Is Edesa Biotech, Inc. technically bullish or bearish?
As of June 4, 2025, the technical trend has shifted to a bearish stance with moderate strength, driven by bearish daily moving averages and KST signals, despite a mildly bullish MACD.
As of 4 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include the daily moving averages indicating bearish momentum, the KST on both weekly and monthly time frames showing bearish signals, and Bollinger Bands reflecting a mildly bearish outlook on both weekly and monthly charts. Although the MACD is mildly bullish on weekly and monthly time frames, the overall bearish indicators outweigh this. The Dow Theory shows a mixed signal with weekly mildly bullish and monthly mildly bearish readings, further supporting the bearish stance.
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