To The Moon

$eLong Power Holding Ltd(ELPW)$

eLong Power Holding Ltd (ELPW) Soared +43.73%: Short Squeeze Ignites, Testing $5.50 High

Latest Close Data

eLong Power closed at $5.16 on March 15, 2026, surging 43.73% on the day. The price remains 99.95% below its 52-week high of $10,336.00.

Core Market Drivers

1. The dramatic price action appears to be a classic short squeeze, driven by exceptionally high trading volume and a 1048.51% turnover rate.

2. The recent capital flow data shows consistent net inflows over the past several days, fueling the upward momentum.

Technical Analysis

Volume exploded to 14.86 million shares, with a volume ratio of 4.18, confirming strong institutional and retail interest.

• The 6-day RSI at 37.23 is rising from oversold territory, indicating renewed buying pressure.

• The MACD histogram is positive and expanding (8.94), a bullish divergence from deeply negative DIF and DEA levels.

• The KDJ's J-line at 36.61 suggests there is still room for upward movement before overbought conditions.

Key Price Levels

• Primary Support: $3.06 (Recent low and 52-week low)

• Strong Resistance: $5.50 (Today's intraday high)

• Immediate Pivot: $5.16 (Today's close)

Valuation Perspective

The company trades at a P/S of 31.12, which is significantly elevated, especially against a backdrop of negative profitability (EPS TTM: -$6.85, P/E TTM: -0.75, ROA: -35.08%). This suggests the move is purely technical/speculative, not based on fundamentals.

Analyst Targets

No institutional analyst coverage or target prices were found in the provided data, highlighting the speculative and under-the-radar nature of this stock.

Weekly Outlook

Expect volatile consolidation between $4.60 and $5.50 as the market absorbs the massive move. A sustained break above $5.50 could target the $6.00-$6.50 zone. A failure to hold $4.60 may see a quick retracement toward the $3.50-$3.80 support area.

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