ENVERIC BIOSCIENCES INC (ENVB) Technical Analysis
NASDAQ:ENVB • US29405E5050
Current stock price
ENVB Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to ENVB. 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.
- 86% of all other stocks performed better in the past year than ENVB.
- ENVB is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, of which 65% are performing better than ENVB.
- ENVB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- ENVB has an average volume of 4700480 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 - 7.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ENVB Weekly and Daily overview Charts
ENVB Setup Rating and Analysis
ENVB has an average technical rating and it also does not offer a high 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
1.77
2 important support areas can be observed.
- A support zone ranging from 3.94 to 3.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.79 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @5.10 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for ENVB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENVB is up. |
| ChartMill Relative Strength | 14.6 | NEGATIVE | ENVB has a low relative strength, it was outperformed by 85.4% 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) | 58.55 | NEUTRAL | The RSI value for ENVB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ENVB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.06 | NEUTRAL | The Stochastics value for ENVB is a neutral value. |
| Average True Range in percent/ATR (20) | 23.11 | HIGH VOLATILITY | The high ATR as a percentage value for ENVB suggests high volalility. |
| Average Directional Index/ADX (14) | 43.65 | POSITIVE | The high ADX value value for ENVB suggests a strong trend. |
ENVB Chart- and CandleStick Pattern Analysis
ENVB Technicals: Chart, Performance Metrics, Trend & Indicators
3.99
+0.04 (+1.01%)
ENVERIC BIOSCIENCES INC / ENVB TA FAQ
What is the technical rating for ENVB stock?
ChartMill assigns a technical rating of 5 / 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 58.5496. This indicates that the stock is currently neutral.
What is the support and resistance level for ENVB stock?
ENVERIC BIOSCIENCES INC (ENVB) has a support level at 3.98 and a resistance level at 5.1. Check the full technical report for our detailed analysis of ENVB support and resistance levels.