Technical Analysis for ENB - Enbridge Inc

Grade Last Price % Change Price Change
grade F 30.37 -0.85% -0.26
ENB closed up 1.36 percent on Thursday, July 2, 2020, on 51 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Flat
Historical ENB trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish -0.85%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -0.85%
NR7 Range Contraction -0.85%
Doji - Bearish? Reversal -0.85%
180 Bearish Setup Bearish Swing Setup 0.50%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.50%
Oversold Stochastic Weakness 0.50%
Multiple of Ten Bullish Other -0.16%
Oversold Stochastic Weakness -0.16%
Stochastic Buy Signal Bullish 0.26%

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Profile

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The company's Gas Distribution segment operates as a natural gas utility serving residential, commercial, and industrial customers in central and eastern Ontario, and northern New York State, as well as in Quebec and New Brunswick. Its Gas Pipelines, Processing, and Energy Services segment invests in natural gas pipelines, including the United States portion of the Alliance System, the Vector Pipeline, and transmission and gathering pipelines in the Gulf of Mexico; natural gas processing comprising Aux Sable, a natural gas extraction and fractionation business located near Chicago; and renewable energy projects, such as wind, solar, and geothermal projects with approximately 800 mega watts of generating capacity located in Quebec, Colorado, Nevada, and Oregon. This segment also provides energy supply and marketing services to refiners, producers, and other customers; customer services for crude oil and NGL, such as transportation, storage, supply management, flexible pricing, hedging programs, and product exchanges; and natural gas supply, transportation, balancing, and storage to third parties. The company's Sponsored Investments segment transports crude oil and other liquid hydrocarbons through common carrier and feeder pipelines; and transports, gathers, processes, and markets natural gas and NGL. This segment is also involved in the generation, transportation, and storage of energy with a renewable and alternative power generation capacity of 579 MW; crude oil transportation and storage; and natural gas transportation. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
Energy Transportation Natural Gas Petroleum Industry Crude Oil Natural Gas Liquids S&P/Tsx 60 Index Natural Gas Processing Enterprise Products NGL Natural Gas Pipelines Renewable Energy Projects Transcanada Corporation Natural Gas Transportation Markets Natural Gas Supply Management Energy Transportation Vector Pipeline Natural Gas Supply Natural Gas Utility Oil Pipelines

Is ENB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 43.15
52 Week Low 22.57
Average Volume 3,741,156
200-Day Moving Average 35.02
50-Day Moving Average 31.39
20-Day Moving Average 31.26
10-Day Moving Average 30.47
Average True Range 0.90
ADX 17.33
+DI 21.10
-DI 26.42
Chandelier Exit (Long, 3 ATRs ) 31.30
Chandelier Exit (Short, 3 ATRs ) 32.22
Upper Bollinger Band 33.52
Lower Bollinger Band 29.00
Percent B (%b) 0.36
BandWidth 14.44
MACD Line -0.40
MACD Signal Line -0.29
MACD Histogram -0.118
Fundamentals Value
Market Cap 50.41 Billion
Num Shares 1.65 Billion
EPS 1.27
Price-to-Earnings (P/E) Ratio 24.12
Price-to-Sales 1.89
Price-to-Book 1.48
PEG Ratio 4.65
Dividend 1.96
Dividend Yield 6.40%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.43
Resistance 3 (R3) 31.49 31.29 31.29
Resistance 2 (R2) 31.29 31.09 31.26 31.25
Resistance 1 (R1) 30.96 30.96 30.86 30.90 31.20
Pivot Point 30.76 30.76 30.71 30.73 30.76
Support 1 (S1) 30.43 30.56 30.33 30.37 30.06
Support 2 (S2) 30.23 30.43 30.20 30.01
Support 3 (S3) 29.90 30.23 29.97
Support 4 (S4) 29.84