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Stock Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

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

Long-Term Downtrend (-90) - EDSA is in a strong downtrend that is likely to continue. While EDSA is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1.5700 1.6600 1.5799 1.6250 +0.0250
Entry Signal

MarketClub’s Trade Triangles for EDSA

long term down The long-term trend has been DOWN since Dec 3rd, 2021 at 5.42

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2022 at 1.70

short term down The short-term trend has been DOWN since Jun 30th, 2022 at 1.40

Smart Scan Analysis for EDSA

Based on our trend formula, EDSA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EDSA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5700 1.6600 1.5799 1.6250 +0.0250
Prev. Close Volume Bid Ask Time
1.6000 10756 2022-07-05 11:42:16
52wk High1252wk High Date2021-09-20
52wk Low1.303552wk Low Date2022-06-30
Average Volume53,391Shares Outstanding15,462
Market Cap41MAssets20,407,623M
Liabilities3,383,210M
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