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.
MarketClub’s Trade Triangles for ELDN
The long-term trend has been DOWN since Mar 4th, 2021 at 13.835
The intermediate-term trend has been DOWN since Sep 15th, 2021 at 6.450
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).
|52wk High||27.32||52wk High Date||2020-10-30|
|52wk Low||5.1||52wk Low Date||2021-10-05|
|Average Volume||55,928||Shares Outstanding||14,307|