ELEDON PHARMACEUTICALS INC (ELDN) Stock Technical Analysis
NASDAQ:ELDN - Nasdaq - US28617K1016 - Common Stock - Currency: USD
Taking everything into account, ELDN scores 1 out of 10 in our technical rating. ELDN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
ELDN is part of the Biotechnology industry. There are 566 other stocks in this industry. ELDN outperforms 83% of them.
In the last month ELDN has a been trading in the 2.61 - 3.56 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ELDN did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ELDN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
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 very little resistance above the current price.
More info and screens
2.71
4.90
4 important support areas can be observed.
- Support @3.15 from a horizontal line in the daily time frame.
- Support @2.93 from a trend line in the weekly time frame.
- Support @2.82 from a horizontal line in the weekly time frame.
- Support @2.74 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @3.39 from a horizontal line in the daily time frame.
- Resistance @4.22 from a trend line in the daily time frame.
- Resistance @4.85 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.27
Mansfield-0.23
10 Day High3.56
10 Day Low2.9
20 Day High3.56
20 Day Low2.61
52 Week High5.54
52 Week Low2
Performance
1 Week-2.38%
2 Weeks9.33%
1 Month-0.91%
3 Month-27.43%
6 Month-38.11%
12 Month36.1%
2 Year56.19%
3 Year2.82%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)50.96
LBB2.84
UBB3.48
3.28
+0.12 (+3.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.8%
1 Week-2.38%
2 Weeks9.33%
1 Month-0.91%
3 Month-27.43%
6 Month-38.11%
12 Month36.1%
2 Year56.19%
3 Year2.82%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%7.5%
ATR Inc-5.91%
Range Today0.24
ADR(20)0.24
ADR(20)%7.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.27
Mansfield-0.23
10 Day High3.56
10 Day Low2.9
20 Day High3.56
20 Day Low2.61
52 Week High5.54
52 Week Low2
CS1 End3.15
CR1 Start3.39
Volume & EV
DER(3)-1.59%
DER(5)-0.43%
Volume114.00K
Volume Incr-59.49%
Vol(5)94.58K
Vol(50)221.38K