ENLINK MIDSTREAM PARTNERS LP (ENLK) Stock Technical Analysis
NYSE:ENLK - New York Stock Exchange, Inc. - US29336U1079
We assign a technical rating of 1 out of 10 to ENLK. ENLK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ENLK is a bad performer in the overall market: 91% of all stocks are doing better.
ENLK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ENLK has an average volume of 2263560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ENLK has a been trading in the 10.44 - 14.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of ENLK is bad and it also does not present a quality setup 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
11.93
13.95
2 important resistance areas can be observed.
- A resistance zone ranging from 13.29 to 13.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.81 from a horizontal line in the daily 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 ENLK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ENLK is down. |
| ChartMill Relative Strength | 9.29 | NEGATIVE | ENLK has a low relative strength, it was outperformed by 90.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ENLK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ENLK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENLK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.24 | NEUTRAL | The RSI value for ENLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ENLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.45 | NEUTRAL | The Stochastics value for ENLK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for ENLK suggests high volalility. |
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)
12.05
-0.47 (-3.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.75%
1 Week-7.66%
2 Weeks-8.37%
1 Month7.11%
3 Month-23.97%
6 Month-22.66%
12 Month-34.22%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%5.25%
ATR Inc-8.88%
Range Today0.75
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.29
Mansfield-1.96
10 Day High13.64
10 Day Low11.91
20 Day High14.03
20 Day Low10.44
52 Week High19.45
52 Week Low10.31
CS1 EndN/A
CR1 Start13.29
Volume & EV
DER(3)3.46%
DER(5)4.59%
Volume26.10M
Volume Incr239.61%
Vol(5)6.86M
Vol(50)2.26M