Is Enveric Biosciences, Inc. technically bullish or bearish?

As of 4 September 2025, the technical trend for Enveric Biosciences, Inc. has changed from mildly bearish to bearish. The current technical stance is bearish, with key indicators supporting this view including bearish signals from the daily moving averages, weekly Bollinger Bands, KST, and Dow Theory. Although the MACD shows mildly bullish signals on both weekly and monthly time frames, the overall bearish sentiment prevails. The RSI indicates a bullish stance on the monthly but no signal on the weekly, further contributing to the mixed signals.
In terms of performance, Enveric has significantly underperformed compared to the S&P 500 across all multi-period returns, with a year-to-date decline of 88.28% versus the S&P 500's gain of 12.22%.