Stock Trend Analysis Report
Prepared for you on Thursday, January 21, 2021.
ELEDON PHARMACEUTICALS INC. COMMON STOCK (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.
MarketClub’s Trade Triangles for ELDN
The long-term trend has been UP since Jan 7th, 2021 at 16.110
The intermediate-term trend has been UP since Jan 7th, 2021 at 16.110
The short-term trend has been UP since Jan 19th, 2021 at 15.524
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).