Technical Analysis for ELDN - Eledon Pharmaceuticals, Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 2.44 | 7.96% | 0.18 |
ELDN closed up 7.96 percent on Wednesday, May 8, 2024, on 2.33 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 9
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Wide Bands | Range Expansion | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Stochastic Sell Signal | Bearish | 7.96% | |
| Volume Surge | Other | 7.96% | |
| Wide Bands | Range Expansion | 7.96% | |
| Overbought Stochastic | Strength | 7.96% | |
| Gapped Down | Weakness | 7.96% | |
| Inside Day | Range Contraction | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% |
| Alert | Time |
|---|---|
| Up 1 ATR | about 20 hours ago |
| 60 Minute Opening Range Breakout | about 21 hours ago |
| Up 5% | about 23 hours ago |
| 2x Volume Pace | about 23 hours ago |
| 1.5x Volume Pace | about 23 hours ago |
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Basic chart:
- Earnings date: 05/09/2024
Eledon Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on developing products for patients with disorders of ear, nose, and throat. The company's lead product is OP0201, a surfactant-based nasal aerosol drug-device combination product for patients at risk for, or with, otitis media (OM) (middle ear inflammation with or without infection). It also has a foam-based drug delivery technology OP0101 and OP0102 that could be used to deliver drugs into the ear, nose, and sinus cavities. The company was formerly known as Novus Therapeutics, Inc. and changed its name to Eledon Pharmaceuticals, Inc. in January 2021. Eledon Pharmaceuticals, Inc. is headquartered in Irvine, California.
Sector: Healthcare
Industry: Biotechnology
Keywords: Pharmaceutical Health Sciences Medication Infection Disorders Sinus Audiology Pediatrics Otorhinolaryngology Pernix Therapeutics Holdings
Classification
Sector: Healthcare
Industry: Biotechnology
Keywords: Pharmaceutical Health Sciences Medication Infection Disorders Sinus Audiology Pediatrics Otorhinolaryngology Pernix Therapeutics Holdings
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 2.9 |
| 52 Week Low | 1.07 |
| Average Volume | 173,743 |
| 200-Day Moving Average | 1.58 |
| 50-Day Moving Average | 1.89 |
| 20-Day Moving Average | 2.06 |
| 10-Day Moving Average | 2.30 |
| Average True Range | 0.21 |
| RSI (14) | 63.24 |
| ADX | 24.0 |
| +DI | 25.96 |
| -DI | 19.10 |
| Chandelier Exit (Long, 3 ATRs) | 1.89 |
| Chandelier Exit (Short, 3 ATRs) | 2.16 |
| Upper Bollinger Bands | 2.65 |
| Lower Bollinger Band | 1.46 |
| Percent B (%b) | 0.82 |
| BandWidth | 57.65 |
| MACD Line | 0.16 |
| MACD Signal Line | 0.13 |
| MACD Histogram | 0.0327 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 2.82 | ||||
| Resistance 3 (R3) | 2.79 | 2.63 | 2.75 | ||
| Resistance 2 (R2) | 2.63 | 2.54 | 2.65 | 2.73 | |
| Resistance 1 (R1) | 2.54 | 2.48 | 2.59 | 2.57 | 2.71 |
| Pivot Point | 2.38 | 2.38 | 2.41 | 2.40 | 2.38 |
| Support 1 (S1) | 2.29 | 2.29 | 2.34 | 2.31 | 2.17 |
| Support 2 (S2) | 2.13 | 2.23 | 2.15 | 2.15 | |
| Support 3 (S3) | 2.04 | 2.13 | 2.13 | ||
| Support 4 (S4) | 2.06 |
