ENSYSCE BIOSCIENCES INC (ENSC) Stock Technical Analysis
NASDAQ:ENSC - Nasdaq - US2936025046 - Common Stock - Currency: USD
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.
When comparing the yearly performance of all stocks, ENSC is a bad performer in the overall market: 98% of all stocks are doing better.
ENSC is one of the lesser performing stocks in the Biotechnology industry. 83% of 560 stocks in the same industry do better.
ENSC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ENSC is lagging the market.
In the last month ENSC has a been trading in the 1.99 - 3.23 range, which is quite wide. It is currently trading near the lows of this range.
ENSC has an average volume of 2108860 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.
Although the technical rating is bad, ENSC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for ENSC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.02
3.01
When analyzing the support we can see 2 important areas.
- Support @2.16 from a horizontal line in the weekly time frame.
- Support @2.04 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @2.48 from a trend line in the daily time frame.
- A resistance zone ranging from 2.55 to 2.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.98 from a trend 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 | DOWN | NEGATIVE | The short term trend for ENSC is down. |
| ChartMill Relative Strength | 2.06 | NEGATIVE | ENSC has a low relative strength, it was outperformed by 97.94% 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) | 46 | NEUTRAL | The RSI value for ENSC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ENSC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.32 | NEUTRAL | The Stochastics value for ENSC is a neutral value. |
| Average True Range in percent/ATR (20) | 10.94 | HIGH VOLATILITY | The high ATR as a percentage value for ENSC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for ENSC suggests a possible start of a new 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)
2.26
-0.12 (-5.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.04%
1 Week-6.61%
2 Weeks9.18%
1 Month-25.9%
3 Month-58.07%
6 Month-69.49%
12 Month-73.8%
2 Year-93.64%
3 Year-97.76%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%10.94%
ATR Inc-27.73%
Range Today0.13
ADR(20)0.24
ADR(20)%10.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.06
Mansfield-6.13
10 Day High2.63
10 Day Low2.09
20 Day High3.23
20 Day Low1.99
52 Week High14.67
52 Week Low1.62
CS1 End2.16
CR1 Start2.48
Volume & EV
DER(3)4.15%
DER(5)-4.61%
Volume52.00K
Volume Incr-98.58%
Vol(5)72.02K
Vol(50)2.11M