EDESA BIOTECH INC (EDSA) Stock Technical Analysis
USA - NASDAQ:EDSA - CA27966L3065 - Common Stock
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.
The technical rating of EDSA is bad and it also does not present a 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
1.83
We found 1 important support area.
- Support @1.85 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.86 to 1.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.69 from a trend line in the daily time frame.
- Resistance @2.84 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for EDSA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDSA is down. |
| ChartMill Relative Strength | 8.37 | NEGATIVE | EDSA has a low relative strength, it was outperformed by 91.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDSA is below a declining 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) | UP | MIXED | The current price of EDSA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.69 | NEUTRAL | The RSI value for EDSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EDSA has a negative trend. |
| Stochastics (14,3) | 8.76 | OVERSOLD | The low Stochastics value suggests EDSA may be oversold. |
| Average True Range in percent/ATR (20) | 13.01 | HIGH VOLATILITY | The high ATR as a percentage value for EDSA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.62 | NEUTRAL | The ADX value for EDSA suggests a possible start of a new trend. |
1.86
-0.01 (-0.53%)
EDESA BIOTECH INC / EDSA FAQ
What is the technical rating for EDSA stock?
ChartMill assigns a technical rating of 0 / 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 30.6855. 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 -0.0905983, 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.