Technical Analysis for ENB - Enbridge Inc.

Grade Last Price % Change Price Change
C 47.190 1.16% 0.540
ENB closed up 1.16 percent on Friday, March 1, 2024, on 1.32 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Cup with Handle Other 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
Cup with Handle Other 1.16%
Cup with Handle Other 1.11%
NR7 Range Contraction 1.11%
NR7-2 Range Contraction 1.11%

   Recent Intraday Alerts

Alert Time
Up 1 ATR 1 day ago
Up 1% 2 days ago
Rose Above 50 DMA 2 days ago
Rose Above Previous Day's High 2 days ago
10 DMA Support 2 days ago

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Profile

Enbridge Inc. Description

Enbridge Inc. is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System. Gas Distribution consists of its natural gas utility operations, the core of which is Enbridge Gas Distribution Inc. Green Power and Transmission consists of its investments in renewable energy assets and transmission facilities. Renewable energy assets consist of wind, solar, geothermal and waste heat recovery facilities in Canada. Energy Services undertake physical commodity marketing activity and logistical services, and oversee refinery supply services.


Classification

Sector: Energy
Industry: Oil & Gas Midstream
Keywords: Energy Oil Natural Gas Marketing S&P/Tsx 60 Index Transport Pipe Transportation Pipeline Crude Oil Liquids Waste Renewable Energy Natural Gas Liquids Solar Energy Services Oil Sands Energy Industry Commodity Natural Gas Processing Terminals Commodity Market Refined Products Enbridge Energy Assets Energy Transportation Gas Utility Pipeline System Transcanada Corporation

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 50.1911
52 Week Low 41.1092
Average Volume 7,209,911
200-Day Moving Average 45.692
50-Day Moving Average 46.964
20-Day Moving Average 46.212
10-Day Moving Average 46.769
Average True Range 0.581
RSI (14) 57.45
ADX 15.58
+DI 20.732
-DI 15.203
Chandelier Exit (Long, 3 ATRs) 45.732
Chandelier Exit (Short, 3 ATRs) 46.590
Upper Bollinger Bands 47.531
Lower Bollinger Band 44.893
Percent B (%b) 0.87
BandWidth 5.709
MACD Line 0.035
MACD Signal Line -0.095
MACD Histogram 0.1305
Fundamentals Value
Market Cap 95.57 Billion
Num Shares 2.03 Billion
EPS 0.96
Price-to-Earnings (P/E) Ratio 49.16
Price-to-Sales 2.01
Price-to-Book 1.45
PEG Ratio 3.20
Dividend 3.24
Dividend Yield 6.87%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 48.060
Resistance 3 (R3) 47.997 47.643 47.915
Resistance 2 (R2) 47.643 47.422 47.675 47.867
Resistance 1 (R1) 47.417 47.285 47.530 47.480 47.818
Pivot Point 47.063 47.063 47.120 47.095 47.063
Support 1 (S1) 46.837 46.842 46.950 46.900 46.562
Support 2 (S2) 46.483 46.705 46.515 46.513
Support 3 (S3) 46.257 46.483 46.465
Support 4 (S4) 46.320