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Stock Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Eledon Pharmaceuticals, Inc. (NASDAQ:ELDN)

Long-Term Uptrend (+90) - ELDN is in a strong uptrend that is likely to continue. While ELDN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

Open High Low ELDN Price Change
3.220 3.349 3.000 3.095 +0.075
Entry Signal

MarketClub’s Trade Triangles for ELDN

long term up The long-term trend has been UP since Dec 26th, 2023 at 1.8059

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2024 at 2.1830

short term up The short-term trend has been UP since May 15th, 2024 at 2.4390

Smart Scan Analysis for ELDN

Based on our trend formula, ELDN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for ELDN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.220 3.349 3.000 3.095 +0.075
Prev. Close Volume Bid Ask Time
3.020 355453 2024-05-20 15:59:37
52wk High3.288452wk High Date2024-05-17
52wk Low1.0752wk Low Date2023-11-09
Average Volume335,303Shares Outstanding38,507
P/E Ratio-0.25630000
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