ELEDON PHARMACEUTICALS INC (ELDN)
US28617K1016 - Common Stock
Overall ELDN gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELDN is showing a nice and steady performance.
In the last month ELDN has a been trading in the 3.95 - 5.08 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 97% of all stocks. We also observe that the gains produced by ELDN over the past year are nicely spread over this period.
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.
ELDN has an excellent technical rating and also presents 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 4.35, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.38
4.91
We found 5 important support areas.
- A support zone ranging from 4.21 to 4.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.84 from a horizontal line in the daily time frame.
- A support zone ranging from 2.89 to 2.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- A resistance zone ranging from 4.63 to 4.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.86 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.02
Mansfield4.64
10 Day High4.76
10 Day Low3.95
20 Day High5.08
20 Day Low3.95
52 Week High5.54
52 Week Low1.52
Performance
1 Week4.55%
2 Weeks-6.22%
1 Month2.82%
3 Month75.5%
6 Month65.53%
12 Month142.78%
2 Year91.67%
3 Year-0.91%
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)-0.05
RSI(14)51.08
LBB4.03
UBB4.87
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 |
|---|---|---|---|
| 4.68 | 4.20 | 0.48 (10.26%) | 9.75% |
| An entry @4.68. This is a Buy Stop order right above the resistance zone. | An exit @4.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.48 points, which is 10.26%. | For a 1.00% total portfolio risk, you can invest 9.75% of your capital in this trade. |
- 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.
ELEDON PHARMACEUTICALS INC
NASDAQ:ELDN (12/26/2024, 8:08:55 PM)
After market: 4.23 -0.14 (-3.2%)4.37
+0.1 (+2.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.34%
1 Week4.55%
2 Weeks-6.22%
1 Month2.82%
3 Month75.5%
6 Month65.53%
12 Month142.78%
2 Year91.67%
3 Year-0.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%8.98%
ATR Inc-28.86%
Range Today0.28
ADR(20)0.39
ADR(20)%8.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.02
Mansfield4.64
10 Day High4.76
10 Day Low3.95
20 Day High5.08
20 Day Low3.95
52 Week High5.54
52 Week Low1.52
CS1 End4.35
CR1 Start4.63
Volume & EV
DER(3)1.87%
DER(5)-0.07%
Volume563.10K
Volume Incr109.49%
Vol(5)887.16K
Vol(50)667.42K