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

Grade Last Price % Change Price Change
B 19.650 1.08% 0.210
ENCL closed up 1.08 percent on Friday, March 1, 2024, on 1.25 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Up Up

Date Alert Name Type % Chg
New Uptrend Bullish 0.00%
Overbought Stochastic Strength 0.00%
Overbought Stochastic Strength 1.08%
Outside Day Range Expansion 2.40%
Gapped Up Strength 2.40%
Overbought Stochastic Strength 2.40%
Stochastic Sell Signal Bearish 2.34%
Pocket Pivot Bullish Swing Setup 2.34%
NR7 Range Contraction 2.34%
Narrow Range Bar Range Contraction 2.34%

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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.


Keywords: Exchange Traded Funds Energy Oil Inverse Exchange Traded Fund Petroleum 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


Indicator Value
52 Week High 21.2786
52 Week Low 17.5253
Average Volume 43,279
200-Day Moving Average 0.000
50-Day Moving Average 18.499
20-Day Moving Average 18.494
10-Day Moving Average 19.097
Average True Range 0.286
RSI (14) 73.40
ADX 25.84
+DI 37.287
-DI 13.092
Chandelier Exit (Long, 3 ATRs) 18.904
Chandelier Exit (Short, 3 ATRs) 18.382
Upper Bollinger Bands 19.817
Lower Bollinger Band 17.172
Percent B (%b) 0.94
BandWidth 14.302
MACD Line 0.296
MACD Signal Line 0.152
MACD Histogram 0.1441
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.085
Resistance 3 (R3) 20.073 19.917 20.013
Resistance 2 (R2) 19.917 19.806 19.923 19.988
Resistance 1 (R1) 19.783 19.737 19.850 19.795 19.964
Pivot Point 19.627 19.627 19.660 19.633 19.627
Support 1 (S1) 19.493 19.516 19.560 19.505 19.336
Support 2 (S2) 19.337 19.447 19.343 19.312
Support 3 (S3) 19.203 19.337 19.288
Support 4 (S4) 19.215