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EDESA BIOTECH INC (EDSA) Stock Technical Analysis

NASDAQ:EDSA - Nasdaq - CA27966L3065 - Common Stock - Currency: USD

2.01  +0.01 (+0.5%)

Technical Rating and Analysis

0

Overall EDSA gets a technical rating of 0 out of 10. EDSA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, EDSA is a bad performer in the overall market: 90% of all stocks are doing better.
EDSA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EDSA is lagging the market.
EDSA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: EDSA has an average volume of 14455 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
EDSA is part of the Biotechnology industry. There are 561 other stocks in this industry, EDSA did better than 48% of them.
Weekly and Daily overview Charts
EDESA BIOTECH INC / EDSA Weekly stock chart
EDESA BIOTECH INC / EDSA Daily stock chart
Setup Rating and Analysis

4

EDSA has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

1.96

2.20

We found 1 important support area.

  • A support zone ranging from 1.98 to 2.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 2.01 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 2.18 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for EDSA is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for EDSA is down.
ChartMill Relative Strength10.81NEGATIVEEDSA has a low relative strength, it was outperformed by 89.19% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of EDSA is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of EDSA is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of EDSA is below a declining SMA(200).
Relative Strength Index/RSI (14)37NEUTRALThe RSI value for EDSA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests EDSA has a negative trend, although the MACD value is rising.
Stochastics (14,3)18.27OVERSOLDThe low Stochastics value suggests EDSA may be oversold.
Average True Range in percent/ATR (20)5.19HIGH VOLATILITYThe high ATR as a percentage value for EDSA suggests high volalility.
Average Directional Index/ADX (14)24.88NEUTRALThe ADX value for EDSA suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
EDESA BIOTECH INC / EDSA Daily stock chart

EDESA BIOTECH INC

NASDAQ:EDSA (5/22/2025, 8:00:01 PM)

2.01

+0.01 (+0.5%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.5%
1 Week0.5%
2 Weeks-6.94%
1 Month-14.47%
3 Month-17.28%
6 Month-7.37%
12 Month-54.11%
2 Year-68.45%
3 Year-86.06%
5 Year-90.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%5.19%
ATR Inc-57.26%
Range Today0.03
ADR(20)0.1
ADR(20)%4.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.81
Mansfield-3.8
10 Day High2.17
10 Day Low1.93
20 Day High2.48
20 Day Low1.93
52 Week High5.59
52 Week Low1.55
CS1 End2
CR1 Start2.01
Volume & EV
DER(3)-9.88%
DER(5)-6.81%
Volume13.10K
Volume Incr-4.5%
Vol(5)13.29K
Vol(50)14.46K