ENBRIDGE INC (ENB)
CA29250N1050 - Common Stock
We assign a technical rating of 1 out of 10 to ENB. ENB'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.
When comparing the yearly performance of all stocks, ENB is a bad performer in the overall market: 69% of all stocks are doing better.
ENB is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 76% of 217 stocks in the same industry do better.
ENB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ENB is lagging the market.
In the last month ENB has a been trading in the 32.90 - 35.68 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.
ENB has an average volume of 5836060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.77
Mansfield-1.39
10 Day High35.45
10 Day Low33.69
20 Day High35.68
20 Day Low32.9
52 Week High42.12
52 Week Low32.9
Performance
1 Week-1.62%
2 Weeks2.92%
1 Month0.99%
3 Month-4.61%
6 Month-6.02%
12 Month-9.23%
Although the technical rating is bad, ENB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 35.34. Right above this resistance zone may be a good entry point.
More info and screens
34.17
38.11
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.34 to 35.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.45 to 37.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
ENBRIDGE INC
NYSE:ENB (9/22/2023, 7:04:00 PM)
After market: 34.6952 +0.18 (+0.51%)34.52
+0.22 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.64%
1 Week-1.62%
2 Weeks2.92%
1 Month0.99%
3 Month-4.61%
6 Month-6.02%
12 Month-9.23%
Volatility
ATR(14)0.67
ATR(20)%1.73%
ATR Inc-14.92%
Range Today0.45
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.77
Mansfield-1.39
10 Day High35.45
10 Day Low33.69
20 Day High35.68
20 Day Low32.9
52 Week High42.12
52 Week Low32.9
CS1 EndN/A
CR1 Start35.34
Volume & EV
DER(3)-4.53%
DER(5)-1.01%
Volume4.44M
Volume Incr-33.31%
Vol(5)4.59M
Vol(50)5.84M