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Stock Trend Analysis Report

Prepared for you on Saturday, April 1, 2023.

Eledon Pharmaceuticals, Inc. (NASDAQ:ELDN)

Crossroads (+60) - ELDN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
2.6100 2.6800 2.2824 2.3500 -0.1600
Entry Signal

MarketClub’s Trade Triangles for ELDN

long term down The long-term trend has been DOWN since Mar 15th, 2023 at 2.0300

intermediate term up The intermediate-term trend has been UP since Mar 30th, 2023 at 2.6475

short term up The short-term trend has been UP since Mar 20th, 2023 at 2.3377

Smart Scan Analysis for ELDN

Based on our trend formula, ELDN is rated as a +60 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
2.6100 2.6800 2.2824 2.3500 -0.1600
Prev. Close Volume Bid Ask Time
2.3600 64291 2023-03-31 15:58:30
52wk High4.1452wk High Date2022-03-31
52wk Low1.952wk Low Date2023-03-17
Average Volume30,082Shares Outstanding13,757
P/E Ratio-1.26150000
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