Technical Analysis for ENCL - Horizons Enhanced Canadian Oil and Gas Equity Covered Call ETF

Grade Last Price % Change Price Change
A 20.260 -0.49% -0.100
ENCL closed down 0.49 percent on Friday, November 15, 2024, on 69 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. 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 Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Pocket Pivot Bullish Swing Setup -0.49%
NR7 Range Contraction -0.49%
Above Upper BB Strength -0.49%
Gapped Up Strength -0.49%

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Horizons Enhanced Canadian Oil and Gas Equity Covered Call ETF Description

Horizons Enhanced Canadian Oil and Gas Equity Covered Call ETF is an exchange traded fund launched and managed by Horizons ETFs Management (Canada) Inc. The fund invests in public equity markets of Canada. It invests directly, through derivatives and through other funds in stocks of companies operating across energy, oil, gas and consumable fuels, oil and gas refining and marketing, petroleum and petroleum products, crude petroleum and natural gas sectors. The fund uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Solactive Equal Weight Canada Oil & Gas Index. Horizons Enhanced Canadian Oil and Gas Equity Covered Call ETF was formed on October 10, 2023 and is domiciled in Canada.


Classification

Keywords: Exchange Traded Funds Energy Oil Petroleum Inverse Exchange Traded Fund Synthetic Replication Horizons Etfs Petroleum Products

Is ENCL 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 20.5477
52 Week Low 16.0744
Average Volume 139,723
200-Day Moving Average 18.978
50-Day Moving Average 19.514
20-Day Moving Average 19.854
10-Day Moving Average 19.934
Average True Range 0.365
RSI (14) 58.68
ADX 11.67
+DI 22.293
-DI 16.670
Chandelier Exit (Long, 3 ATRs) 19.325
Chandelier Exit (Short, 3 ATRs) 20.355
Upper Bollinger Bands 20.368
Lower Bollinger Band 19.341
Percent B (%b) 0.9
BandWidth 5.170
MACD Line 0.125
MACD Signal Line 0.085
MACD Histogram 0.0403
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.665
Resistance 3 (R3) 20.673 20.547 20.598
Resistance 2 (R2) 20.547 20.444 20.543 20.575
Resistance 1 (R1) 20.403 20.380 20.340 20.395 20.552
Pivot Point 20.277 20.277 20.245 20.273 20.277
Support 1 (S1) 20.133 20.174 20.070 20.125 19.968
Support 2 (S2) 20.007 20.110 20.003 19.945
Support 3 (S3) 19.863 20.007 19.923
Support 4 (S4) 19.855