ENVERIC BIOSCIENCES INC (ENVB) Technical Analysis
NASDAQ:ENVB • US29405E5050
Current stock price
ENVB Technical Rating and Analysis
Taking everything into account, ENVB scores 2 out of 10 in our technical rating. In the past year, ENVB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 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.
- When comparing the yearly performance of all stocks, ENVB is a bad performer in the overall market: 96% of all stocks are doing better.
- ENVB is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, of which 77% are performing better than ENVB.
- ENVB 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ENVB has an average volume of 3931620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ENVB has a been trading in the 1.71 - 5.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ENVB Weekly and Daily overview Charts
ENVB Setup Rating and Analysis
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.
More info and screens
ENVB Support and Resistance Analysis
3.34
We found 1 important resistance area.
- Resistance @3.66 from a horizontal line in the daily time frame.
ENVB 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 ENVB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENVB is neutral. |
| ChartMill Relative Strength | 4.63 | NEGATIVE | ENVB has a low relative strength, it was outperformed by 95.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENVB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENVB is above the rising 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) | 67.55 | NEUTRAL | The RSI value for ENVB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ENVB has a positive trend. |
| Stochastics (14,3) | 34.93 | NEUTRAL | The Stochastics value for ENVB is a neutral value. |
| Average True Range in percent/ATR (20) | 11.9 | HIGH VOLATILITY | The high ATR as a percentage value for ENVB suggests high volalility. |
| Average Directional Index/ADX (14) | 24.75 | NEUTRAL | The ADX value for ENVB suggests a possible start of a new trend. |
ENVB Chart- and CandleStick Pattern Analysis
ENVB Technicals: Chart, Performance Metrics, Trend & Indicators
3.37
-0.28 (-7.67%)
ENVERIC BIOSCIENCES INC / ENVB TA FAQ
What is the technical rating for ENVB stock?
ChartMill assigns a technical rating of 2 / 10 to ENVB.
Can you provide the trend direction for ENVERIC BIOSCIENCES INC?
The current trend direction for ENVERIC BIOSCIENCES INC (ENVB) is Bearish.
What is the RSI signal for ENVB stock?
ENVERIC BIOSCIENCES INC (ENVB) has an RSI value of 67.546. This indicates that the stock is currently neutral.
What is the support and resistance level for ENVB stock?
ENVERIC BIOSCIENCES INC (ENVB) has a resistance level at 3.66. Check the full technical report for our detailed analysis of ENVB support and resistance levels.