Technical Analysis for ENBA - Enbridge Inc 6.375% Fixed-to-Floating Rate Subordinated Notes Series 2018-B due 2078

Grade Last Price % Change Price Change
grade C 24.89 -0.12% -0.03
ENBA closed down 0.12 percent on Tuesday, August 4, 2020, on 76 percent of normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical ENBA trend table...

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
Stochastic Sell Signal Bearish 0.00%
Upper Bollinger Band Walk Strength 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Shooting Star Candlestick Bearish -0.12%
Lizard Bearish Bearish Day Trade Setup -0.12%
Narrow Range Bar Range Contraction -0.12%
NR7 Range Contraction -0.12%

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Profile

Enbridge Inc. operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The Gas Transmission and Midstream segment owns interests in natural gas pipelines, and gathering and processing facilities. The Gas Distribution segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as in Quebec and New Brunswick. The Green Power and Transmission segment operates renewable energy assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission facilities in the provinces of Alberta, Ontario, and Quebec, Canada; and in Colorado, Texas, Indiana, and West Virginia, the United States. The Energy Services segment provides energy supply and marketing services to refiners, producers, and other customers; crude oil and NGL marketing services; physical barrel marketing services; natural gas marketing services; and natural gas supply, transportation, balancing, and storage services for third parties. 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 Midstream S&P/Tsx 60 Index Petroleum Industry In Canada Storage Services Natural Gas Pipelines NGL Energy Infrastructure Natural Gas Supply Omers Contract Crude Oil Enbridge Energy Supply

Is ENBA 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 28.33
52 Week Low 13.13
Average Volume 49,497
200-Day Moving Average 25.05
50-Day Moving Average 24.56
20-Day Moving Average 24.58
10-Day Moving Average 24.72
Average True Range 0.28
ADX 6.86
+DI 18.41
-DI 17.90
Chandelier Exit (Long, 3 ATRs ) 24.20
Chandelier Exit (Short, 3 ATRs ) 25.02
Upper Bollinger Band 24.96
Lower Bollinger Band 24.20
Percent B (%b) 0.91
BandWidth 3.11
MACD Line 0.12
MACD Signal Line 0.08
MACD Histogram 0.0348
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 25.27
Resistance 3 (R3) 25.28 25.17 25.21
Resistance 2 (R2) 25.17 25.07 25.16 25.19
Resistance 1 (R1) 25.03 25.01 24.97 25.02 25.17
Pivot Point 24.91 24.91 24.88 24.91 24.91
Support 1 (S1) 24.77 24.81 24.72 24.76 24.61
Support 2 (S2) 24.66 24.75 24.65 24.59
Support 3 (S3) 24.52 24.66 24.57
Support 4 (S4) 24.51