ENVERIC BIOSCIENCES INC (ENVB)       6.93  +0.33 (+5%)

6.93  +0.33 (+5%)

US29405E2081 - Common Stock - Premarket: 7.51 +0.58 (+8.37%)

Technical Rating

Overall ENVB gets a technical rating of 0 out of 10. 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.



ENVB has an average volume of 2245630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
97% of all other stocks performed better in the past year than ENVB.
ENVB is one of the lesser performing stocks in the Pharmaceuticals industry. 84% of 264 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. ENVB is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month ENVB has a been trading in the 5.90 - 14.87 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Statistics

1 Month 3 Months 6 Months 12 Months -7.60% -34.75% -50.46% -91.75% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 3.25 5.9 - 187
ENVB Weekly chart
ENVB Daily chart

Support/Resistance Analysis


6.05

10.36
We found 1 important support area.
  • Support @6.11 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
  • Resistance @8.68 from a trend line in the daily time frame.
  • A resistance zone ranging from 9.44 to 9.59. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
  • Resistance @10.26 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

ENVB has a poor technical rating and the quality of the setup is also only medium 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.


ENVB Daily chart

ENVERIC BIOSCIENCES INC6.93

NASDAQ:ENVB (8/16/2022, 7:27:21 PM)+0.33 (+5%)

Premarket: 7.51 +0.58 (+8.37%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Pharmaceuticals
Performance
Today 5% 1 Week 11.95%
2 Weeks 8.96% 1 Month -7.6%
3 Month -34.75% 6 Month -50.46%
Volatility
ATR(14) 1.55 ATR(20)% 21.9%
ATR Inc -64.03% Range Today 0.69
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 3.25 Mansfield -8.31
10 Day High 14.87 10 Day Low 6.16
20 Day High 14.87 20 Day Low 5.9
52 Week High 187 52 Week Low 5.9
CS1 End 6.11 CR1 Start 8.68
Volume & EV
DER(3) -11.64% DER(5) -3.7%
Volume 507.80K Volume Incr -85.93%
Vol(5) 243.20K Vol(50) 2.25M

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