SPECTRAL MEDICAL INC (EDT.CA) Stock Technical Analysis
Canada - TSX:EDT - CA8475771033 - Common Stock
1.4 CAD
-0.02 (-1.41%)
Overall EDT gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
EDT 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that EDT is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, EDT also shows a nice and consistent pattern of rising prices.
EDT is part of the Biotechnology industry. There are 23 other stocks in this industry. EDT outperforms 86% of them.
EDT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EDT is lagging the market.
Considerably lower volume is observed in the last couple of days.
EDT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.39, a Stop Loss order could be placed below this zone.
More info and screens
0.80
1.55
5 important support areas can be observed.
- A support zone ranging from 1.35 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.92 from a trend line in the daily time frame.
- Support @0.90 from a trend line in the weekly time frame.
- Support @0.87 from a trend line in the daily time frame.
- A support zone ranging from 0.81 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.53 from a horizontal line 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 | UP | POSITIVE | The long term trend for EDT.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EDT.CA is neutral. |
| ChartMill Relative Strength | 90.95 | POSITIVE | EDT.CA has a high relative strength, it outperformed 90.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDT.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDT.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.85 | NEUTRAL | The RSI value for EDT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EDT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.14 | OVERSOLD | The low Stochastics value suggests EDT.CA may be oversold. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for EDT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 31.27 | POSITIVE | The high ADX value value for EDT.CA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.45 | 1.34 | 0.10 (7.27%) | 13.76% |
| An entry @1.45. This is a Buy Stop order right above the 10 day moving average. | An exit @1.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.10 points, which is 7.27%. | When investing 13.76% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of EDT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:EDT (10/10/2025, 7:00:00 PM)
1.4
-0.02 (-1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.41%
1 Week-3.45%
2 Weeks-4.76%
1 Month-17.65%
3 Month64.71%
6 Month94.44%
12 Month145.61%
2 Year324.24%
3 Year258.97%
5 Year294.37%
10 Year75%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%5.75%
ATR Inc45.83%
Range Today0.13
ADR(20)0.08
ADR(20)%5.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.95
Mansfield5.76
10 Day High1.52
10 Day Low1.34
20 Day High1.73
20 Day Low1.34
52 Week High1.84
52 Week Low0.46
CS1 End1.39
CR1 Start1.53
Volume & EV
DER(3)-8.37%
DER(5)-0.6%
Volume101.00K
Volume Incr-55.98%
Vol(5)54.81K
Vol(50)206.70K