Technical Analysis for ELDN - Eledon Pharmaceuticals, Inc.

Grade Last Price % Change Price Change
C 2.86 14.17% 0.35
ELDN closed up 7.05 percent on Wednesday, May 15, 2024, on 79 percent of normal volume. The bulls were able to push the stock to a new 52-week high.
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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
MACD Bullish Signal Line Cross Bullish 14.17%
New 52 Week Closing High Bullish 14.17%
New 52 Week High Strength 14.17%
Wide Bands Range Expansion 14.17%
20 DMA Support Bullish 22.22%
Wide Bands Range Expansion 22.22%
MACD Bearish Signal Line Cross Bearish 30.59%
20 DMA Support Bullish 30.59%
Wide Bands Range Expansion 30.59%
Down 3 Days in a Row Weakness 30.59%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 5 hours ago
New 52 Week High about 5 hours ago
Rose Above Upper Bollinger Band about 5 hours ago
2x Volume Pace about 5 hours ago
1.5x Volume Pace about 5 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 2.54
52 Week Low 1.07
Average Volume 182,373
200-Day Moving Average 1.60
50-Day Moving Average 1.95
20-Day Moving Average 2.24
10-Day Moving Average 2.36
Average True Range 0.22
RSI (14) 61.98
ADX 19.13
+DI 25.24
-DI 19.95
Chandelier Exit (Long, 3 ATRs) 1.87
Chandelier Exit (Short, 3 ATRs) 2.22
Upper Bollinger Bands 2.61
Lower Bollinger Band 1.87
Percent B (%b) 0.86
BandWidth 33.05
MACD Line 0.14
MACD Signal Line 0.14
MACD Histogram 0.0021
Fundamentals Value
Market Cap 60.62 Million
Num Shares 24.2 Million
EPS -5.44
Price-to-Earnings (P/E) Ratio -0.46
Price-to-Sales 0.00
Price-to-Book 0.45
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.81
Resistance 3 (R3) 2.78 2.66 2.76
Resistance 2 (R2) 2.66 2.59 2.67 2.74
Resistance 1 (R1) 2.58 2.54 2.62 2.61 2.72
Pivot Point 2.46 2.46 2.48 2.47 2.46
Support 1 (S1) 2.38 2.39 2.42 2.41 2.29
Support 2 (S2) 2.26 2.34 2.27 2.27
Support 3 (S3) 2.18 2.26 2.26
Support 4 (S4) 2.21