Stock Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Eledon Pharmaceuticals, Inc. (NASDAQ:ELDN)
Bear Market Rally (-75) - ELDN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ELDN as it may be in the beginning 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.
MarketClub’s Trade Triangles for ELDN
The long-term trend has been DOWN since Mar 15th, 2023 at 2.03
The intermediate-term trend has been DOWN since Sep 13th, 2023 at 1.23
The short-term trend has been UP since Sep 6th, 2023 at 1.60
Smart Scan Analysis for ELDN
Based on our trend formula, ELDN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3.7||52wk High Date||2023-01-18|
|52wk Low||1.08||52wk Low Date||2023-08-16|
|Average Volume||70,004||Shares Outstanding||23,545|