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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, EDSA is a bad performer in the overall market: 70% of all stocks are doing better.
EDSA is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: EDSA has an average volume of 28340 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
EDSA is one of the better performing stocks in the Biotechnology industry, it outperforms 71% of 566 stocks in the same industry.
In the last month EDSA has a been trading in the 2.07 - 2.48 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
EDSA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.36, a Stop Loss order could be placed below this zone.
More info and screens
2.15
5.42
3 important support areas can be observed.
- A support zone ranging from 2.31 to 2.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.25 to 2.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.17 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 2.38 to 2.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.57 from a horizontal line in the daily time frame.
- Resistance @2.70 from a horizontal line in the weekly time frame.
- Resistance @4.64 from a trend line in the weekly time frame.
- Resistance @5.37 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.31
Mansfield-2.73
10 Day High2.48
10 Day Low2.24
20 Day High2.48
20 Day Low2.07
52 Week High5.59
52 Week Low1.55
Performance
1 Week1.28%
2 Weeks1.71%
1 Month-2.86%
3 Month24.93%
6 Month-25.62%
12 Month-48.62%
2 Year-62.64%
3 Year-83.5%
5 Year-88.93%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)52.64
LBB2.24
UBB2.43
NASDAQ:EDSA (5/1/2025, 6:03:16 PM)
2.38
+0.05 (+2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.15%
1 Week1.28%
2 Weeks1.71%
1 Month-2.86%
3 Month24.93%
6 Month-25.62%
12 Month-48.62%
2 Year-62.64%
3 Year-83.5%
5 Year-88.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%4.75%
ATR Inc-32.96%
Range Today0.03
ADR(20)0.11
ADR(20)%4.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.31
Mansfield-2.73
10 Day High2.48
10 Day Low2.24
20 Day High2.48
20 Day Low2.07
52 Week High5.59
52 Week Low1.55
CS1 End2.36
CR1 Start2.38
Volume & EV
DER(3)1.3%
DER(5)-1.88%
Volume2.31K
Volume Incr-38.13%
Vol(5)5.56K
Vol(50)28.34K