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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.

Open High Low ELDN Price Change
1.2400 1.2400 1.2000 1.2099 -0.0201
Entry Signal

MarketClub’s Trade Triangles for ELDN

long term down The long-term trend has been DOWN since Mar 15th, 2023 at 2.03

intermediate term down The intermediate-term trend has been DOWN since Sep 13th, 2023 at 1.23

short term up 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).

Smart Scan Analysis for ELDN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2400 1.2400 1.2000 1.2099 -0.0201
Prev. Close Volume Bid Ask Time
1.2300 17434 2023-09-22 11:24:33
52wk High3.752wk High Date2023-01-18
52wk Low1.0852wk Low Date2023-08-16
Average Volume70,004Shares Outstanding23,545
P/E Ratio-1.26150000
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