We assign a technical rating of 1 out of 10 to EDSA. EDSA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, EDSA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EDSA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.67
When analyzing the support we notice one important area.
- A support zone ranging from 1.69 to 1.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.77 to 1.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.49 from a trend line in the weekly time frame.
- Resistance @2.69 from a horizontal line in the weekly time frame.
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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for EDSA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDSA is down. |
| ChartMill Relative Strength | 18.66 | NEGATIVE | EDSA has a low relative strength, it was outperformed by 81.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EDSA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EDSA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EDSA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.12 | NEUTRAL | The RSI value for EDSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EDSA has a positive trend. |
| Stochastics (14,3) | 45.49 | NEUTRAL | The Stochastics value for EDSA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for EDSA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.18 | NEGATIVE | The low ADX value for EDSA suggests a weak or negative trend. |
NASDAQ:EDSA (12/5/2025, 8:15:46 PM)
1.76
+0.07 (+4.14%)
EDESA BIOTECH INC / EDSA FAQ
What is the technical rating for EDSA stock?
ChartMill assigns a technical rating of 1 / 10 to EDSA.
What is the trend direction for EDSA stock?
The current trend direction for EDESA BIOTECH INC (EDSA) is Bearish.
What is the RSI signal for EDSA stock?
EDESA BIOTECH INC (EDSA) has an RSI value of 43.1207. This indicates that the stock is currently neutral.
What is the MACD signal for EDESA BIOTECH INC (EDSA) stock?
The MACD indicator for EDESA BIOTECH INC (EDSA) has a value of 0.0289702, indicating a bearish trend.
Can you provide the short term momentum for EDESA BIOTECH INC?
The short term momentum for EDESA BIOTECH INC (EDSA) is negative.