ENBRIDGE INC (ENB) Technical Analysis
NYSE:ENB • CA29250N1050
Current stock price
ENB Technical Rating and Analysis
Overall ENB gets a technical rating of 4 out of 10. In the last year, ENB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- ENB is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 66% are performing better than ENB.
- In the last month ENB has a been trading in the 51.72 - 55.44 range, which is quite wide. It is currently trading near the lows of this range.
- 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.
- ENB has an average volume of 5222900 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 57% of all stocks.
ENB Weekly and Daily overview Charts
ENB Setup Rating and Analysis
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
ENB Support and Resistance Analysis
44.10
When analyzing the support we can see 3 important areas.
- Support @47.65 from a trend line in the weekly time frame.
- Support @46.39 from a horizontal line 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.
We found 1 important resistance area.
- A resistance zone ranging from 52.38 to 54.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ENB Technical Indicator Signal Analysis
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 | 57.67 | 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) | 34.44 | NEUTRAL | The RSI value for ENB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests ENB has a negative trend. |
| Stochastics (14,3) | 14.55 | OVERSOLD | The low Stochastics value suggests ENB may be oversold. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for ENB suggests low volalility. |
| Average Directional Index/ADX (14) | 25.03 | POSITIVE | The high ADX value value for ENB suggests a strong trend. |
ENB Chart- and CandleStick Pattern Analysis
ENB Technicals: Chart, Performance Metrics, Trend & Indicators
51.85
-0.39 (-0.75%)
ENBRIDGE INC / ENB TA FAQ
What is the technical rating for ENB stock?
ChartMill assigns a technical rating of 4 / 10 to ENB.
What is the trend direction for ENB stock?
The current trend direction for ENBRIDGE INC (ENB) is Bullish.
What is the RSI signal for ENBRIDGE INC (ENB) stock?
ENBRIDGE INC (ENB) has an RSI value of 34.4368. 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 -0.320518, indicating a bearish trend.
What are the support and resistance levels for ENBRIDGE INC (ENB) stock?
ENBRIDGE INC (ENB) has a support level at 47.65 and a resistance level at 52.38. Check the full technical report for our detailed analysis of ENB support and resistance levels.