We assign a technical rating of 1 out of 10 to ELDN. ELDN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ELDN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.55
When analyzing the support we notice one important area.
- Support @1.57 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.71 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for ELDN is down. |
| ChartMill Relative Strength | 5.63 | NEGATIVE | ELDN has a low relative strength, it was outperformed by 94.37% 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 | NEGATIVE | The current price of ELDN is below 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) | 40.81 | NEUTRAL | The RSI value for ELDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ELDN has a positive trend. |
| Stochastics (14,3) | 43.27 | NEUTRAL | The Stochastics value for ELDN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.31 | HIGH VOLATILITY | The high ATR as a percentage value for ELDN suggests high volalility. |
| Average Directional Index/ADX (14) | 30.85 | POSITIVE | The high ADX value value for ELDN suggests a strong trend. |
1.64
+0.07 (+4.46%)
ELEDON PHARMACEUTICALS INC / ELDN FAQ
What is the technical rating for ELDN stock?
ChartMill assigns a technical rating of 1 / 10 to ELDN.
What is the current trend direction of ELEDON PHARMACEUTICALS INC (ELDN) stock?
The current trend direction for ELEDON PHARMACEUTICALS INC (ELDN) is Bearish.
What is the RSI signal for ELEDON PHARMACEUTICALS INC (ELDN) stock?
ELEDON PHARMACEUTICALS INC (ELDN) has an RSI value of 40.8105. This indicates that the stock is currently neutral.
What is the MACD signal for ELDN stock?
The MACD indicator for ELEDON PHARMACEUTICALS INC (ELDN) has a value of 0.0603446, indicating a bearish trend.
What is the buy/sell signal for ELEDON PHARMACEUTICALS INC (ELDN) stock?
The buy/sell signal for ELEDON PHARMACEUTICALS INC (ELDN) is sell as both the short term and long term trends are negative.