ENBRIDGE INC (ENB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ENB - CA29250N1050 - Common Stock
Taking everything into account, ENB scores 1 out of 10 in our technical rating. ENB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ENB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 46.67, a Stop Loss order could be placed below this zone.
More info and screens
46.14
We found 1 important support area.
- A support zone ranging from 46.61 to 46.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 47.13 to 47.74. 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 | DOWN | NEGATIVE | The short term trend for ENB is down. |
| ChartMill Relative Strength | 54.99 | 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) | DOWN | NEGATIVE | The current price of ENB is below a declining 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) | 40.51 | NEUTRAL | The RSI value for ENB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ENB has a negative trend. |
| Stochastics (14,3) | 13.51 | OVERSOLD | The low Stochastics value suggests ENB may be oversold. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for ENB suggests low volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for ENB suggests a weak or negative trend. |
46.74
-0.2 (-0.43%)
ENBRIDGE INC / ENB FAQ
What is the technical rating for ENB stock?
ChartMill assigns a technical rating of 1 / 10 to ENB.
Can you provide the trend direction for ENBRIDGE INC?
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 40.505. This indicates that the stock is currently neutral.
What is the MACD signal for ENB stock?
The MACD indicator for ENBRIDGE INC (ENB) has a value of -0.144352, indicating a bearish trend.
Can you provide the support and resistance levels for ENBRIDGE INC?
ENBRIDGE INC (ENB) has a support level at 46.67 and a resistance level at 47.13. Check the full technical report for our detailed analysis of ENB support and resistance levels.