EnLink Midstream LLC (ENLC) Stock Technical Analysis
NYSE:ENLC - New York Stock Exchange, Inc. - US29336T1007 - Currency: USD
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.
In the last month ENLC has a been trading in the 14.03 - 15.63 range, which is quite wide. It is currently trading near the lows of this range.
ENLC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 80% of 213 stocks in the same industry.
ENLC has an average volume of 5446190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, ENLC outperforms 68% of them, which is more or less in line with the market.
ENLC 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 ENLC is lagging the market slightly.
Volume is considerably higher in the last couple of days.
ENLC has a poor technical rating and the quality of the setup is also not perfect 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
16.18
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.
3 important resistance areas can be observed.
- 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. |
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)
14.12
-0.03 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.21%
1 Week-4.4%
2 Weeks-6.18%
1 Month-0.56%
3 Month-4.01%
6 Month8.7%
12 Month19.66%
2 Year11.01%
3 Year77.39%
5 Year180.72%
10 Year-55.37%
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%2.46%
ATR Inc-9.63%
Range Today0.28
ADR(20)0.33
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.52
Mansfield-0.79
10 Day High15.63
10 Day Low14.03
20 Day High15.63
20 Day Low14.03
52 Week High16.4
52 Week Low11.55
CS1 End14.1
CR1 Start14.16
Volume & EV
DER(3)1.17%
DER(5)0.82%
Volume95.12M
Volume Incr933.15%
Vol(5)26.83M
Vol(50)5.45M