ENBRIDGE INC (ENB)

CA29250N1050 - Common Stock

36.2  +0.21 (+0.58%)

Technical Rating and Analysis

4

Taking everything into account, ENB scores 4 out of 10 in our technical rating. ENB was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

71% of all other stocks performed better in the past year than ENB.
ENB is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 67% are performing better than ENB.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ENB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ENB has an average volume of 5876970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Weekly and Daily overview Charts
ENB Weekly chart
ENB Daily chart
Setup Rating and Analysis

8

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.

Support and Resistance Analysis

32.57

37.69

We found 3 important support areas.

  • A support zone ranging from 35.23 to 36.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @34.09 from a trend line in the daily time frame.
  • Support @32.90 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 36.85 to 37.32. 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
CRS29.89
Mansfield-1.33
10 Day High36.23
10 Day Low35.35
20 Day High36.41
20 Day Low34.34
52 Week High40.3
52 Week Low31.03
Performance
1 Week-0.28%
2 Weeks-0.42%
1 Month4.68%
3 Month-0.08%
6 Month8.44%
12 Month-5.66%
2 Year-21.91%
3 Year-1.13%
5 Year-0.74%
10 Year-20.92%
15 Year24.97%
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)0.02
RSI(14)57.19
LBB35.37
UBB36.27
ENB Daily chart

ENBRIDGE INC

NYSE:ENB (3/28/2024, 1:58:04 PM)

36.2

+0.21 (+0.58%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.58%
1 Week-0.28%
2 Weeks-0.42%
1 Month4.68%
3 Month-0.08%
6 Month8.44%
12 Month-5.66%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.42
ATR(20)%1.19%
ATR Inc
Range Today0.26
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 High36.23
10 Day Low35.35
20 Day High36.41
20 Day Low34.34
52 Week High40.3
52 Week Low31.03
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.69M
Volume Incr-23.36%
Vol(5)3.88M
Vol(50)5.88M