Is Edesa Biotech, Inc. technically bullish or bearish?
As of August 21, 2025, Edesa Biotech, Inc. has shifted to a mildly bullish trend, supported by positive indicators like a bullish MACD and RSI, despite mixed signals from Bollinger Bands and underperforming the S&P 500 with a -45.50% return over the past year.
As of 21 August 2025, the technical trend for Edesa Biotech, Inc. has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on the weekly timeframe and a bullish RSI on the monthly timeframe. The daily moving averages also indicate a mildly bullish trend. However, the Bollinger Bands show a mixed signal with a mildly bullish weekly and a bearish monthly outlook. The KST is bullish on the weekly but bearish on the monthly, while the OBV is mildly bullish on the weekly with no trend on the monthly.In terms of performance, Edesa Biotech has underperformed the S&P 500 over the past year, with a return of -45.50% compared to the S&P's 17.14%, and significantly underperformed over the last 3 and 5 years.
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