ENVERIC BIOSCIENCES INC (ENVB) Technical Analysis
NASDAQ:ENVB • US29405E5050
Current stock price
ENVB Technical Rating and Analysis
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 98% 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 192 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 1.75 - 2.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Considerably lower volume is observed in the last couple of days.
ENVB Weekly and Daily overview Charts
ENVB Setup Rating and Analysis
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. There is very little resistance above the current price.
More info and screens
ENVB Support and Resistance Analysis
1.94
When analyzing the resistance we notice 3 important areas.
- Resistance @2.10 from a trend line in the daily time frame.
- Resistance @2.15 from a horizontal line in the daily time frame.
- Resistance @2.58 from a trend line in the daily time frame.
ENVB Technical Indicator Signal Analysis
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 | 2.13 | NEGATIVE | ENVB has a low relative strength, it was outperformed by 97.87% 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) | 44.22 | NEUTRAL | The RSI value for ENVB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ENVB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.15 | NEUTRAL | The Stochastics value for ENVB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.36 | HIGH VOLATILITY | The high ATR as a percentage value for ENVB suggests high volalility. |
| Average Directional Index/ADX (14) | 15.47 | NEGATIVE | The low ADX value for ENVB suggests a weak or negative trend. |
ENVB Chart- and CandleStick Pattern Analysis
ENVB Technicals: Chart, Performance Metrics, Trend & Indicators
1.96
+0.01 (+0.51%)
ENVERIC BIOSCIENCES INC / ENVB TA 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.
What is the RSI signal for ENVB stock?
ENVERIC BIOSCIENCES INC (ENVB) has an RSI value of 44.2228. This indicates that the stock is currently neutral.
What is the buy/sell signal for ENVB stock?
The buy/sell signal for ENVERIC BIOSCIENCES INC (ENVB) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for ENVERIC BIOSCIENCES INC (ENVB) stock?
ENVERIC BIOSCIENCES INC (ENVB) has a resistance level at 2.1. Check the full technical report for our detailed analysis of ENVB support and resistance levels.