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Elite Pharmaceuticals, Inc.

ELTP•PNK
Healthcare
Drug Manufacturers - Specialty & Generic
$0.38
$0.001(0.26%)
U.S. Market opens in 14h 23m

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: 46.11)
Trend Strength:Weak (ADX: 10.01)
Volatility:High (ATR: 0.02)
Support/Resistance:$0.36 – $0.39 (Bollinger Bands)

Technical conditions suggest Elite Pharmaceuticals, Inc. is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 46.11

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 57.05

Neutral
Mid-range signal with no clear trend.

Williams %R: -46.82

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -4.41

Bearish
Selling pressure outweighs buying.

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

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 10.01

Weak
Weak trend, market trading sideways.

ATR (14): 0.02

Low
Low volatility, stable price action.

CCI (14): 34.83

Bullish
Bullish, momentum building upward.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.39
Middle Band (SMA 20)
$0.38
Lower Band
$0.36
Current Position
Within Bands

Takeaway:Elite Pharmaceuticals, Inc. trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$0.42
Middle Line (EMA 20)
$0.38
Lower Channel
$0.34
Squeeze Status
Squeeze On

Takeaway:Elite Pharmaceuticals, Inc. trades around the middle line, reflecting balanced price action.

Volume & Money Flow Analysis
On-Balance Volume-11.37M
Money Flow Index35.17Bearish, selling pressure outweighs inflows.
Relative Vigor Index47.83Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:ELTP shows bearish money flow, with sellers dominating volume and vigor.

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:Elite Pharmaceuticals, Inc. shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

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