Technical Analysis for ELDN - Eledon Pharmaceuticals, Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 5.30 | 13.98% | 0.65 |
ELDN closed up 13.98 percent on Friday, November 1, 2024, on 3.06 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: Nov 7
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Volume Surge | Other | 0.00% | |
| Wide Range Bar | Range Expansion | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Parabolic Rise | Strength | 0.00% | |
| Upper Bollinger Band Walk | Strength | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 18 hours ago |
| Up 2 ATRs | about 18 hours ago |
| Rose Above Previous Day's High | about 23 hours ago |
| New 52 Week High | about 23 hours ago |
| 2x Volume Pace | about 23 hours ago |
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- Earnings date: 11/07/2024
Eledon Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on developing products for patients with disorders of ear, nose, and throat. The company's lead product is OP0201, a surfactant-based nasal aerosol drug-device combination product for patients at risk for, or with, otitis media (OM) (middle ear inflammation with or without infection). It also has a foam-based drug delivery technology OP0101 and OP0102 that could be used to deliver drugs into the ear, nose, and sinus cavities. The company was formerly known as Novus Therapeutics, Inc. and changed its name to Eledon Pharmaceuticals, Inc. in January 2021. Eledon Pharmaceuticals, Inc. is headquartered in Irvine, California.
Sector: Healthcare
Industry: Biotechnology
Keywords: Pharmaceutical Health Sciences Medication Infection Disorders Sinus Audiology Pediatrics Otorhinolaryngology Pernix Therapeutics Holdings
Classification
Sector: Healthcare
Industry: Biotechnology
Keywords: Pharmaceutical Health Sciences Medication Infection Disorders Sinus Audiology Pediatrics Otorhinolaryngology Pernix Therapeutics Holdings
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 5.54 |
| 52 Week Low | 1.07 |
| Average Volume | 371,075 |
| 200-Day Moving Average | 2.42 |
| 50-Day Moving Average | 2.88 |
| 20-Day Moving Average | 3.27 |
| 10-Day Moving Average | 3.77 |
| Average True Range | 0.38 |
| RSI (14) | 89.70 |
| ADX | 42.17 |
| +DI | 44.29 |
| -DI | 3.92 |
| Chandelier Exit (Long, 3 ATRs) | 4.39 |
| Chandelier Exit (Short, 3 ATRs) | 3.59 |
| Upper Bollinger Bands | 4.68 |
| Lower Bollinger Band | 1.86 |
| Percent B (%b) | 1.22 |
| BandWidth | 86.12 |
| MACD Line | 0.48 |
| MACD Signal Line | 0.27 |
| MACD Histogram | 0.2103 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 6.62 | ||||
| Resistance 3 (R3) | 6.55 | 6.05 | 6.40 | ||
| Resistance 2 (R2) | 6.05 | 5.71 | 6.08 | 6.33 | |
| Resistance 1 (R1) | 5.67 | 5.50 | 5.86 | 5.74 | 6.25 |
| Pivot Point | 5.17 | 5.17 | 5.26 | 5.20 | 5.17 |
| Support 1 (S1) | 4.79 | 4.83 | 4.98 | 4.86 | 4.35 |
| Support 2 (S2) | 4.29 | 4.62 | 4.32 | 4.27 | |
| Support 3 (S3) | 3.91 | 4.29 | 4.20 | ||
| Support 4 (S4) | 3.98 |
