Technical Analysis for EDSA - Edesa Biotech, Inc.

Grade Last Price % Change Price Change
D 4.30 -2.05% -0.09
EDSA closed down 2.05 percent on Monday, March 18, 2024, on 32 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
Wide Range Bar Range Expansion 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -2.05%
Shooting Star Candlestick Bearish -2.05%
Doji - Bearish? Reversal -2.05%
Doji - Bullish? Reversal -2.05%
Outside Day Range Expansion -2.05%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 17 hours ago
Gap Up Closed about 18 hours ago
Reversed from Up about 18 hours ago
10 DMA Support about 19 hours ago
Gap Up Partially Closed about 20 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 14,776
200-Day Moving Average 2.67
50-Day Moving Average 4.73
20-Day Moving Average 4.67
10-Day Moving Average 4.41
Average True Range 0.38
RSI (14) 40.83
ADX 20.52
+DI 16.69
-DI 25.34
Chandelier Exit (Long, 3 ATRs) 4.86
Chandelier Exit (Short, 3 ATRs) 5.01
Upper Bollinger Bands 5.31
Lower Bollinger Band 4.03
Percent B (%b) 0.21
BandWidth 27.46
MACD Line -0.14
MACD Signal Line -0.09
MACD Histogram -0.0436
Fundamentals Value
Market Cap 13.63 Million
Num Shares 3.17 Million
EPS -20.51
Price-to-Earnings (P/E) Ratio -0.21
Price-to-Sales 120477.93
Price-to-Book 2.17
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.47
Resistance 3 (R3) 5.46 5.06 5.28
Resistance 2 (R2) 5.06 4.76 5.07 5.21
Resistance 1 (R1) 4.68 4.58 4.87 4.69 5.15
Pivot Point 4.28 4.28 4.38 4.29 4.28
Support 1 (S1) 3.90 3.98 4.09 3.91 3.45
Support 2 (S2) 3.50 3.80 3.50 3.39
Support 3 (S3) 3.12 3.50 3.32
Support 4 (S4) 3.13