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 8 out of 10. In the last year, ENB was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
When comparing the yearly performance of all stocks, we notice that ENB is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by ENB over the past year are nicely spread over this period.
ENB is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry. ENB outperforms 77% of them.
ENB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ENB is lagging the market slightly.
In the last month ENB has a been trading in the 40.49 - 45.78 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ENB has an average volume of 4038260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Although ENB has an excellent technical rating, the quality of the presented setup is not ideal 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
33.89
45.77
When analyzing the support we can see 5 important areas.
- A support zone ranging from 43.00 to 43.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.89 from a trend line in the daily time frame.
- A support zone ranging from 40.24 to 40.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.91 from a trend line in the weekly time frame.
- Support @34.23 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.07 to 45.32. 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
CRS80.71
Mansfield0.37
10 Day High45.39
10 Day Low40.49
20 Day High45.78
20 Day Low40.49
52 Week High45.78
52 Week Low32.85
Performance
1 Week-1.66%
2 Weeks-3.51%
1 Month1.46%
3 Month3.28%
6 Month12.54%
12 Month27.72%
2 Year16.52%
3 Year1.25%
5 Year16.8%
10 Year-5.86%
15 Year-1.26%
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)-0.2
RSI(14)50.41
LBB43.04
UBB45.62
ENBRIDGE INC
NYSE:ENB (2/4/2025, 8:04:00 PM)
Premarket: 44.19 +0.47 (+1.08%)43.72
+0.8 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.86%
1 Week-1.66%
2 Weeks-3.51%
1 Month1.46%
3 Month3.28%
6 Month12.54%
12 Month27.72%
2 Year16.52%
3 Year1.25%
5 Year16.8%
10 Year-5.86%
15 Year-1.26%
Volatility
ATR(14)0.98
ATR(20)%2.06%
ATR Inc146.11%
Range Today0.62
ADR(20)0.85
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.71
Mansfield0.37
10 Day High45.39
10 Day Low40.49
20 Day High45.78
20 Day Low40.49
52 Week High45.78
52 Week Low32.85
CS1 End43.17
CR1 Start45.07
Volume & EV
DER(3)-0.68%
DER(5)-2.16%
Volume3.38M
Volume Incr14.55%
Vol(5)4.17M
Vol(50)4.04M