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Stock Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Eledon Pharmaceuticals, Inc. (NASDAQ:ELDN)

Bull Market Weakness (+75) - ELDN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ELDN as it may be in the beginning stages of a reversal.

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
3.4000 3.4500 3.3444 3.4500 +0.0600
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 up The intermediate-term trend has been UP since Jul 19th, 2022 at 3.150

short term up The short-term trend has been UP since Aug 4th, 2022 at 3.160

Smart Scan Analysis for ELDN

Based on our trend formula, ELDN is rated as a +70 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
3.4000 3.4500 3.3444 3.4500 +0.0600
Prev. Close Volume Bid Ask Time
3.3900 1698 2022-08-11 13:21:00
52wk High8.4952wk High Date2021-09-02
52wk Low2.2752wk Low Date2022-05-11
Average Volume41,618Shares Outstanding13,757
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