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GBL X EN CA OIL&GAS EQ C ETF (ENCL.CA) Stock Technical Analysis

TSX:ENCL - Toronto Stock Exchange - CA37963B1022 - ETF - Currency: CAD

18.21  +0.22 (+1.22%)

Technical Rating and Analysis

2

Taking everything into account, ENCL scores 2 out of 10 in our technical rating. In the past year, ENCL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, ENCL is a bad performer in the overall market: 76% of all stocks are doing better.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ENCL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENCL is lagging the market.
In the last month ENCL has a been trading in a tight range between 17.44 and 18.30.
Weekly and Daily overview Charts
GBL X EN CA OIL&GAS EQ C ETF / ENCL Weekly stock chart
GBL X EN CA OIL&GAS EQ C ETF / ENCL Daily stock chart
Setup Rating and Analysis

8

ENCL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.14, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

17.70

21.50

We found 1 important support area.

  • A support zone ranging from 17.88 to 18.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 4 important resistance areas.

  • A resistance zone ranging from 18.22 to 18.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @19.05 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 19.50 to 19.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @21.29 from a horizontal line in the weekly time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for ENCL.CA is down.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ENCL.CA is up.
ChartMill Relative Strength24.82NEGATIVEENCL.CA has a low relative strength, it was outperformed by 75.18% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ENCL.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)DOWNMIXEDThe current price of ENCL.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of ENCL.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)59.9NEUTRALThe RSI value for ENCL.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests ENCL.CA has a positive trend.
Stochastics (14,3)77.52NEUTRALThe Stochastics value for ENCL.CA is a neutral value.
Average True Range in percent/ATR (20)1.25LOW VOLATILITYThe low ATR as a percentage value for ENCL.CA suggests low volalility.
Average Directional Index/ADX (14)12.24NEGATIVEThe low ADX value for ENCL.CA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
GBL X EN CA OIL&GAS EQ C ETF / ENCL Daily stock chart

GBL X EN CA OIL&GAS EQ C ETF

TSX:ENCL (6/11/2025, 7:00:00 PM)

18.21

+0.22 (+1.22%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.22%
1 Week2.36%
2 Weeks1.45%
1 Month2.02%
3 Month-0.98%
6 Month-4.96%
12 Month-5.94%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%1.25%
ATR Inc12.22%
Range Today0.23
ADR(20)0.2
ADR(20)%1.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.82
Mansfield-0.89
10 Day High18.25
10 Day Low17.44
20 Day High18.3
20 Day Low17.44
52 Week High21.18
52 Week Low14.9
CS1 End18.14
CR1 Start18.22
Volume & EV
DER(3)1.33%
DER(5)0.05%
Volume48.51K
Volume Incr18.01%
Vol(5)58.86K
Vol(50)74.96K