Overall ELDN gets a technical rating of 0 out of 10. ELDN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
ELDN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.60, a Stop Loss order could be placed below this zone.
More info and screens
1.47
2 important support areas can be observed.
- A support zone ranging from 1.58 to 1.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.48 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.71 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ELDN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELDN is down. |
| ChartMill Relative Strength | 5.12 | NEGATIVE | ELDN has a low relative strength, it was outperformed by 94.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ELDN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELDN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELDN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.09 | NEUTRAL | The RSI value for ELDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ELDN has a positive trend. |
| Stochastics (14,3) | 80.59 | OVERBOUGHT | The high Stochastics value suggests ELDN may be overbought. |
| Average True Range in percent/ATR (20) | 9.03 | HIGH VOLATILITY | The high ATR as a percentage value for ELDN suggests high volalility. |
| Average Directional Index/ADX (14) | 33.97 | POSITIVE | The high ADX value value for ELDN suggests a strong trend. |
1.64
-0.06 (-3.53%)
ELEDON PHARMACEUTICALS INC / ELDN FAQ
What is the technical rating for ELDN stock?
ChartMill assigns a technical rating of 0 / 10 to ELDN.
What is the current trend direction of ELEDON PHARMACEUTICALS INC (ELDN) stock?
The current trend direction for ELEDON PHARMACEUTICALS INC (ELDN) is Bearish.
What is the RSI signal for ELEDON PHARMACEUTICALS INC (ELDN) stock?
ELEDON PHARMACEUTICALS INC (ELDN) has an RSI value of 39.0902. This indicates that the stock is currently neutral.
What is the MACD signal for ELDN stock?
The MACD indicator for ELEDON PHARMACEUTICALS INC (ELDN) has a value of 0.0716182, indicating a bearish trend.
What is the buy/sell signal for ELEDON PHARMACEUTICALS INC (ELDN) stock?
The buy/sell signal for ELEDON PHARMACEUTICALS INC (ELDN) is sell as both the short term and long term trends are negative.