Is Eledon Pharmaceuticals, Inc. technically bullish or bearish?

Jun 25 2025 09:00 AM IST
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As of June 13, 2025, Eledon Pharmaceuticals, Inc. is in a bearish trend, supported by bearish indicators across MACD, moving averages, Bollinger Bands, and KST, reflecting negative market sentiment.
As of 13 June 2025, the technical trend for Eledon Pharmaceuticals, Inc. has changed from mildly bearish to bearish. The current technical stance is bearish, with a moderate strength indicated by several key factors. The weekly MACD is bearish, and the daily moving averages are also bearish. Bollinger Bands confirm a bearish outlook on both weekly and monthly time frames. Additionally, the KST is bearish on the weekly chart, while Dow Theory indicates a mildly bearish stance on both weekly and monthly levels. Overall, the combination of these indicators suggests a negative sentiment in the market for Eledon Pharmaceuticals.
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