ENVERIC BIOSCIENCES INC (ENVB) Technical Analysis
NASDAQ:ENVB • US29405E5050
Taking everything into account, ENVB scores 0 out of 10 in our technical rating. ENVB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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: 100% of all stocks are doing better.
- ENVB is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 89% 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 1.93 - 2.81 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.
Although the technical rating is bad, ENVB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.96
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 | 0.99 | NEGATIVE | ENVB has a low relative strength, it was outperformed by 99.01% 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) | 33.9 | NEUTRAL | The RSI value for ENVB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ENVB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 20.73 | NEUTRAL | The Stochastics value for ENVB is a neutral value. |
| Average True Range in percent/ATR (20) | 11.84 | HIGH VOLATILITY | The high ATR as a percentage value for ENVB suggests high volalility. |
| Average Directional Index/ADX (14) | 19.72 | NEGATIVE | The low ADX value for ENVB suggests a weak or negative trend. |
ENVB Technicals: Chart, Performance Metrics, Trend & Indicators
1.98
-0.11 (-5.26%)
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 33.8997. 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 0.0605752, indicating a bearish trend.