EDESA BIOTECH INC (EDSA) Stock Technical Analysis
NASDAQ:EDSA - Nasdaq - CA27966L3065 - Common Stock - Currency: USD
Taking everything into account, EDSA scores 1 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
93% of all other stocks performed better in the past year than EDSA.
EDSA is part of the Biotechnology industry. There are 557 other stocks in this industry, of which 65% are performing better than EDSA.
EDSA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: EDSA has an average volume of 20592 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month EDSA has a been trading in the 1.83 - 2.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EDSA has a poor technical rating and the quality of the setup is also only medium 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
1.80
2.11
We found 1 important support area.
- A support zone ranging from 1.82 to 1.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.07 to 2.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for EDSA is neutral. |
| ChartMill Relative Strength | 7.25 | NEGATIVE | EDSA has a low relative strength, it was outperformed by 92.75% 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) | 52.98 | NEUTRAL | The RSI value for EDSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EDSA has a positive trend. |
| Stochastics (14,3) | 64.49 | NEUTRAL | The Stochastics value for EDSA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for EDSA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.09 | POSITIVE | The high ADX value value for EDSA suggests a strong 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 (6/16/2025, 8:00:01 PM)
2.06
+0.14 (+7.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.29%
1 Week5.1%
2 Weeks3.52%
1 Month1.48%
3 Month-17.6%
6 Month19.08%
12 Month-52.97%
2 Year-63.71%
3 Year-81.72%
5 Year-94.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%4.18%
ATR Inc11.22%
Range Today0.12
ADR(20)0.08
ADR(20)%3.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.25
Mansfield-3.4
10 Day High2.06
10 Day Low1.83
20 Day High2.09
20 Day Low1.83
52 Week High5.59
52 Week Low1.55
CS1 End1.86
CR1 Start2.07
Volume & EV
DER(3)0.99%
DER(5)-0.65%
Volume22.90K
Volume Incr-58.26%
Vol(5)14.48K
Vol(50)20.59K