Overall ENVB gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 99% 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 86% are performing better than ENVB.
- ENVB is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ENVB has a been trading in the 2.14 - 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
2.35
When analyzing the resistance we notice one important area.
- Resistance @2.91 from a trend line in the daily 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 ENVB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENVB is down. |
| ChartMill Relative Strength | 1.63 | NEGATIVE | ENVB has a low relative strength, it was outperformed by 98.37% 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) | 28.5 | OVERSOLD | The low RSI value suggests ENVB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ENVB has a negative trend. |
| Stochastics (14,3) | 5.9 | OVERSOLD | The low Stochastics value suggests ENVB may be oversold. |
| Average True Range in percent/ATR (20) | 14.93 | HIGH VOLATILITY | The high ATR as a percentage value for ENVB suggests high volalility. |
| Average Directional Index/ADX (14) | 14.94 | NEGATIVE | The low ADX value for ENVB suggests a weak or negative trend. |
2.37
-0.26 (-9.89%)
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 28.5034. 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 -0.0940588, 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 2.91. Check the full technical report for our detailed analysis of ENVB support and resistance levels.