We assign a technical rating of 0 out of 10 to ENVB. ENVB 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 technical rating of ENVB 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.
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3.92
When analyzing the resistance we notice 2 important areas.
- Resistance @4.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.53 to 4.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 ENVB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENVB is down. |
| ChartMill Relative Strength | 1.93 | NEGATIVE | ENVB has a low relative strength, it was outperformed by 98.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENVB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENVB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENVB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.09 | NEUTRAL | The RSI value for ENVB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ENVB has a positive trend. |
| Stochastics (14,3) | 26.66 | NEUTRAL | The Stochastics value for ENVB is a neutral value. |
| Average True Range in percent/ATR (20) | 17.17 | HIGH VOLATILITY | The high ATR as a percentage value for ENVB suggests high volalility. |
| Average Directional Index/ADX (14) | 11.85 | NEGATIVE | The low ADX value for ENVB suggests a weak or negative trend. |
3.96
-0.12 (-2.94%)
ENVERIC BIOSCIENCES INC / ENVB FAQ
What is the technical rating for ENVB stock?
ChartMill assigns a technical rating of 0 / 10 to ENVB.
Can you provide the trend direction for ENVERIC BIOSCIENCES INC?
The current trend direction for ENVERIC BIOSCIENCES INC (ENVB) is Bearish.
Can you provide the RSI signal for ENVERIC BIOSCIENCES INC?
ENVERIC BIOSCIENCES INC (ENVB) has an RSI value of 41.0894. This indicates that the stock is currently neutral.
What is the MACD signal for ENVERIC BIOSCIENCES INC (ENVB) stock?
The MACD indicator for ENVERIC BIOSCIENCES INC (ENVB) has a value of 0.00725486, indicating a bearish trend.
What are the support and resistance levels for ENVERIC BIOSCIENCES INC (ENVB) stock?
ENVERIC BIOSCIENCES INC (ENVB) has a resistance level at 4.16. Check the full technical report for our detailed analysis of ENVB support and resistance levels.