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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Eledon Pharmaceuticals, Inc. (NASDAQ:ELDN)
Countertrend Up (+85) - ELDN 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 ELDN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ELDN.
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 ELDN
The long-term trend has been UP since Dec 26th, 2023 at 1.8059
The intermediate-term trend has been UP since Apr 22nd, 2024 at 2.1830
The short-term trend has been DOWN since May 7th, 2024 at 2.2400
Smart Scan Analysis for ELDN
Based on our trend formula, ELDN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.2300 | 2.4806 | 2.2300 | 2.4450 | +0.1850 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.4400 | 384952 | 2024-05-08 15:59:37 |
| 52wk High | 2.95 | 52wk High Date | 2023-05-10 |
| 52wk Low | 1.07 | 52wk Low Date | 2023-11-09 |
| Average Volume | 274,201 | Shares Outstanding | 24,813 |
| Assets | 89,066,000M | Liabilities | 5,647,000M |
| P/E Ratio | -0.25630000 |