ENBRIDGE INC (ENB) Stock Technical Analysis
NYSE:ENB - New York Stock Exchange, Inc. - CA29250N1050 - Common Stock - Currency: USD
Overall ENB gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ENB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ENB did better than 90% of all other stocks. On top of that, ENB also shows a nice and consistent pattern of rising prices.
ENB is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 88% of 212 stocks in the same industry.
ENB is currently trading near its 52 week high, which is a good sign. Certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
In the last month ENB has a been trading in the 39.73 - 46.12 range, which is quite wide. It is currently trading near the high of this range.
ENB has an average volume of 4209130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ENB has an excellent technical rating, but the quality of the setup is 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
38.59
45.91
4 important support areas can be observed.
- A support zone ranging from 43.31 to 43.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.08 to 41.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @40.24 from a horizontal line in the daily time frame.
- Support @38.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.31 to 45.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.23
Mansfield2.16
10 Day High45.82
10 Day Low39.73
20 Day High46.12
20 Day Low39.73
52 Week High46.12
52 Week Low34.6
Performance
1 Week4.05%
2 Weeks3.78%
1 Month2.55%
3 Month-0.16%
6 Month9.89%
12 Month25.6%
2 Year13.15%
3 Year3.09%
5 Year46.64%
10 Year-14.03%
15 Year-6.87%
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)
Technical Indicators
MACD(12,26,9)0.19
RSI(14)58.99
LBB40.82
UBB46.54
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.47 | 43.30 | 2.17 (4.77%) | 20.95% |
| An entry @45.47. This is a Buy Stop order right above the resistance zone. | An exit @43.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.17 points, which is 4.77%. | For a 1.00% total portfolio risk, you can invest 20.95% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ENB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.99
-0.38 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.84%
1 Week4.05%
2 Weeks3.78%
1 Month2.55%
3 Month-0.16%
6 Month9.89%
12 Month25.6%
2 Year13.15%
3 Year3.09%
5 Year46.64%
10 Year-14.03%
15 Year-6.87%
Volatility
ATR(14)1.48
ATR(20)%2.67%
ATR Inc-20.05%
Range Today0.99
ADR(20)1.13
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.23
Mansfield2.16
10 Day High45.82
10 Day Low39.73
20 Day High46.12
20 Day Low39.73
52 Week High46.12
52 Week Low34.6
CS1 End43.89
CR1 Start45.31
Volume & EV
DER(3)-0.67%
DER(5)-1.12%
Volume3.45M
Volume Incr-0.74%
Vol(5)3.78M
Vol(50)4.21M