ENSYSCE BIOSCIENCES INC (ENSC) Technical Analysis
NASDAQ:ENSC • US2936025046
Current stock price
ENSC Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ENSC. ENSC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 98% of all other stocks performed better in the past year than ENSC.
- ENSC is part of the Biotechnology industry. There are 515 other stocks in this industry, of which 88% 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 0.34 - 0.60 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ENSC has an average volume of 6609000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
ENSC Weekly and Daily overview Charts
ENSC Setup Rating and Analysis
The technical rating of ENSC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ENSC Support and Resistance Analysis
0.39
When analyzing the resistance we notice 3 important areas.
- Resistance @0.45 from a trend line in the daily time frame.
- Resistance @0.48 from a trend line in the daily time frame.
- Resistance @0.62 from a horizontal line in the daily time frame.
ENSC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for ENSC is down. |
| ChartMill Relative Strength | 2.26 | NEGATIVE | ENSC has a low relative strength, it was outperformed by 97.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENSC is below a declining 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) | 38.15 | NEUTRAL | The RSI value for ENSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ENSC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.3 | OVERSOLD | The low Stochastics value suggests ENSC may be oversold. |
| Average True Range in percent/ATR (20) | 13.58 | HIGH VOLATILITY | The high ATR as a percentage value for ENSC suggests high volalility. |
| Average Directional Index/ADX (14) | 20.49 | NEUTRAL | The ADX value for ENSC suggests a possible start of a new trend. |
ENSC Chart- and CandleStick Pattern Analysis
ENSC Technicals: Chart, Performance Metrics, Trend & Indicators
0.389
+0.02 (+4.68%)
ENSYSCE BIOSCIENCES INC / ENSC TA FAQ
Can you provide the ChartMill technical rating for ENSYSCE BIOSCIENCES INC?
ChartMill assigns a technical rating of 0 / 10 to ENSC.
What is the trend direction for ENSC stock?
The current trend direction for ENSYSCE BIOSCIENCES INC (ENSC) is Bearish.
What is the RSI signal for ENSC stock?
ENSYSCE BIOSCIENCES INC (ENSC) has an RSI value of 38.15. This indicates that the stock is currently neutral.
What is the MACD signal for ENSYSCE BIOSCIENCES INC (ENSC) stock?
The MACD indicator for ENSYSCE BIOSCIENCES INC (ENSC) has a value of -0.0100786, indicating a bearish trend.
Can you provide the short term momentum for ENSYSCE BIOSCIENCES INC?
The short term momentum for ENSYSCE BIOSCIENCES INC (ENSC) is negative.