ENVERIC BIOSCIENCES INC (ENVB) Stock Technical Analysis
NASDAQ:ENVB - Nasdaq - US29405E4061 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ENVB. 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.
When comparing the yearly performance of all stocks, ENVB is a bad performer in the overall market: 98% of all stocks are doing better.
ENVB is one of the lesser performing stocks in the Pharmaceuticals industry. 83% of 195 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. The S&P500 Index is trading in the upper part of its 52 week range, so ENVB is lagging the market.
In the last month ENVB has a been trading in the 1.11 - 1.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ENVB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.15
1.32
When analyzing the support we can see 2 important areas.
- Support @1.21 from a trend line in the daily time frame.
- Support @1.16 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.26 to 1.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.31 to 1.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 2.33 | NEGATIVE | ENVB has a low relative strength, it was outperformed by 97.67% 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) | 43.37 | NEUTRAL | The RSI value for ENVB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ENVB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.39 | NEUTRAL | The Stochastics value for ENVB is a neutral value. |
| Average True Range in percent/ATR (20) | 7.89 | HIGH VOLATILITY | The high ATR as a percentage value for ENVB suggests high volalility. |
| Average Directional Index/ADX (14) | 12 | NEGATIVE | The low ADX value for ENVB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.21
-0.03 (-2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-2.42%
1 Week-6.92%
2 Weeks2.54%
1 Month-3.97%
3 Month-30.06%
6 Month-77.81%
12 Month-89.1%
2 Year-97.61%
3 Year-99.25%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%7.89%
ATR Inc-35.81%
Range Today0.04
ADR(20)0.09
ADR(20)%7.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.33
Mansfield-7.57
10 Day High1.36
10 Day Low1.18
20 Day High1.38
20 Day Low1.11
52 Week High11.55
52 Week Low1.01
CS1 End1.21
CR1 Start1.26
Volume & EV
DER(3)-10.5%
DER(5)-6.11%
Volume100.80K
Volume Incr-47.61%
Vol(5)241.78K
Vol(50)234.22K