ENBRIDGE INC (ENB)

CA29250N1050 - Common Stock

36.66  +0.33 (+0.91%)

After market: 36.69 +0.03 (+0.08%)

Technical Rating and Analysis

5

Overall ENB gets a technical rating of 5 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ENB is a bad performer.

61% of all other stocks performed better in the past year than ENB.
The long and short term trends are both positive. This is looking good!
ENB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ENB is performing more or less in line with the market.
ENB has an average volume of 4585570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ENB is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, ENB did better than 55% of them.
In the last month ENB has a been trading in a tight range between 35.10 and 36.84.
Weekly and Daily overview Charts
ENB Weekly chart
ENB Daily chart
Setup Rating and Analysis

8

ENB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 37.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.36, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

32.57

38.22

3 important support areas can be observed.

  • A support zone ranging from 35.18 to 36.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 33.92 to 34.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • 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 37.14 to 37.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 37.81 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
CRS39.45
Mansfield-0.72
10 Day High36.84
10 Day Low35.68
20 Day High36.84
20 Day Low35.1
52 Week High38.37
52 Week Low31.03
Performance
1 Week0.33%
2 Weeks1.55%
1 Month3.97%
3 Month2.35%
6 Month2.09%
12 Month0.66%
2 Year-18.41%
3 Year-6.84%
5 Year9.79%
10 Year-25.15%
15 Year-5.61%
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)0.08
RSI(14)60.63
LBB35.42
UBB36.96
ENB Daily chart

ENBRIDGE INC

NYSE:ENB (7/26/2024, 7:27:06 PM)

After market: 36.69 +0.03 (+0.08%)

36.66

+0.33 (+0.91%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.91%
1 Week0.33%
2 Weeks1.55%
1 Month3.97%
3 Month2.35%
6 Month2.09%
12 Month0.66%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.41
ATR(20)%1.17%
ATR Inc
Range Today0.41
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 High36.84
10 Day Low35.68
20 Day High36.84
20 Day Low35.1
52 Week High38.37
52 Week Low31.03
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.06M
Volume Incr1.83%
Vol(5)4.22M
Vol(50)4.59M