Bullish Case: Edesa's participation in multiple influential healthcare conferences could boost visibility and investor confidence, potentially enhancing stock sentiment if positive data from ongoing Phase 3 ARDS studies or upcoming drug trials is announced.


Bearish Case: Recent steep declines in stock prices and persistent negative market sentiments, evidenced by the mean-reverting price action, suggest potential further downturns, especially if upcoming clinical results fail to meet expectations.


Potential Outcomes:

1. Positive Phase 3 results lead to a 20% stock increase (30% probability).

2. Delays or negative results cause a 25% drop (50% probability).

3. New partnerships or funding announcements raise stock by 15% (20% probability).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 24, 2024


Edesa Biotech Forecast

EDSA        Edesa Biotech
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with EDSA



TVTX Forecast + Options Trading Strategies   TVTX  Travere Therapeutics (0.87)


SJM Forecast + Options Trading Strategies   SJM  J.M. Smucker (0.86)


ILMN Forecast + Options Trading Strategies   ILMN  Illumina (0.86)


NEP Forecast + Options Trading Strategies   NEP  NextEra Energy (0.85)


GOOS Forecast + Options Trading Strategies   GOOS  Canada Goose Holdings Inc (Subord Vot Shs) (0.84)



Uncorrelated Stock Forecasts

Assets with little price relationship to EDSA



SNOW Forecast + Options Trading Strategies   SNOW  Snowflake (0.0)


CVLG Forecast + Options Trading Strategies   CVLG  Covenant Logistics (-0.0)


QSR Forecast + Options Trading Strategies   QSR  Restaurant Brands International (-0.0)


PSFE Forecast + Options Trading Strategies   PSFE  Paysafe Limited (-0.0)


VIPS Forecast + Options Trading Strategies   VIPS  Vipshop (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against EDSA



AFL Forecast + Options Trading Strategies   AFL  Aflac (-0.75)


LPG Forecast + Options Trading Strategies   LPG  Dorian LPG (-0.75)


AJG Forecast + Options Trading Strategies   AJG  Arthur J. Gallagher (-0.75)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.75)


LFMD Forecast + Options Trading Strategies   LFMD  LifeMD (-0.8)





Become a more profitable investor with AI optimized trading strategies






×

Chat with EDSA


 Ask any question about EDSA!