Question 1

What implications does the 10-day RSI indicator have for EDSA?

Accepted Answer

The 10-day RSI Oscillator for EDSA moved out of overbought territory on July 29, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 17 instances where the indicator moved out of the overbought zone. In 15 of the 17 cases the stock moved lower in the days that followed. This puts the odds of a move down at 0%.

Question 2

What does the Stochastic Oscillator suggest about EDSA's trend?

Accepted Answer

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Question 3

How did EDSA's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved below the 0 level on August 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EDSA as a result. In 84 of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 0%.

Question 4

What does MACD indicator imply for EDSA?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for EDSA turned negative on August 06, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 42 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 5

What is the significance of the 50-day moving average indicator for EDSA?

Accepted Answer

EDSA moved below its 50-day moving average on August 13, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 6

What does a 3-day price advance indicate for EDSA?

Accepted Answer

Following a +2.09% 3-day Advance, the price is estimated to grow further. Considering data from situations where EDSA advanced for three days, in 179 of 227 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for EDSA's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EDSA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 8

How does the Aroon Indicator reflect on EDSA's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 79 of 89 cases where EDSA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

EDSA Stock Edesa Biotech (EDSA, $4.59) Aroon Indicator entered a Downtrend on June 07, 2024.

EDSA's RSI Oscillator recovers from overbought zone

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