ENBRIDGE INC (ENB)

CA29250N1050 - Common Stock

35.8  +0.33 (+0.93%)

Technical Rating and Analysis

0

Overall ENB gets a technical rating of 0 out of 10. ENB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

66% of all other stocks performed better in the past year than ENB.
ENB is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 66% of 212 stocks in the same industry do better.
ENB has an average volume of 6128350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ENB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENB is lagging the market.
In the last month ENB has a been trading in a tight range between 35.30 and 37.24.
Weekly and Daily overview Charts
ENB Weekly chart
ENB Daily chart
Setup Rating and Analysis

6

Although the technical rating is bad, ENB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 35.23, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

32.57

38.22

3 important support areas can be observed.

  • A support zone ranging from 34.23 to 35.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @33.44 from a trend line in the daily time frame.
  • Support @32.90 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 35.86 to 36.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 37.21 to 37.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.21
Mansfield-1.14
10 Day High36.62
10 Day Low35.3
20 Day High37.24
20 Day Low35.3
52 Week High38.37
52 Week Low31.03
Performance
1 Week-1.55%
2 Weeks-1.77%
1 Month-6.24%
3 Month-0.14%
6 Month0.25%
12 Month-5.36%
2 Year-16.07%
3 Year-11.41%
5 Year-1.69%
10 Year-25.28%
15 Year2.13%
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)
Technical Indicators
MACD(12,26,9)-0.13
RSI(14)40.71
LBB35.37
UBB36.74
ENB Daily chart

ENBRIDGE INC

NYSE:ENB (6/12/2024, 10:00:00 AM)

35.8

+0.33 (+0.93%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.93%
1 Week-1.55%
2 Weeks-1.77%
1 Month-6.24%
3 Month-0.14%
6 Month0.25%
12 Month-5.36%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.45
ATR(20)%1.29%
ATR Inc
Range Today0.23
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High36.62
10 Day Low35.3
20 Day High37.24
20 Day Low35.3
52 Week High38.37
52 Week Low31.03
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume920.13K
Volume Incr-26.2%
Vol(5)4.45M
Vol(50)6.13M