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.
MarketClub’s Trade Triangles for ELDN
The long-term trend has been DOWN since Mar 15th, 2023 at 2.0300
The intermediate-term trend has been UP since Mar 30th, 2023 at 2.6475
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).
|52wk High||4.14||52wk High Date||2022-03-31|
|52wk Low||1.9||52wk Low Date||2023-03-17|
|Average Volume||30,082||Shares Outstanding||13,757|