EDESA BIOTECH INC (EDSA) Technical Analysis
NASDAQ:EDSA • CA27966L3065
Current stock price
EDSA Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to EDSA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EDSA is showing a nice and steady performance.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- EDSA is one of the better performing stocks in the Biotechnology industry, it outperforms 96% of 516 stocks in the same industry.
- EDSA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EDSA is lagging the market slightly.
- In the last month EDSA has a been trading in the 5.02 - 7.70 range, which is quite wide. It is currently trading near the high of this range.
- EDSA has an average volume of 5350420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that EDSA is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EDSA Weekly and Daily overview Charts
EDSA Setup Rating and Analysis
Although EDSA has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
EDSA Support and Resistance Analysis
5.07
We found 2 important support areas.
- Support @5.48 from a trend line in the daily time frame.
- Support @5.12 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.64 to 7.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
EDSA 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EDSA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EDSA is up. |
| ChartMill Relative Strength | 99.3 | POSITIVE | EDSA has a high relative strength, it outperformed 99.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EDSA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDSA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDSA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.59 | 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) | 80.31 | OVERBOUGHT | The high Stochastics value suggests EDSA may be overbought. |
| Average True Range in percent/ATR (20) | 10.27 | HIGH VOLATILITY | The high ATR as a percentage value for EDSA suggests high volalility. |
| Average Directional Index/ADX (14) | 41.07 | POSITIVE | The high ADX value value for EDSA suggests a strong trend. |
EDSA Chart- and CandleStick Pattern Analysis
EDSA Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:EDSA (4/22/2026, 1:21:15 PM)
7.15
-0.5 (-6.54%)
EDESA BIOTECH INC / EDSA TA FAQ
What is the technical rating for EDSA stock?
ChartMill assigns a technical rating of 8 / 10 to EDSA.
What is the current trend direction of EDESA BIOTECH INC (EDSA) stock?
The current trend direction for EDESA BIOTECH INC (EDSA) is Bullish.
What is the RSI signal for EDESA BIOTECH INC (EDSA) stock?
EDESA BIOTECH INC (EDSA) has an RSI value of 65.5936. 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 0.0343347, indicating a bearish trend.
What are the support and resistance levels for EDESA BIOTECH INC (EDSA) stock?
EDESA BIOTECH INC (EDSA) has a support level at 5.48. Check the full technical report for our detailed analysis of EDSA support and resistance levels.