ENVERIC BIOSCIENCES INC (ENVB) Stock Technical Analysis
NASDAQ:ENVB • US29405E5050
Taking everything into account, ENVB scores 0 out of 10 in our technical rating. 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 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, ENVB is a bad performer in the overall market: 99% of all stocks are doing better.
- ENVB is one of the lesser performing stocks in the Pharmaceuticals industry. 87% of 191 stocks in the same industry do better.
- 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.
- In the last month ENVB has a been trading in the 1.96 - 4.67 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.
- Considerably lower volume is observed in the last couple of days.
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
2.08
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 | 1.59 | NEGATIVE | ENVB has a low relative strength, it was outperformed by 98.41% 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) | 28.19 | OVERSOLD | The low RSI value suggests ENVB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ENVB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.59 | OVERSOLD | The low Stochastics value suggests ENVB may be oversold. |
| Average True Range in percent/ATR (20) | 15.54 | HIGH VOLATILITY | The high ATR as a percentage value for ENVB suggests high volalility. |
| Average Directional Index/ADX (14) | 22.31 | NEUTRAL | The ADX value for ENVB suggests a possible start of a new trend. |
2.1
+0.08 (+3.96%)
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 28.1912. This indicates that the stock is currently oversold.
What is the MACD signal for ENVERIC BIOSCIENCES INC (ENVB) stock?
The MACD indicator for ENVERIC BIOSCIENCES INC (ENVB) has a value of -0.0678095, indicating a bearish trend.