EDESA BIOTECH INC (EDSA)
CA27966L3065 - Common Stock
We assign a technical rating of 2 out of 10 to EDSA. 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.
85% of all other stocks performed better in the past year than EDSA.
Warning: EDSA has an average volume of 7815 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month EDSA has a been trading in the 4.12 - 4.90 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
EDSA is an average performer in the Biotechnology industry, it outperforms 45% of 587 stocks in the same industry.
EDSA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EDSA is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EDSA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EDSA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.04
5.38
3 important support areas can be observed.
- A support zone ranging from 4.39 to 4.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.19 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.08 to 4.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 4.66 to 4.68. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 4.80 to 4.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.14 from a trend line in the daily time frame.
- Resistance @5.33 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.65
Mansfield-1.89
10 Day High4.88
10 Day Low4.26
20 Day High4.9
20 Day Low4.12
52 Week High8.33
52 Week Low2.46
Performance
1 Week2.52%
2 Weeks2.28%
1 Month-3.66%
3 Month-7.25%
6 Month65.93%
12 Month-27.44%
2 Year-68.93%
3 Year-89.79%
5 YearN/A
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)0.02
RSI(14)50.7
LBB4.28
UBB4.6
EDESA BIOTECH INC
NASDAQ:EDSA (5/6/2024, 3:12:58 PM)
4.48
-0.15 (-3.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.29%
1 Week2.52%
2 Weeks2.28%
1 Month-3.66%
3 Month-7.25%
6 Month65.93%
12 Month-27.44%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.25
ATR(20)%5.88%
ATR Inc
Range Today0.29
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High4.88
10 Day Low4.26
20 Day High4.9
20 Day Low4.12
52 Week High8.33
52 Week Low2.46
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.00K
Volume Incr-51.1%
Vol(5)2.48K
Vol(50)7.82K