ENSYSCE BIOSCIENCES INC (ENSC) Stock Technical Analysis
NASDAQ:ENSC - Nasdaq - US2936025046 - Common Stock - Currency: USD
Overall ENSC gets a technical rating of 1 out of 10. ENSC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
95% of all other stocks performed better in the past year than ENSC.
ENSC is part of the Biotechnology industry. There are 558 other stocks in this industry, of which 72% are performing better than ENSC.
ENSC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ENSC has a been trading in the 1.97 - 2.40 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
ENSC has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
1.99
2.41
When analyzing the support we can see 3 important areas.
- Support @2.11 from a trend line in the weekly time frame.
- Support @2.05 from a horizontal line in the daily time frame.
- A support zone ranging from 2.01 to 2.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.23 to 2.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.32 from a horizontal line in the daily time frame.
- Resistance @2.39 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ENSC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENSC is neutral. |
| ChartMill Relative Strength | 5.71 | NEGATIVE | ENSC has a low relative strength, it was outperformed by 94.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ENSC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENSC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENSC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.6 | NEUTRAL | The RSI value for ENSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ENSC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.33 | NEUTRAL | The Stochastics value for ENSC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for ENSC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.85 | NEGATIVE | The low ADX value for ENSC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.16
+0.07 (+3.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.35%
1 Week-6.49%
2 Weeks-2.7%
1 Month4.35%
3 Month6.4%
6 Month-71.16%
12 Month-68.73%
2 Year-92.89%
3 Year-97.67%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%6.49%
ATR Inc177.51%
Range Today0.4
ADR(20)0.14
ADR(20)%6.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.71
Mansfield-6.05
10 Day High2.4
10 Day Low1.97
20 Day High2.4
20 Day Low1.97
52 Week High14.67
52 Week Low1.62
CS1 End2.11
CR1 Start2.23
Volume & EV
DER(3)-6.04%
DER(5)-8.08%
Volume187.30K
Volume Incr102.69%
Vol(5)131.28K
Vol(50)233.03K