EDESA BIOTECH INC (EDSA) Stock Technical Analysis
NASDAQ:EDSA - Nasdaq - CA27966L3065 - Common Stock - Currency: USD
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.
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.
More info and screens
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.
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 | 10.81 | NEGATIVE | EDSA has a low relative strength, it was outperformed by 89.19% 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) | DOWN | NEGATIVE | The current price of EDSA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37 | NEUTRAL | The RSI value for EDSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EDSA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.27 | OVERSOLD | The low Stochastics value suggests EDSA may be oversold. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for EDSA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.88 | NEUTRAL | The ADX value for EDSA suggests a possible start of a new trend. |
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)
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