Enable Midstream Partners LP (ENBL) Stock Technical Analysis
NYSE:ENBL - New York Stock Exchange, Inc. -
We assign a technical rating of 1 out of 10 to ENBL. ENBL 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month ENBL has a been trading in the 6.87 - 8.43 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ENBL is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 70% of 213 stocks in the same industry.
When compared to the yearly performance of all other stocks, ENBL outperforms 45% of them, which is more or less in line with the market.
ENBL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ENBL is lagging the market slightly.
The technical rating of ENBL is bad and it also does not present a quality setup 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
6.98
9.47
We can see 6 important resistance areas.
- A resistance zone ranging from 7.38 to 7.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.64 to 7.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.06 to 8.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.33 from a trend line in the daily time frame.
- Resistance @8.59 from a horizontal line in the daily time frame.
- Resistance @9.38 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for ENBL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENBL is down. |
| ChartMill Relative Strength | 45.03 | NEUTRAL | ENBL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENBL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENBL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ENBL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.6 | NEUTRAL | The RSI value for ENBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ENBL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.62 | OVERSOLD | The low Stochastics value suggests ENBL may be oversold. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for ENBL suggests some volalility. |
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)
7.05
+0.1 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.44%
1 Week-8.32%
2 Weeks-8.2%
1 Month-15.16%
3 Month-13.6%
6 Month-23.29%
12 Month15.95%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%3.74%
ATR Inc50.39%
Range Today0.24
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.03
Mansfield-1.33
10 Day High7.75
10 Day Low6.87
20 Day High8.43
20 Day Low6.87
52 Week High9.91
52 Week Low5.04
CS1 EndN/A
CR1 Start7.38
Volume & EV
DER(3)-9.51%
DER(5)-6.55%
Volume702.60K
Volume Incr2.99%
Vol(5)992.92K
Vol(50)748.79K