EDESA BIOTECH INC (EDSA) Stock Technical Analysis
NASDAQ:EDSA - Nasdaq - CA27966L3065 - Common Stock - Currency: USD
Overall EDSA gets a technical rating of 3 out of 10. In the past year, EDSA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
78% of all other stocks performed better in the past year than EDSA.
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.
EDSA has an average volume of 2373320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
EDSA is an average performer in the Biotechnology industry, it outperforms 63% of 567 stocks in the same industry.
In the last month EDSA has a been trading in the 2.07 - 2.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 and the volatility has been reduced. There is a support zone below the current price at 2.33, a Stop Loss order could be placed below this zone.
More info and screens
2.15
5.42
We found 3 important support areas.
- A support zone ranging from 2.31 to 2.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.24 to 2.25. 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.
We can see 5 important resistance areas.
- Resistance @2.48 from a trend line 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 @4.66 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
CRS22.95
Mansfield-2.8
10 Day High2.4
10 Day Low2.23
20 Day High2.54
20 Day Low2.07
52 Week High5.59
52 Week Low1.55
Performance
1 Week4.42%
2 Weeks7.27%
1 Month-6.72%
3 Month5.83%
6 Month-30.59%
12 Month-46.61%
2 Year-69.9%
3 Year-84.81%
5 Year-86.15%
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
RSI(14)51.83
LBB2.15
UBB2.42
NASDAQ:EDSA (4/25/2025, 8:02:54 PM)
2.36
+0.01 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.43%
1 Week4.42%
2 Weeks7.27%
1 Month-6.72%
3 Month5.83%
6 Month-30.59%
12 Month-46.61%
2 Year-69.9%
3 Year-84.81%
5 Year-86.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%5.2%
ATR Inc-39.13%
Range Today0.06
ADR(20)0.11
ADR(20)%4.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.95
Mansfield-2.8
10 Day High2.4
10 Day Low2.23
20 Day High2.54
20 Day Low2.07
52 Week High5.59
52 Week Low1.55
CS1 End2.33
CR1 Start2.48
Volume & EV
DER(3)-6.95%
DER(5)-6.21%
Volume4.10K
Volume Incr-17.75%
Vol(5)9.36K
Vol(50)2.37M