ELEDON PHARMACEUTICALS INC (ELDN) Technical Analysis
NASDAQ:ELDN • US28617K1016
Current stock price
2.71 USD
-0.12 (-4.24%)
At close:
2.68 USD
-0.03 (-1.11%)
After Hours:
ELDN Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to ELDN. In the last year, ELDN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long and short term trends are both positive. This is looking good!
- ELDN has an average volume of 1028720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ELDN is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- ELDN is an average performer in the Biotechnology industry, it outperforms 66% of 517 stocks in the same industry.
- ELDN is currently trading in the middle 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 slightly.
- In the last month ELDN has a been trading in the 2.42 - 3.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELDN Weekly and Daily overview Charts
ELDN Setup Rating and Analysis
ELDN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
ELDN Support and Resistance Analysis
2.60
4.10
When analyzing the support we notice one important area.
- Support @2.63 from a trend line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.89 to 2.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.03 from a trend line in the daily time frame.
- Resistance @3.11 from a horizontal line in the daily time frame.
- Resistance @3.91 from a trend line in the weekly time frame.
- Resistance @4.06 from a trend line in the weekly time frame.
ELDN Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for ELDN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELDN is up. |
| ChartMill Relative Strength | 85.75 | POSITIVE | ELDN has a high relative strength, it outperformed 85.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELDN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELDN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ELDN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.44 | NEUTRAL | The RSI value for ELDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ELDN has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for ELDN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.6 | HIGH VOLATILITY | The high ATR as a percentage value for ELDN suggests high volalility. |
| Average Directional Index/ADX (14) | 32.65 | POSITIVE | The high ADX value value for ELDN suggests a strong trend. |
ELDN Chart- and CandleStick Pattern Analysis
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)
ELDN Technicals: Chart, Performance Metrics, Trend & Indicators
2.71
-0.12 (-4.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.24%
1 Week-12.58%
2 Weeks-1.09%
1 Month1.88%
3 Month67.28%
6 Month-4.58%
12 Month-4.24%
2 Year31.55%
3 Year14.83%
5 Year-74.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%8.6%
ATR Inc5.13%
Range Today0.22
ADR(20)0.22
ADR(20)%8.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.75
3 months CRS98.39
6 months CRS46.79
Mansfield0.36
10 Day High3.19
10 Day Low2.68
20 Day High3.19
20 Day Low2.42
52 Week High4.6
52 Week Low1.35
CS1 End2.63
CR1 Start2.89
Volume & EV
DER(3)-2.33%
DER(5)-2.94%
Volume1.03M
Volume Incr-34.22%
Vol(5)1.03M
Vol(50)1.03M
ELEDON PHARMACEUTICALS INC / ELDN TA FAQ
What is the technical rating for ELDN stock?
ChartMill assigns a technical rating of 8 / 10 to ELDN.
What is the trend direction for ELDN stock?
The current trend direction for ELEDON PHARMACEUTICALS INC (ELDN) is Bullish.
What is the RSI signal for ELDN stock?
ELEDON PHARMACEUTICALS INC (ELDN) has an RSI value of 50.4358. This indicates that the stock is currently neutral.
What is the short term momentum for ELDN stock?
The short term momentum for ELEDON PHARMACEUTICALS INC (ELDN) is positive.
Can you provide the buy/sell signal for ELEDON PHARMACEUTICALS INC?
The buy/sell signal for ELEDON PHARMACEUTICALS INC (ELDN) is buy as both the short term and long term trends are positive.