Enable Midstream Partners LP (ENBL) Technical Analysis
NYSE:ENBL
Current stock price
ENBL Technical Rating and Analysis
Taking everything into account, ENBL scores 1 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- ENBL is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 80% of 207 stocks in the same industry do better.
- 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.
- 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.
ENBL Weekly and Daily overview Charts
ENBL Setup Rating and Analysis
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
ENBL Support and Resistance Analysis
6.98
6 important resistance areas can be observed.
- 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.
ENBL 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 | 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. |
ENBL Chart- and CandleStick Pattern Analysis
ENBL Technicals: Chart, Performance Metrics, Trend & Indicators
7.05
+0.1 (+1.44%)
Enable Midstream Partners LP / ENBL TA FAQ
What is the ChartMill technical rating of Enable Midstream Partners LP (ENBL) stock?
ChartMill assigns a technical rating of 1 / 10 to ENBL.
What is the trend direction for ENBL stock?
The current trend direction for Enable Midstream Partners LP (ENBL) is Bearish.
Can you provide the RSI signal for Enable Midstream Partners LP?
Enable Midstream Partners LP (ENBL) has an RSI value of 30.6046. This indicates that the stock is currently neutral.
What is the MACD signal for ENBL stock?
The MACD indicator for Enable Midstream Partners LP (ENBL) has a value of -0.0649985, indicating a bearish trend.
Can you provide the short term momentum for Enable Midstream Partners LP?
The short term momentum for Enable Midstream Partners LP (ENBL) is negative.