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Stock Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

Edesa Biotech, Inc. - Common Shares (NASDAQ:EDSA)

Crossroads (-60) - EDSA is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid EDSA?

MarketClub looks at technical strength and momentum to determine if the timing is right for EDSA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_EDSA
Open High Low EDSA Price Change
1.03 1.09 1.04 1.07 +0.03
Entry Signal

MarketClub’s Trade Triangles for EDSA

long term up The long-term trend has been UP since Dec 22nd, 2022 at 1.86

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2023 at 1.51

short term down The short-term trend has been DOWN since Mar 8th, 2023 at 1.37

Smart Scan Analysis for EDSA

Based on our trend formula, EDSA is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EDSA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.03 1.09 1.04 1.07 +0.03
Prev. Close Volume Bid Ask Time
1.07 43505 2023-03-24 15:59:52
52wk High3.4252wk High Date2022-03-24
52wk Low0.7652wk Low Date2022-11-18
Average Volume77,057Shares Outstanding20,059
Market Cap41MAssets11,674,762M
Liabilities1,401,306M
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