Technical Analysis for ELDN - Eledon Pharmaceuticals, Inc.

Grade Last Price % Change Price Change
C 3.97 3.12% 0.12
ELDN closed down 0.77 percent on Wednesday, November 20, 2024, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
New Uptrend Bullish 3.12%
Outside Day Range Expansion 3.12%
Wide Bands Range Expansion 3.12%
Down 3 Days in a Row Weakness 3.12%
Down 4 Days in a Row Weakness 3.12%
Down 5 Days in a Row Weakness 3.12%
Oversold Stochastic Weakness 3.12%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.32%
Stochastic Reached Oversold Weakness 2.32%
Inside Day Range Contraction 2.32%

   Recent Intraday Alerts

Alert Time
Up 3% about 2 hours ago
Up 2% about 2 hours ago
60 Minute Opening Range Breakout about 3 hours ago
Down 1% about 4 hours ago
Up 1% about 4 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 5.54
52 Week Low 1.1099
Average Volume 449,631
200-Day Moving Average 2.60
50-Day Moving Average 3.34
20-Day Moving Average 4.33
10-Day Moving Average 4.36
Average True Range 0.38
RSI (14) 47.09
ADX 34.75
+DI 19.50
-DI 18.83
Chandelier Exit (Long, 3 ATRs) 4.39
Chandelier Exit (Short, 3 ATRs) 4.10
Upper Bollinger Bands 5.54
Lower Bollinger Band 3.12
Percent B (%b) 0.3
BandWidth 55.96
MACD Line 0.19
MACD Signal Line 0.36
MACD Histogram -0.1658
Fundamentals Value
Market Cap 93.16 Million
Num Shares 24.2 Million
EPS -5.44
Price-to-Earnings (P/E) Ratio -0.71
Price-to-Sales 0.00
Price-to-Book 0.45
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.47
Resistance 3 (R3) 4.50 4.34 4.36
Resistance 2 (R2) 4.34 4.18 4.32 4.33
Resistance 1 (R1) 4.09 4.08 4.01 4.06 4.29
Pivot Point 3.93 3.93 3.89 3.91 3.93
Support 1 (S1) 3.68 3.77 3.60 3.65 3.41
Support 2 (S2) 3.52 3.67 3.50 3.37
Support 3 (S3) 3.27 3.52 3.34
Support 4 (S4) 3.24