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Elite Pharmaceuticals, Inc.

ELTP•PNK
Healthcare
Drug Manufacturers - Specialty & Generic
$0.40
$-0.01(-1.23%)
U.S. Market opens in 7h 52m

Elite Pharmaceuticals, Inc. (ELTP) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Elite Pharmaceuticals, Inc. (PNK:ELTP).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ELTP Technical Analysis Summary

Elite Pharmaceuticals, Inc. stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 43.78)
Trend Strength:Weak (ADX: 19.58)
Volatility:High (ATR: 0.03)
Support/Resistance:$0.36 – $0.47 (Bollinger Bands)

This mix signals that Elite Pharmaceuticals, Inc. is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 43.78

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 37.53

Bearish
Momentum remains weak below midpoint.

Williams %R: -66.05

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 5.66

Strongly Bullish
Strong upside momentum.

Takeaway:Elite Pharmaceuticals, Inc. shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.02

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 19.58

Weak
Weak trend, market trading sideways.

ATR (14): 0.03

Low
Low volatility, stable price action.

CCI (14): -37.06

Bearish
Bearish, momentum remains under pressure.

Takeaway:Elite Pharmaceuticals, Inc. shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.47
Middle Band (SMA 20)
$0.41
Lower Band
$0.36
Current Position
Within Bands

Takeaway:Elite Pharmaceuticals, Inc. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.48
Middle Line (EMA 20)
$0.42
Lower Channel
$0.35
Squeeze Status
Squeeze On

Takeaway:Elite Pharmaceuticals, Inc. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-14.99M
Money Flow Index41.28Neutral, balanced money flows with no clear signal.
Relative Vigor Index37.04Bearish, price momentum favors sellers.

Overall Takeaway:ELTP shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Elite Pharmaceuticals, Inc., here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Elite Pharmaceuticals, Inc. are mixed, suggesting a Hold or wait-and-see approach.

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