ELEDON PHARMACEUTICALS INC (ELDN) Stock Technical Analysis
NASDAQ:ELDN - Nasdaq - US28617K1016 - Common Stock - Currency: USD
Overall ELDN gets a technical rating of 0 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ELDN is a bad performer in the overall market: 72% of all stocks are doing better.
ELDN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELDN is lagging the market.
ELDN is part of the Biotechnology industry. There are 561 other stocks in this industry. ELDN outperforms 71% of them.
In the last month ELDN has a been trading in the 2.82 - 3.51 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. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.86, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELDN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.75
4.12
We found 1 important support area.
- A support zone ranging from 2.78 to 2.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.29 to 3.32. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @3.39 from a horizontal line in the daily time frame.
- Resistance @4.08 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 | 28.7 | NEGATIVE | ELDN has a low relative strength, it was outperformed by 71.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELDN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELDN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ELDN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.82 | NEUTRAL | The RSI value for ELDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ELDN has a positive trend. |
| Stochastics (14,3) | 38.59 | NEUTRAL | The Stochastics value for ELDN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.81 | HIGH VOLATILITY | The high ATR as a percentage value for ELDN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.06 | 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)
NASDAQ:ELDN (5/23/2025, 4:04:01 PM)
3.05
+0.03 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.99%
1 Week6.27%
2 Weeks5.54%
1 Month-5.86%
3 Month-28.9%
6 Month-23.94%
12 Month8.16%
2 Year45.24%
3 Year-4.39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%7.81%
ATR Inc-45.52%
Range Today0.11
ADR(20)0.23
ADR(20)%7.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.7
Mansfield-1.23
10 Day High3.18
10 Day Low2.82
20 Day High3.51
20 Day Low2.82
52 Week High5.54
52 Week Low2.3
CS1 End2.86
CR1 Start3.29
Volume & EV
DER(3)3.13%
DER(5)4.56%
Volume175.43K
Volume Incr12.92%
Vol(5)201.09K
Vol(50)215.63K