GBL X EN CA OIL&GAS EQ C ETF (ENCL.CA) Stock Technical Analysis
TSX:ENCL - Toronto Stock Exchange - CA37963B1022 - ETF - Currency: CAD
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.
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.
More info and screens
17.70
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.
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 ENCL.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENCL.CA is up. |
| ChartMill Relative Strength | 24.82 | NEGATIVE | ENCL.CA has a low relative strength, it was outperformed by 75.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENCL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ENCL.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENCL.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.9 | NEUTRAL | The RSI value for ENCL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ENCL.CA has a positive trend. |
| Stochastics (14,3) | 77.52 | NEUTRAL | The Stochastics value for ENCL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for ENCL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.24 | NEGATIVE | The low ADX value for ENCL.CA suggests a weak or negative trend. |
TSX:ENCL (6/11/2025, 7:00:00 PM)
18.21
+0.22 (+1.22%)