EDSA Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Edesa Biotech Inc (EDSA) Moving Averages Convergence Divergence (MACD) indicator is 2.885, suggesting EDSA is Buy.

Edesa Biotech Inc (EDSA) 20-Day simple moving average is 8.989, while Edesa Biotech Inc (EDSA) share price is $16.11, making it Buy.

Edesa Biotech Inc (EDSA) 60-Day simple moving average is 5.782, while Edesa Biotech Inc (EDSA) share price is $16.11, making it Buy.

Technical Analysis for EDSA

Technical Sentiment Analysis for Edesa Biotech Inc (EDSA) As of 2026-05-04, Edesa Biotech Inc (EDSA) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 8 indicators are flashing buy, while 6 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EDSA stands at 74.247, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 2.885, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 83.755 and the Commodity Channel Index (CCI) at 139.172 further confirm a 9.36 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, EDSA is trading above its 60-day moving average of $5.782 and above its 200-day long-term moving average of $3.14. Key price levels to watch include the immediate resistance at $19.472 and strong support at $5.782. A break above $19.472 could signal a bull continuation, while falling below $5.782 may test the next Fibonacci floor at $-0.639.

Edesa Biotech Inc (EDSA) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-7.908	-0.639	5.782	13.051	19.472	26.741	33.162
Fibonacci	-0.639	4.59	7.821	13.051	18.28	21.511	26.741

Edesa Biotech Inc (EDSA) Technical Indicators

2026-05-04

Name	Value
RSI_14	74.247
STOCHk_14_3_3	83.755
STOCHd_14_3_3	86.692
CCI_20	139.172
AO_5_34	8.394
MOM_10	9.36
MACD_12_26_9	2.885

Edesa Biotech Inc (EDSA) Relative Strength Index (RSI) is 74.247, creating a Sell signal.

Edesa Biotech Inc (EDSA) Stochastic Oscillator is 83.755, creating a Sell signal.

Edesa Biotech Inc (EDSA) Stochastic RSI is 86.692, creating a Sell signal.

Edesa Biotech Inc (EDSA) Commodity Channel Index (CCI) is 139.172, creating a Sell signal.

Edesa Biotech Inc (EDSA) Awesome Oscillator is 8.394, creating a Buy signal.

Edesa Biotech Inc (EDSA) Momentum is 9.36, creating a Buy signal.

Edesa Biotech Inc (EDSA) MACD is 2.885, creating a Buy signal.

Edesa Biotech Inc (EDSA) Moving Average

2026-05-04

Period	Simple	Signal
MA_5	16.427	Sell
MA_10	12.203	Buy
MA_20	8.989	Buy
MA_60	5.782	Buy
MA_200	3.14	Buy
MA_250	2.919	Buy

Edesa Biotech Inc (EDSA) 5-Day simple moving average is 16.427, while Edesa Biotech Inc (EDSA) share price is $16.11, making it a Sell.

Edesa Biotech Inc (EDSA) 10-Day simple moving average is 12.203, while Edesa Biotech Inc (EDSA) share price is $16.11, making it a Buy.

Edesa Biotech Inc (EDSA) 20-Day simple moving average is 8.989, while Edesa Biotech Inc (EDSA) share price is $16.11, making it a Buy.

Edesa Biotech Inc (EDSA) 60-Day simple moving average is 5.782, while Edesa Biotech Inc (EDSA) share price is $16.11, making it a Buy.

Edesa Biotech Inc (EDSA) 200-Day simple moving average is 3.14, while Edesa Biotech Inc (EDSA) share price is $16.11, making it a Buy.

Edesa Biotech Inc (EDSA) 250-Day simple moving average is 2.919, while Edesa Biotech Inc (EDSA) share price is $16.11, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for EDSA?

The overall technical consensus for Edesa Biotech Inc (EDSA) is currently Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 3 buy signals and 5 sell signals.

What are the key support and resistance levels for Edesa Biotech Inc (EDSA) today?

Based on pivot point calculations, Edesa Biotech Inc (EDSA) has an immediate support level at 5.782 and a major resistance level at 19.472. Traders also monitor the pivot point at 13.051 to determine the intraday trend direction.

Is Edesa Biotech Inc (EDSA) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Edesa Biotech Inc (EDSA) is currently 74.247. This indicates that the stock is in overbought territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Edesa Biotech Inc (EDSA)?

Edesa Biotech Inc (EDSA) Moving Averages Convergence Divergence (MACD) indicator is 2.885, suggesting EDSA is Buy. This indicator helps identify potential trend reversals or momentum shifts for Edesa Biotech Inc.

How is Edesa Biotech Inc (EDSA) performing relative to its 200-day moving average?

Edesa Biotech Inc (EDSA) is currently trading at $16.11, which is above its 200-day simple moving average of 3.14. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.