ELEDON PHARMACEUTICALS INC (ELDN) Stock Technical Analysis
NASDAQ:ELDN - Nasdaq - US28617K1016 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ELDN. In the last year, ELDN was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ELDN has a been trading in the 4.17 - 4.96 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ELDN is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, ELDN also shows a nice and consistent pattern of rising prices.
ELDN is one of the better performing stocks in the Biotechnology industry, it outperforms 95% of 572 stocks in the same industry.
ELDN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELDN is lagging the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ELDN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
2.38
4.91
7 important support areas can be observed.
- Support @4.18 from a trend line in the daily time frame.
- Support @4.01 from a horizontal line in the weekly time frame.
- Support @3.70 from a horizontal line in the daily time frame.
- Support @3.20 from a trend line in the weekly time frame.
- Support @2.69 from a trend line in the daily time frame.
- Support @2.49 from a horizontal line in the weekly time frame.
- Support @2.40 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @4.65 from a trend line in the daily time frame.
- A resistance zone ranging from 4.84 to 4.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.89
Mansfield2.91
10 Day High4.97
10 Day Low4.23
20 Day High4.97
20 Day Low4.17
52 Week High5.54
52 Week Low1.52
Performance
1 Week-4.45%
2 Weeks-9.68%
1 Month0.94%
3 Month6.98%
6 Month47.93%
12 Month128.19%
2 Year81.78%
3 Year21.53%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)44.28
LBB4.25
UBB4.81
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.49 | 4.22 | 0.27 (6.01%) | 16.63% |
| An entry @4.49. This is a Buy Stop order right above the 10 day moving average. | An exit @4.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.27 points, which is 6.01%. | When investing 16.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELDN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.29
-0.05 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.15%
1 Week-4.45%
2 Weeks-9.68%
1 Month0.94%
3 Month6.98%
6 Month47.93%
12 Month128.19%
2 Year81.78%
3 Year21.53%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%5.92%
ATR Inc-33.69%
Range Today0.16
ADR(20)0.25
ADR(20)%5.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.89
Mansfield2.91
10 Day High4.97
10 Day Low4.23
20 Day High4.97
20 Day Low4.17
52 Week High5.54
52 Week Low1.52
CS1 End4.18
CR1 Start4.65
Volume & EV
DER(3)1.11%
DER(5)1.17%
Volume147.70K
Volume Incr-32.44%
Vol(5)160.18K
Vol(50)386.70K