Should I Buy Eledon Pharmaceuticals Inc Stock?
Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. ELDN has several positive signals and is within a rising trend, so we believe it will perform strongly in the next couple of days or weeks. We therefore hold a positive evaluation of this stock. Our analysis conclusion for this stock is a Strong Buy candidate.
ELDN stock price ended at $2.78 on Wednesday, after losing -1.07%
The Eledon Pharmaceuticals Inc stock price decreased by -1.07% on the last trading day (18 Jun 2025), dropping from 2.85 to 2.78. Throughout the last trading session, the stock experienced a fluctuation of 4.88% , ranging from a day low of $2.765 to a day high of 2.9. The price has declined in 5 of the last 10 days, resulting in a total change of -8.25% during this period. On the last day, trading volume increase by -14.61K shares, with the falling prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 199.42K shares were traded, amounting to approximately 560.71K.
ELDN Technical Signals
ELDN(Eledon Pharmaceuticals Inc Corp) has 5 buy signals and 4 sell signals now. The current trend is consolidation starting from 2025-06-12. The total price change during this trend is -7.33%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of ELDN over the last 5 trading days is 553.27K. Overall, the technical indicator signals lean more toward a Neutral outlook in the mid-term.
ELDN Moving Average Analysis
Eledon Pharmaceuticals Inc's overall moving average trend leans more bearish as of Friday, June 20, 2025, with 4 negative signals and 0 positive signal. In the mid-term, the SMA_20 being below the SMA_60 signals a strong bearish trend. There will be some resistance from the lines at $3.2114700000000003, and $3.37. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $2.69853, and $2.54. A break-down below any of these levels will issue sell signals.
ELDN Short Selling Analysis
The short sale ratio of Eledon Pharmaceuticals Inc(ELDN) as of 17 Jun 2025 is 26.98%, rising from last trading day. With increasing price from 2.80 to 2.81. The short sell activity indicate that short sellers may be anticipating a price reversion.
Technical Signal
Technical Signals Summary
Sell
4
Buy
5
Moving Average
Swing
NegativeStock Price Below SMA_5
Short Term
NegativeSMA_5 Below SMA_20
Mid Term
NegativeSMA_20 Below SMA_60
Long Term
NegativeSMA_60 Below SMA_200
Short Selling
Close Price
Short Sale Ratio
Short Sale Volume
5 Bullish Signals
When Value satisfies Signal, Indicator signals Bullish
Indicators
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
6.641
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-177.441
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
1.367
Bullish
Williams %R (14 days)
WILLR_14 < -80
-96.04
Bullish
Ultimate Oscillator (7, 14, 28)
UO_7_14_28 < 30
22.085
Bullish
4 Bearish Signals
When Value satisfies Signal, Indicator signals Bearish
Indicators
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.144
Bearish
Momentum (10 days)
MOM_10 < 0
-0.25
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.0677
Bearish
Closing price
close < fibonacci_S1
2.78
Bearish
ELDN Price Prediction & Forecast by Similar Chart Analysis
Based on historical patterns and backtesting of stocks with similar movements to Eledon Pharmaceuticals Inc(ELDN), our algorithm predicts ELDN's 1-month price at $3.09, with an 2.97%upwardshift. Using a similarity score up to 91.06%and other factors, This forecast updates weekly, adjusting for significant deviations.
Similar Chart
The price prediction chart for Eledon Pharmaceuticals Inc (ELDN.O) stock, as of Sunday, June 1, 2025 , forecasts a 2.97% change over the next month, based on its high correlation with G.N stock patterns. The similarity between their price movements over the analyzed periods is 91.06%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.
ELDN
No Data
G
Up: 2.97%Similarity: 91.06%
Name
Similarity
Up/Down
G.N
91.06%
+2.97%
ELDN Seasonality Analysis
Based on ELDN's historical stock price data across all years, the probability of a positive return in June is18.18%, suggesting it maynotbe an ideal month to invest in ELDN. In contrast,Novemberoffers the highest probability of positive returns at60.00%, making it a potentially strong month for investment.
However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.
Monthly Seasonality
The radar chart shows that buying Eledon Pharmaceuticals Inc (ELDN.O) stock in November has the highest probability of a positive return (60.00%), while December has the lowest probability (10.00%).
Performance Seasonality
The chart shows Eledon Pharmaceuticals Inc. (ELDN)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.
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