ENBRIDGE INC (ENB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ENB - CA29250N1050 - Common Stock
Overall ENB gets a technical rating of 5 out of 10. In the past year, ENB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- ENB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ENB is lagging the market slightly.
- In the last month ENB has a been trading in the 45.02 - 48.28 range, which is quite wide. It is currently trading near the high of this range.
- ENB has an average volume of 4221880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ENB outperforms 51% of them, which is more or less in line with the market.
- ENB is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 49% of 207 stocks in the same industry.
ENB has an average technical rating and also the quality of the setup is only medium 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
44.10
We found 2 important support areas.
- A support zone ranging from 46.37 to 46.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 44.55 to 45.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 47.41 to 47.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @48.71 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ENB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB is up. |
| ChartMill Relative Strength | 51.04 | NEUTRAL | ENB is not amongst the best or worst performers 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 | 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) | 53.4 | NEUTRAL | The RSI value for ENB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ENB has a positive trend. |
| Stochastics (14,3) | 71.02 | NEUTRAL | The Stochastics value for ENB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for ENB suggests low volalility. |
| Average Directional Index/ADX (14) | 16.32 | NEGATIVE | The low ADX value for ENB suggests a weak or negative trend. |
47.29
+0.16 (+0.34%)
ENBRIDGE INC / ENB FAQ
What is the technical rating for ENB stock?
ChartMill assigns a technical rating of 5 / 10 to ENB.
What is the trend direction for ENB stock?
The current trend direction for ENBRIDGE INC (ENB) is Bearish.
What is the RSI signal for ENB stock?
ENBRIDGE INC (ENB) has an RSI value of 53.4017. 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 0.145201, indicating a bearish trend.