ELDN Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Eledon Pharmaceuticals Inc (ELDN) Moving Averages Convergence Divergence (MACD) indicator is -0.0134, suggesting ELDN is Strong Sell.

Eledon Pharmaceuticals Inc (ELDN) 20-Day simple moving average is 3.749, while Eledon Pharmaceuticals Inc (ELDN) share price is $3.46, making it Sell.

Eledon Pharmaceuticals Inc (ELDN) 60-Day simple moving average is 3.455, while Eledon Pharmaceuticals Inc (ELDN) share price is $3.46, making it Buy.

Technical Analysis for ELDN

Technical Sentiment Analysis for Eledon Pharmaceuticals Inc (ELDN) As of 2026-06-08, Eledon Pharmaceuticals Inc (ELDN) is exhibiting a Strong Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 4 indicators are flashing buy, while 8 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ELDN stands at 46.894, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.0134, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 21.669 and the Commodity Channel Index (CCI) at -78.051 further confirm a -0.31 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ELDN is trading above its 60-day moving average of $3.455 and above its 200-day long-term moving average of $2.686. Key price levels to watch include the immediate resistance at $4.023 and strong support at $3.363. A break above $4.023 could signal a bull continuation, while falling below $3.363 may test the next Fibonacci floor at $3.041.

Eledon Pharmaceuticals Inc (ELDN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	2.703	3.041	3.363	3.701	4.023	4.361	4.683
Fibonacci	3.041	3.293	3.449	3.701	3.953	4.109	4.361

Eledon Pharmaceuticals Inc (ELDN) Technical Indicators

2026-06-08

Name	Value
RSI_14	46.894
STOCHk_14_3_3	21.669
STOCHd_14_3_3	18.692
CCI_20	-78.051
AO_5_34	-0.186
MOM_10	-0.31
MACD_12_26_9	-0.0134

Eledon Pharmaceuticals Inc (ELDN) Relative Strength Index (RSI) is 46.894, creating a Neutral signal.

Eledon Pharmaceuticals Inc (ELDN) Stochastic Oscillator is 21.669, creating a Neutral signal.

Eledon Pharmaceuticals Inc (ELDN) Stochastic RSI is 18.692, creating a Buy signal.

Eledon Pharmaceuticals Inc (ELDN) Commodity Channel Index (CCI) is -78.051, creating a Neutral signal.

Eledon Pharmaceuticals Inc (ELDN) Awesome Oscillator is -0.186, creating a Sell signal.

Eledon Pharmaceuticals Inc (ELDN) Momentum is -0.31, creating a Sell signal.

Eledon Pharmaceuticals Inc (ELDN) MACD is -0.0134, creating a Sell signal.

Eledon Pharmaceuticals Inc (ELDN) Moving Average

2026-06-08

Period	Simple	Signal
MA_5	3.522	Sell
MA_10	3.684	Sell
MA_20	3.749	Sell
MA_60	3.455	Buy
MA_200	2.686	Buy
MA_250	2.768	Buy

Eledon Pharmaceuticals Inc (ELDN) 5-Day simple moving average is 3.522, while Eledon Pharmaceuticals Inc (ELDN) share price is $3.46, making it a Sell.

Eledon Pharmaceuticals Inc (ELDN) 10-Day simple moving average is 3.684, while Eledon Pharmaceuticals Inc (ELDN) share price is $3.46, making it a Sell.

Eledon Pharmaceuticals Inc (ELDN) 20-Day simple moving average is 3.749, while Eledon Pharmaceuticals Inc (ELDN) share price is $3.46, making it a Sell.

Eledon Pharmaceuticals Inc (ELDN) 60-Day simple moving average is 3.455, while Eledon Pharmaceuticals Inc (ELDN) share price is $3.46, making it a Buy.

Eledon Pharmaceuticals Inc (ELDN) 200-Day simple moving average is 2.686, while Eledon Pharmaceuticals Inc (ELDN) share price is $3.46, making it a Buy.

Eledon Pharmaceuticals Inc (ELDN) 250-Day simple moving average is 2.768, while Eledon Pharmaceuticals Inc (ELDN) share price is $3.46, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for ELDN?

The overall technical consensus for Eledon Pharmaceuticals Inc (ELDN) is currently Strong Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 1 buy signals and 5 sell signals.

What are the key support and resistance levels for Eledon Pharmaceuticals Inc (ELDN) today?

Based on pivot point calculations, Eledon Pharmaceuticals Inc (ELDN) has an immediate support level at 3.363 and a major resistance level at 4.023. Traders also monitor the pivot point at 3.701 to determine the intraday trend direction.

Is Eledon Pharmaceuticals Inc (ELDN) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Eledon Pharmaceuticals Inc (ELDN) is currently 46.894. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Eledon Pharmaceuticals Inc (ELDN)?

Eledon Pharmaceuticals Inc (ELDN) Moving Averages Convergence Divergence (MACD) indicator is -0.0134, suggesting ELDN is Strong Sell. This indicator helps identify potential trend reversals or momentum shifts for Eledon Pharmaceuticals Inc.

How is Eledon Pharmaceuticals Inc (ELDN) performing relative to its 200-day moving average?

Eledon Pharmaceuticals Inc (ELDN) is currently trading at $3.46, which is above its 200-day simple moving average of 2.686. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.