Technical Analysis for ENSC - Ensysce Biosciences, Inc.

Grade Last Price % Change Price Change
B 0.65 12.85% 0.07
ENSC closed up 12.85 percent on Friday, November 1, 2024, on 4.56 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
Earnings due: Nov 7
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Crossed Above 200 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Calm After Storm Range Contraction 0.00%
Wide Range Bar Range Expansion 0.00%
Parabolic Rise Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%

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Profile

Ensysce Biosciences, San Diego, CA is a clinical-stage biotech company using its proprietary technology platforms to develop safer prescription drugs. Leveraging its Trypsin Activated Abuse Protection (TAAP™) and Multi-Pill Abuse Resistance (MPAR™) platforms, the Company is developing a new class of powerful, tamper-proof opioids that prevent both drug abuse and overdoses. Ensysce’s products are anticipated to provide safer options to treat severe pain and assist in preventing deaths caused by opioid abuse, reducing the human and economic cost. The platforms are covered by an extensive worldwide intellectual property portfolio for a wide array of prescription drug compositions.
Classification

Sector: Industrials
Industry: Conglomerates
Keywords: Pain Health Sciences Pharmacy Psychoactive Drugs Opioids Heroin Morphine Opioid Use Disorder Drug Culture

Is ENSC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 2.06
52 Week Low 0.1412
Average Volume 31,353,719
200-Day Moving Average 0.61
50-Day Moving Average 0.33
20-Day Moving Average 0.31
10-Day Moving Average 0.44
Average True Range 0.12
RSI (14) 68.25
ADX 43.68
+DI 59.37
-DI 8.81
Chandelier Exit (Long, 3 ATRs) 0.52
Chandelier Exit (Short, 3 ATRs) 0.49
Upper Bollinger Bands 0.64
Lower Bollinger Band -0.02
Percent B (%b) 1.01
BandWidth 211.46
MACD Line 0.07
MACD Signal Line 0.03
MACD Histogram 0.0469
Fundamentals Value
Market Cap 2.04 Million
Num Shares 3.15 Million
EPS -1.86
Price-to-Earnings (P/E) Ratio -0.35
Price-to-Sales 1.15
Price-to-Book 2.50
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.08
Resistance 3 (R3) 1.11 0.99 1.01
Resistance 2 (R2) 0.99 0.88 0.98 0.99
Resistance 1 (R1) 0.82 0.81 0.90 0.79 0.96
Pivot Point 0.70 0.70 0.74 0.69 0.70
Support 1 (S1) 0.53 0.59 0.62 0.51 0.34
Support 2 (S2) 0.41 0.52 0.40 0.31
Support 3 (S3) 0.24 0.41 0.29
Support 4 (S4) 0.22