EnLink Midstream LLC (ENLC) Stock Technical Analysis
USA - NYSE:ENLC - US29336T1007
We assign a technical rating of 1 out of 10 to ENLC. ENLC 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.
ENLC has a poor technical rating and the quality of the setup is also only medium 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
12.16
We found 4 important support areas.
- A support zone ranging from 14.08 to 14.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.65 to 13.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @13.12 from a trend line in the weekly time frame.
- Support @12.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @14.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 14.61 to 14.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.02 to 16.02. 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 | NEUTRAL | NEUTRAL | The long term trend for ENLC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENLC is down. |
| ChartMill Relative Strength | 68.52 | NEUTRAL | ENLC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENLC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENLC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENLC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.72 | NEUTRAL | The RSI value for ENLC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ENLC has a negative trend. |
| Stochastics (14,3) | 7.08 | OVERSOLD | The low Stochastics value suggests ENLC may be oversold. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for ENLC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.49 | NEUTRAL | The ADX value for ENLC suggests a possible start of a new trend. |
14.12
-0.03 (-0.21%)
EnLink Midstream LLC / ENLC FAQ
Can you provide the ChartMill technical rating for EnLink Midstream LLC?
ChartMill assigns a technical rating of 1 / 10 to ENLC.
What is the trend direction for ENLC stock?
The current trend direction for EnLink Midstream LLC (ENLC) is Bearish.
What is the RSI signal for ENLC stock?
EnLink Midstream LLC (ENLC) has an RSI value of 38.7234. This indicates that the stock is currently neutral.
What is the MACD signal for EnLink Midstream LLC (ENLC) stock?
The MACD indicator for EnLink Midstream LLC (ENLC) has a value of -0.0801987, indicating a bearish trend.
Can you provide the support and resistance levels for EnLink Midstream LLC?
EnLink Midstream LLC (ENLC) has a support level at 14.1 and a resistance level at 14.16. Check the full technical report for our detailed analysis of ENLC support and resistance levels.