | 9,157,342M | P/E Ratio | 4.79 |
| Beta | 0.66 | Volatility | 49.67 |