Elicio Therapeutics (ELTX, $7.67) entered Downtrend as Momentum indicator drops below 0 level on Mar 27, 2025

#Biotechnology, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #MicroCap
ELTX - Elicio Therapeutics
Momentum signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $7.67
Daily change: -$0.33 (-4.13%)
Daily volume: 11.5K
Capitalization: $121.7M
Industry: Biotechnology

This indicator may be signaling that ELTX's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 90 similar cases where ELTX's Momentum Indicator fell below the 0 level, and 81 of them led to a successful outcome. Odds of Success: 90%.