Technical Analysis for ELDN - Eledon Pharmaceuticals, Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 2.82 | -2.42% | -0.07 |
ELDN closed down 2.42 percent on Friday, May 24, 2024, on 85 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Hammer Candlestick | Bullish | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Inside Day | Range Contraction | -2.42% | |
| Wide Bands | Range Expansion | -2.42% | |
| Down 3 Days in a Row | Weakness | -2.42% | |
| Upper Bollinger Band Walk | Strength | -5.69% | |
| Wide Bands | Range Expansion | -5.69% | |
| Overbought Stochastic | Strength | -5.69% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | 4 days ago |
| Down 10% | 4 days ago |
| Down 1 ATR | 4 days ago |
| Down 5% | 4 days ago |
| Down 3% | 4 days ago |
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- Earnings date: 06/20/2024
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 | 3.349 |
| 52 Week Low | 1.07 |
| Average Volume | 222,930 |
| 200-Day Moving Average | 1.66 |
| 50-Day Moving Average | 2.13 |
| 20-Day Moving Average | 2.57 |
| 10-Day Moving Average | 2.78 |
| Average True Range | 0.27 |
| RSI (14) | 61.24 |
| ADX | 24.08 |
| +DI | 27.15 |
| -DI | 22.83 |
| Chandelier Exit (Long, 3 ATRs) | 2.55 |
| Chandelier Exit (Short, 3 ATRs) | 2.71 |
| Upper Bollinger Bands | 3.18 |
| Lower Bollinger Band | 1.96 |
| Percent B (%b) | 0.71 |
| BandWidth | 47.31 |
| MACD Line | 0.25 |
| MACD Signal Line | 0.22 |
| MACD Histogram | 0.0268 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 3.30 | ||||
| Resistance 3 (R3) | 3.27 | 3.08 | 3.22 | ||
| Resistance 2 (R2) | 3.08 | 2.96 | 3.10 | 3.19 | |
| Resistance 1 (R1) | 2.95 | 2.88 | 2.86 | 2.98 | 3.17 |
| Pivot Point | 2.76 | 2.76 | 2.71 | 2.78 | 2.76 |
| Support 1 (S1) | 2.63 | 2.64 | 2.54 | 2.66 | 2.47 |
| Support 2 (S2) | 2.44 | 2.56 | 2.46 | 2.45 | |
| Support 3 (S3) | 2.31 | 2.44 | 2.42 | ||
| Support 4 (S4) | 2.34 |
