ENBRIDGE INC (ENB)

CA29250N1050 - Common Stock

42.43  +0.31 (+0.74%)

After market: 42.45 +0.02 (+0.05%)

Technical Rating and Analysis

5

Taking everything into account, ENB scores 5 out of 10 in our technical rating. ENB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ENB is part of the Oil, Gas & Consumable Fuels industry. There are 205 other stocks in this industry. ENB outperforms 74% of them.
ENB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ENB is performing more or less in line with the market.
ENB has an average volume of 4033750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ENB is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month ENB has a been trading in the 40.35 - 44.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
ENB Weekly chart
ENB Daily chart
Setup Rating and Analysis

6

ENB has an average technical rating and also 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.

Support and Resistance Analysis

33.89

44.37

4 important support areas can be observed.

  • A support zone ranging from 41.58 to 42.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 40.24 to 40.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @37.43 from a trend line in the weekly time frame.
  • Support @34.23 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 43.39 to 43.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.32
Mansfield0.34
10 Day High42.45
10 Day Low40.35
20 Day High44.14
20 Day Low40.35
52 Week High44.14
52 Week Low32.85
Performance
1 Week1.51%
2 Weeks2.17%
1 Month-2.14%
3 Month3.29%
6 Month19.15%
12 Month15.61%
2 Year8.52%
3 Year8.57%
5 Year6.69%
10 Year-17.47%
15 Year-8.2%
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)0.04
RSI(14)54.96
LBB40.62
UBB42.76
ENB Daily chart

ENBRIDGE INC

NYSE:ENB (12/31/2024, 8:20:43 PM)

After market: 42.45 +0.02 (+0.05%)

42.43

+0.31 (+0.74%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.74%
1 Week1.51%
2 Weeks2.17%
1 Month-2.14%
3 Month3.29%
6 Month19.15%
12 Month15.61%
2 Year8.52%
3 Year8.57%
5 Year6.69%
10 Year-17.47%
15 Year-8.2%
Volatility
ATR(14)0.55
ATR(20)%1.39%
ATR Inc-9.29%
Range Today0.33
ADR(20)0.58
ADR(20)%1.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.32
Mansfield0.34
10 Day High42.45
10 Day Low40.35
20 Day High44.14
20 Day Low40.35
52 Week High44.14
52 Week Low32.85
CS1 End42.13
CR1 Start43.39
Volume & EV
DER(3)4.63%
DER(5)2.47%
Volume1.65M
Volume Incr-66.44%
Vol(5)1.59M
Vol(50)4.03M