GLOBAL X CANADIAN OIL AND GA (ENCC.CA) Stock Technical Analysis
TSX:ENCC - CA37964B1013 - ETF
10.575 CAD
-0.06 (-0.52%)
We assign a technical rating of 5 out of 10 to ENCC. Although ENCC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, ENCC is a bad performer in the overall market: 76% of all stocks are doing better.
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!
ENCC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENCC is lagging the market.
In the last month ENCC has a been trading in a tight range between 10.34 and 10.75.
ENCC 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
10.09
11.86
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.45 to 10.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.19 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.63 to 10.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 11.73 to 11.74. 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 | UP | POSITIVE | The long term trend for ENCC.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENCC.CA is neutral. |
| ChartMill Relative Strength | 24.68 | NEGATIVE | ENCC.CA has a low relative strength, it was outperformed by 75.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENCC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENCC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENCC.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.89 | NEUTRAL | The RSI value for ENCC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ENCC.CA has a negative trend. |
| Stochastics (14,3) | 58.4 | NEUTRAL | The Stochastics value for ENCC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for ENCC.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for ENCC.CA suggests a weak or negative trend. |
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)
TSX:ENCC (9/5/2025, 7:00:00 PM)
10.575
-0.06 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.52%
1 Week-1.63%
2 Weeks-0.24%
1 Month1.68%
3 Month1.68%
6 Month3.07%
12 Month-1.49%
2 Year-4.9%
3 Year-2.98%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.76%
ATR Inc-14.41%
Range Today0.09
ADR(20)0.07
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.68
Mansfield-0.97
10 Day High10.75
10 Day Low10.53
20 Day High10.75
20 Day Low10.34
52 Week High11.79
52 Week Low8.95
CS1 End10.56
CR1 Start10.63
Volume & EV
DER(3)-9.91%
DER(5)-4.99%
Volume101.36K
Volume Incr13.63%
Vol(5)96.15K
Vol(50)98.89K