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Stock Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Eledon Pharmaceuticals, Inc. (NASDAQ:ELDN)

Long-Term Downtrend (-90) - ELDN is in a strong downtrend that is likely to continue. While ELDN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

NASDAQ_ELDN
Open High Low ELDN Price Change
5.4400 5.5249 5.2200 5.5249 +0.0549
Entry Signal

MarketClub’s Trade Triangles for ELDN

long term down The long-term trend has been DOWN since Mar 4th, 2021 at 13.835

intermediate term down The intermediate-term trend has been DOWN since Sep 15th, 2021 at 6.450

short term down The short-term trend has been DOWN since Oct 11th, 2021 at 5.660

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).

-90
Smart Scan Analysis for ELDN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4400 5.5249 5.2200 5.5249 +0.0549
Prev. Close Volume Bid Ask Time
5.4700 26940 2021-10-20 12:42:34
52wk High27.3252wk High Date2020-10-30
52wk Low5.152wk Low Date2021-10-05
Average Volume55,928Shares Outstanding14,307
Assets184,305,000MLiabilities5,784,000M
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