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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.
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MarketClub’s Trade Triangles for EDSA
The long-term trend has been DOWN since Dec 3rd, 2021 at 5.42
The intermediate-term trend has been DOWN since Jun 14th, 2022 at 1.70
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).
| 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 High | 12 | 52wk High Date | 2021-09-20 |
| 52wk Low | 1.3035 | 52wk Low Date | 2022-06-30 |
| Average Volume | 53,391 | Shares Outstanding | 15,462 |
| Market Cap | 41M | Assets | 20,407,623M |
| Liabilities | 3,383,210M |