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Technical Sentiment Analysis for Edesa Biotech Inc (EDSA) As of 2026-02-27, Edesa Biotech Inc (EDSA) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 16 technical signals, shows that 13 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EDSA stands at 74.97, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 0.0603, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 72.75 and the Commodity Channel Index (CCI) at 349.543 further confirm a 1.205 outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, EDSA is trading below its 60-day moving average of $1.4 and below its 200-day long-term moving average of $1.948. Key price levels to watch include the immediate resistance at $2.297 and strong support at $0.437. A break above $2.297 could signal a bull continuation, while falling below $0.437 may test the next Fibonacci floor at $-0.351.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -1.423 | -0.351 | 0.437 | 1.509 | 2.297 | 3.369 | 4.157 |
| Fibonacci | -0.351 | 0.359 | 0.798 | 1.509 | 2.219 | 2.658 | 3.369 |
2026-02-27
| Name | Value |
|---|---|
| RSI_14 | 74.97 |
| STOCHk_14_3_3 | 72.75 |
| STOCHd_14_3_3 | 66.137 |
| CCI_20 | 349.543 |
| AO_5_34 | 0.134 |
| MOM_10 | 1.205 |
| MACD_12_26_9 | 0.0603 |
2026-02-27
| Period | Simple | Signal |
|---|---|---|
| MA_5 | 1.504 | Buy |
| MA_10 | 1.226 | Buy |
| MA_20 | 1.168 | Buy |
| MA_60 | 1.4 | Buy |
| MA_200 | 1.948 | Buy |
| MA_250 | 2.026 | Buy |