ENBRIDGE ENERGY MANAGEMENT LLC (EEQ) Stock Technical Analysis
NYSE:EEQ - New York Stock Exchange, Inc. -
Taking everything into account, EEQ scores 1 out of 10 in our technical rating. EEQ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month EEQ has a been trading in the 10.21 - 11.29 range, which is quite wide. It is currently trading near the lows of this range.
EEQ has an average volume of 2036370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, EEQ turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
EEQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EEQ is lagging the market.
Volume is considerably higher in the last couple of days.
EEQ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
9.52
11.79
When analyzing the support we can see 3 important areas.
- Support @10.50 from a horizontal line in the weekly time frame.
- Support @10.25 from a horizontal line in the daily time frame.
- Support @9.62 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.55 to 11.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.66 to 11.67. 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 EEQ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EEQ is down. |
| ChartMill Relative Strength | 47.27 | NEUTRAL | EEQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EEQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EEQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EEQ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.34 | NEUTRAL | The RSI value for EEQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EEQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.27 | OVERSOLD | The low Stochastics value suggests EEQ may be oversold. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for EEQ suggests some volalility. |
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)
10.51
+0.25 (+2.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.44%
1 Week-0.94%
2 Weeks-4.11%
1 Month-5.14%
3 Month-9.79%
6 Month10.17%
12 Month-19.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%2.99%
ATR Inc21.22%
Range Today0.38
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.27
Mansfield0.58
10 Day High10.95
10 Day Low10.21
20 Day High11.29
20 Day Low10.21
52 Week High14.81
52 Week Low8.38
CS1 End10.5
CR1 Start10.55
Volume & EV
DER(3)1.24%
DER(5)-0.32%
Volume6.40M
Volume Incr-8.97%
Vol(5)2.89M
Vol(50)2.04M