ELEDON PHARMACEUTICALS INC (ELDN) Stock Technical Analysis
USA - NASDAQ:ELDN - US28617K1016 - Common Stock
2.72 USD
-0.02 (-0.73%)
2.8701 USD
+0.15 (+5.52%)
Taking everything into account, ELDN scores 1 out of 10 in our technical rating. ELDN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ELDN is a bad performer in the overall market: 86% of all stocks are doing better.
ELDN is one of the lesser performing stocks in the Biotechnology industry. 64% of 536 stocks in the same industry do better.
ELDN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ELDN has a been trading in the 2.31 - 3.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ELDN does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.49, a Stop Loss order could be placed below this zone.
More info and screens
2.39
3.44
2 important support areas can be observed.
- A support zone ranging from 2.49 to 2.49. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @2.41 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @2.85 from a horizontal line in the weekly time frame.
- Resistance @2.99 from a horizontal line in the daily time frame.
- Resistance @3.14 from a trend line in the weekly time frame.
- Resistance @3.41 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ELDN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELDN is neutral. |
| ChartMill Relative Strength | 14.16 | NEGATIVE | ELDN has a low relative strength, it was outperformed by 85.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELDN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ELDN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELDN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.97 | NEUTRAL | The RSI value for ELDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ELDN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.36 | NEUTRAL | The Stochastics value for ELDN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.59 | HIGH VOLATILITY | The high ATR as a percentage value for ELDN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.35 | NEGATIVE | The low ADX value for ELDN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.72
-0.02 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.73%
1 Week-4.9%
2 Weeks7.09%
1 Month10.57%
3 Month-26.49%
6 Month-9.03%
12 Month-8.42%
2 Year74.36%
3 Year12.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%6.59%
ATR Inc17.86%
Range Today0.15
ADR(20)0.17
ADR(20)%6.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.16
Mansfield-3.01
10 Day High3
10 Day Low2.48
20 Day High3
20 Day Low2.32
52 Week High5.54
52 Week Low2.32
CS1 End2.49
CR1 Start2.85
Volume & EV
DER(3)-1.28%
DER(5)-3.24%
Volume673.40K
Volume Incr-12.98%
Vol(5)890.76K
Vol(50)937.30K