ENBRIDGE INC (ENB) Stock Technical Analysis
USA - NYSE:ENB - CA29250N1050 - Common Stock
47.21 USD
+0.13 (+0.28%)
47.21 USD
0 (0%)
Overall ENB gets a technical rating of 4 out of 10. ENB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month ENB has a been trading in the 46.74 - 50.54 range, which is quite wide. It is currently trading near the lows of this range.
ENB is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 76% of 211 stocks in the same industry.
ENB has an average volume of 3373950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, ENB turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
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.
ENB has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
44.09
50.97
3 important support areas can be observed.
- Support @46.93 from a trend line in the daily time frame.
- Support @45.45 from a horizontal line in the daily time frame.
- A support zone ranging from 44.54 to 44.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 47.24 to 48.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.08 to 50.47. 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 | UP | POSITIVE | The long term trend for ENB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENB is down. |
| ChartMill Relative Strength | 68.43 | NEUTRAL | ENB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ENB is below 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) | 34.88 | NEUTRAL | The RSI value for ENB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests ENB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.6 | OVERSOLD | The low Stochastics value suggests ENB may be oversold. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for ENB suggests low volalility. |
| Average Directional Index/ADX (14) | 32.07 | POSITIVE | The high ADX value value for ENB suggests a strong trend. |
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)
47.21
+0.13 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.28%
1 Week-1.11%
2 Weeks-5.14%
1 Month-4.03%
3 Month4.98%
6 Month2.21%
12 Month15.32%
2 Year47.35%
3 Year21.21%
5 Year71.3%
10 Year10.59%
15 Year-14.78%
Volatility
ATR(14)0.69
ATR(20)%1.46%
ATR Inc-33.01%
Range Today0.44
ADR(20)0.69
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.43
Mansfield-0.58
10 Day High49.85
10 Day Low46.74
20 Day High50.54
20 Day Low46.74
52 Week High50.54
52 Week Low39.73
CS1 End46.93
CR1 Start47.24
Volume & EV
DER(3)1.13%
DER(5)1.73%
Volume2.23M
Volume Incr-17.74%
Vol(5)2.75M
Vol(50)3.37M