Technical Analysis for ELDN - Eledon Pharmaceuticals, Inc.

Grade Last Price % Change Price Change
B 2.06 1.98% 0.04
ELDN closed up 1.98 percent on Friday, April 26, 2024, on 80 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
Earnings due: May 9
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.98%
Calm After Storm Range Contraction 1.98%
Wide Bands Range Expansion 1.98%
Bearish Engulfing Bearish 4.57%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 7 hours ago
Possible Inside Day about 7 hours ago
60 Minute Opening Range Breakdown about 8 hours ago
Up 2% about 11 hours ago
Up 1% about 11 hours ago

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Profile

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.
Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Pharmaceutical Health Sciences Medication Infection Disorders Sinus Audiology Pediatrics Otorhinolaryngology Pernix Therapeutics Holdings

Is ELDN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 2.95
52 Week Low 1.07
Average Volume 102,305
200-Day Moving Average 1.54
50-Day Moving Average 1.80
20-Day Moving Average 1.82
10-Day Moving Average 1.89
Average True Range 0.19
RSI (14) 58.68
ADX 24.24
+DI 17.34
-DI 12.93
Chandelier Exit (Long, 3 ATRs) 1.62
Chandelier Exit (Short, 3 ATRs) 2.10
Upper Bollinger Bands 2.17
Lower Bollinger Band 1.47
Percent B (%b) 0.84
BandWidth 38.59
MACD Line 0.06
MACD Signal Line 0.03
MACD Histogram 0.0366
Fundamentals Value
Market Cap 49.85 Million
Num Shares 24.2 Million
EPS -5.44
Price-to-Earnings (P/E) Ratio -0.38
Price-to-Sales 0.00
Price-to-Book 0.45
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.18
Resistance 3 (R3) 2.17 2.13 2.16
Resistance 2 (R2) 2.13 2.10 2.13 2.15
Resistance 1 (R1) 2.09 2.08 2.11 2.10 2.15
Pivot Point 2.05 2.05 2.06 2.05 2.05
Support 1 (S1) 2.01 2.02 2.03 2.02 1.97
Support 2 (S2) 1.97 2.00 1.97 1.97
Support 3 (S3) 1.93 1.97 1.96
Support 4 (S4) 1.94