ENBRIDGE INC (ENB) Technical Analysis
NYSE:ENB • CA29250N1050
Current stock price
ENB Technical Rating and Analysis
Taking everything into account, ENB scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ENB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, ENB did better than 80% of all other stocks. On top of that, ENB also shows a nice and consistent pattern of rising prices.
- ENB is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ENB is leading the market.
- ENB has an average volume of 5403780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ENB is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 209 stocks in the same industry.
- In the last month ENB has a been trading in a tight range between 51.77 and 54.70.
ENB Weekly and Daily overview Charts
ENB Setup Rating and Analysis
ENB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 54.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.88, a Stop Loss order could be placed below this zone.
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ENB Support and Resistance Analysis
44.04
We found 3 important support areas.
- A support zone ranging from 53.23 to 53.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.39 to 47.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.48 to 44.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.17 to 54.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
ENB Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for ENB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENB is neutral. |
| ChartMill Relative Strength | 80.54 | POSITIVE | ENB has a high relative strength, it outperformed 80.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.64 | NEUTRAL | The RSI value for ENB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests ENB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.58 | NEUTRAL | The Stochastics value for ENB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for ENB suggests low volalility. |
| Average Directional Index/ADX (14) | 41.38 | POSITIVE | The high ADX value value for ENB suggests a strong trend. |
ENB Chart- and CandleStick Pattern Analysis
ENB Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.56 | 53.22 | 1.34 (2.46%) | 25.00% |
| An entry @54.56. This is a Buy Stop order right above the resistance zone. | An exit @53.22. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.34 points, which is 2.46%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ENB Technicals: Chart, Performance Metrics, Trend & Indicators
54.16
+0.7 (+1.31%)
ENBRIDGE INC / ENB TA FAQ
What is the technical rating for ENB stock?
ChartMill assigns a technical rating of 10 / 10 to ENB.
What is the trend direction for ENB stock?
The current trend direction for ENBRIDGE INC (ENB) is Bullish.
What is the RSI signal for ENB stock?
ENBRIDGE INC (ENB) has an RSI value of 59.6397. This indicates that the stock is currently neutral.
What is the MACD signal for ENBRIDGE INC (ENB) stock?
The MACD indicator for ENBRIDGE INC (ENB) has a value of -0.177259, indicating a bearish trend.