Technical Analysis for EDSA - Edesa Biotech, Inc.

Grade Last Price % Change Price Change
D 4.42 -1.09% -0.05
EDSA closed up 3.68 percent on Thursday, April 25, 2024, on 21 percent of normal volume. It ran into resistance at its 50 day moving average.
Earnings due: May 9
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
50 DMA Resistance Bearish -1.09%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -1.09%
Crossed Above 20 DMA Bullish -1.09%
MACD Bullish Signal Line Cross Bullish -1.09%
Narrow Range Bar Range Contraction -1.09%
Inside Day Range Contraction -1.09%
BB Squeeze Ended Range Expansion -1.09%
Gapped Up Strength -1.09%
50 DMA Resistance Bearish 2.55%
Bearish Engulfing Bearish 2.55%

   Recent Intraday Alerts

Alert Time
10 DMA Support 40 minutes ago
60 Minute Opening Range Breakdown about 2 hours ago
Down 3% about 2 hours ago
Down 2 % about 2 hours ago
Fell Below 10 DMA about 2 hours ago

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Profile

Edesa Biotech, Inc. is a clinical-stage biopharmaceutical company focused on efficiently developing innovative treatments that address significant unmet medical needs. Edesa's lead product candidate, EB01, is a novel non-steroidal anti-inflammatory molecule (sPLA2 inhibitor) for the treatment of chronic allergic contact dermatitis which has demonstrated statistically significant improvements in multiple clinical studies. Edesa also intends to expand the utility of its sPLA2 inhibitor technology, which forms the basis for EB01, across multiple indications. The company is based in Toronto, Canada, with U.S. offices in Southern California.
Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Biopharmaceutical Medication Dermatitis

Is EDSA a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 8.3331
52 Week Low 0.3927
Average Volume 11,117
200-Day Moving Average 3.15
50-Day Moving Average 4.57
20-Day Moving Average 4.44
10-Day Moving Average 4.38
Average True Range 0.29
RSI (14) 50.74
ADX 13.53
+DI 22.13
-DI 16.55
Chandelier Exit (Long, 3 ATRs) 4.08
Chandelier Exit (Short, 3 ATRs) 4.90
Upper Bollinger Bands 4.77
Lower Bollinger Band 4.12
Percent B (%b) 0.54
BandWidth 14.64
MACD Line -0.02
MACD Signal Line -0.03
MACD Histogram 0.0044
Fundamentals Value
Market Cap 14.17 Million
Num Shares 3.17 Million
EPS -20.51
Price-to-Earnings (P/E) Ratio -0.22
Price-to-Sales 120477.93
Price-to-Book 2.17
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.69
Resistance 3 (R3) 4.71 4.65 4.65
Resistance 2 (R2) 4.65 4.60 4.64 4.64
Resistance 1 (R1) 4.56 4.56 4.53 4.54 4.63
Pivot Point 4.51 4.51 4.50 4.50 4.51
Support 1 (S1) 4.42 4.45 4.39 4.40 4.31
Support 2 (S2) 4.36 4.42 4.35 4.30
Support 3 (S3) 4.27 4.36 4.29
Support 4 (S4) 4.25