Technical Analysis for ENB - Enbridge Inc

Grade Last Price % Change Price Change
C 35.52 0.00% 0.00
ENB closed unchanged on Monday, March 18, 2024, on 89 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Doji - Bullish? Reversal 0.00%
Overbought Stochastic Strength 0.00%
Cup with Handle Other -0.42%
Overbought Stochastic Strength -0.42%
Stochastic Sell Signal Bearish -1.72%
Upper Bollinger Band Walk Strength -1.72%
Gapped Up Strength -1.72%
Overbought Stochastic Strength -1.72%
Up 3 Days in a Row Strength -1.72%

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Profile

Enbridge Inc Description

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.


Classification

Sector: Energy
Industry: Oil & Gas Midstream
Keywords: Natural Gas Petroleum Industry Crude Oil Natural Gas Liquids S&P/Tsx 60 Index Energy Services Natural Gas Processing Refined Products Gas Pipeline Natural Gas Pipeline Energy Projects Gas Processing Oil Pipeline Gas Transportation Gas Utility Renewable Energy Projects Natural Gas Transportation Markets Natural Gas Supply Management Customer Services Hydrocarbons Crude Oil Transportation Oil Transportation Transports Crude Oil Natural Gas Supply Energy Transportation Energy Supply Natural Gas Utility Segment Transports Crude Oil Vector Pipeline

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 37.4206
52 Week Low 29.8438
Average Volume 5,803,517
200-Day Moving Average 33.95
50-Day Moving Average 34.99
20-Day Moving Average 35.12
10-Day Moving Average 35.63
Average True Range 0.43
RSI (14) 56.71
ADX 23.08
+DI 26.01
-DI 19.93
Chandelier Exit (Long, 3 ATRs) 35.12
Chandelier Exit (Short, 3 ATRs) 34.61
Upper Bollinger Bands 36.33
Lower Bollinger Band 33.91
Percent B (%b) 0.66
BandWidth 6.90
MACD Line 0.32
MACD Signal Line 0.26
MACD Histogram 0.0682
Fundamentals Value
Market Cap 75.5 Billion
Num Shares 2.13 Billion
EPS 2.11
Price-to-Earnings (P/E) Ratio 16.83
Price-to-Sales 1.67
Price-to-Book 1.79
PEG Ratio 0.76
Dividend 3.55
Dividend Yield 9.99%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 35.85
Resistance 3 (R3) 35.83 35.70 35.80
Resistance 2 (R2) 35.70 35.62 35.71 35.78
Resistance 1 (R1) 35.61 35.56 35.63 35.63 35.76
Pivot Point 35.48 35.48 35.49 35.49 35.48
Support 1 (S1) 35.39 35.40 35.41 35.41 35.28
Support 2 (S2) 35.26 35.34 35.27 35.26
Support 3 (S3) 35.17 35.26 35.25
Support 4 (S4) 35.19