ENBRIDGE INC (ENB) Stock Technical Analysis
USA - NYSE:ENB - CA29250N1050 - Common Stock
49.59 USD
+0.02 (+0.04%)
49.6 USD
+0.01 (+0.02%)
Taking everything into account, ENB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ENB is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ENB is one of the better performing stocks in the market, outperforming 77% of all stocks. On top of that, ENB also shows a nice and consistent pattern of rising prices.
ENB is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. ENB outperforms 79% of them.
ENB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
ENB has an average volume of 3596630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ENB has a been trading in a tight range between 47.80 and 50.15.
ENB has an excellent technical rating, but 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
40.10
50.49
We found 6 important support areas.
- A support zone ranging from 48.91 to 49.39. 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 46.23 to 46.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @43.78 from a horizontal line in the daily time frame.
- Support @40.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.60 to 49.99. 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 | UP | POSITIVE | The short term trend for ENB is up. |
| ChartMill Relative Strength | 77.12 | POSITIVE | ENB has a high relative strength, it outperformed 77.12% 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) | 65.3 | NEUTRAL | The RSI value for ENB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ENB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for ENB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for ENB suggests low volalility. |
| Average Directional Index/ADX (14) | 38.34 | 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)
49.59
+0.02 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.04%
1 Week0.26%
2 Weeks1%
1 Month3.72%
3 Month10.74%
6 Month11.54%
12 Month21.81%
2 Year49.41%
3 Year33.67%
5 Year69.83%
10 Year33.56%
15 Year-5.18%
Volatility
ATR(14)0.5
ATR(20)%1.06%
ATR Inc42.59%
Range Today0.56
ADR(20)0.52
ADR(20)%1.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.12
Mansfield0.05
10 Day High50.15
10 Day Low48.68
20 Day High50.15
20 Day Low47.8
52 Week High50.15
52 Week Low39.73
CS1 End49.39
CR1 Start49.6
Volume & EV
DER(3)1.3%
DER(5)-1.01%
Volume3.21M
Volume Incr17.32%
Vol(5)3.60M
Vol(50)3.60M