EDESA BIOTECH INC (EDSA) Stock Technical Analysis
NASDAQ:EDSA • CA27966L3065
2.2 USD
+0.65 (+41.94%)
At close: Feb 27, 2026
2.1301 USD
-0.07 (-3.18%)
After Hours: 2/27/2026, 8:00:02 PM
We assign a technical rating of 5 out of 10 to EDSA. EDSA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- 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 0.72 - 2.58 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- EDSA has an average volume of 3264260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that EDSA is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- EDSA is part of the Biotechnology industry. There are 521 other stocks in this industry, EDSA did better than 60% of them.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EDSA has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.18
2.72
We found 1 important resistance area.
- Resistance @2.69 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for EDSA is up. |
| ChartMill Relative Strength | 70.8 | POSITIVE | EDSA has a high relative strength, it outperformed 70.8% 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) | UP | POSITIVE | The current price of EDSA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDSA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.97 | OVERBOUGHT | The high RSI value suggests EDSA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests EDSA has a positive trend. |
| Stochastics (14,3) | 72.75 | NEUTRAL | The Stochastics value for EDSA is a neutral value. |
| Average True Range in percent/ATR (20) | 11.72 | HIGH VOLATILITY | The high ATR as a percentage value for EDSA suggests high volalility. |
| Average Directional Index/ADX (14) | 40.42 | 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)
2.2
+0.65 (+41.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg41.94%
1 Week175%
2 Weeks121.11%
1 Month78.86%
3 Month25.71%
6 Month-5.17%
12 Month0.46%
2 Year-52.36%
3 Year-78.02%
5 Year-94.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%11.72%
ATR Inc232.36%
Range Today1.07
ADR(20)0.25
ADR(20)%11.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.8
3 months CRS90.89
6 months CRS29.29
Mansfield-0.05
10 Day High2.58
10 Day Low0.72
20 Day High2.58
20 Day Low0.72
52 Week High2.95
52 Week Low0.72
CS1 EndN/A
CR1 Start2.69
Volume & EV
DER(3)1.47%
DER(5)2.11%
Volume43.24M
Volume Incr7251.65%
Vol(5)30.76M
Vol(50)3.26M
EDESA BIOTECH INC / EDSA FAQ
What is the technical rating for EDSA stock?
ChartMill assigns a technical rating of 5 / 10 to EDSA.
Can you provide the trend direction for EDESA BIOTECH INC?
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 74.9699. This indicates that the stock is currently overbought.
What is the MACD signal for EDSA stock?
The MACD indicator for EDESA BIOTECH INC (EDSA) has a value of 0.119979, indicating a bearish trend.
What is the short term momentum for EDSA stock?
The short term momentum for EDESA BIOTECH INC (EDSA) is positive.