ELEDON PHARMACEUTICALS INC (ELDN)

US28617K1016 - Common Stock

4.1176  +0.05 (+1.17%)

Technical Rating and Analysis

10

Overall ELDN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ELDN has proven to be a steady performer, scoring decent points in every aspect analyzed.

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 98% 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 565 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.
In the last month ELDN has a been trading in the 3.20 - 5.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
ELDN Weekly chart
ELDN Daily chart
Setup Rating and Analysis

4

ELDN has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

2.38

4.16

When analyzing the support we can see 5 important areas.

  • Support @3.84 from a horizontal line in the daily time frame.
  • A support zone ranging from 2.72 to 2.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @2.54 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.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.19
Mansfield5.07
10 Day High5.17
10 Day Low3.76
20 Day High5.54
20 Day Low3.2
52 Week High5.54
52 Week Low1.11
Performance
1 Week-1.45%
2 Weeks-17.94%
1 Month14.97%
3 Month40.34%
6 Month44.33%
12 Month244.92%
2 Year66.8%
3 Year-16.77%
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)-0.15
RSI(14)51.95
LBB3.53
UBB5.41
ELDN Daily chart

ELEDON PHARMACEUTICALS INC

NASDAQ:ELDN (11/22/2024, 9:58:54 AM)

4.1176

+0.05 (+1.17%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.17%
1 Week-1.45%
2 Weeks-17.94%
1 Month14.97%
3 Month40.34%
6 Month44.33%
12 Month244.92%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.4
ATR(20)%11.94%
ATR Inc
Range Today0.11
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High5.17
10 Day Low3.76
20 Day High5.54
20 Day Low3.2
52 Week High5.54
52 Week Low1.11
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.66K
Volume Incr-70.13%
Vol(5)291.64K
Vol(50)452.72K