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

Grade Last Price % Change Price Change
A 20.790 -0.05% -0.010
ENCL closed down 0.05 percent on Friday, October 11, 2024, on 51 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%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
New 52 Week Closing High Bullish -0.05%
New 52 Week High Strength -0.05%
Gapped Up Strength -0.05%
Overbought Stochastic Strength -0.05%
Outside Day Range Expansion 1.61%
Overbought Stochastic Strength 1.61%
Gapped Down Weakness 1.61%

   Recent Intraday Alerts

Alert Time
New 52 Week High about 22 hours ago
Possible NR7 about 22 hours ago
New 52 Week High 2 days ago
Rose Above Upper Bollinger Band 2 days ago
Up 1 ATR 2 days ago

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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 20.85
52 Week Low 16.3109
Average Volume 121,080
200-Day Moving Average 18.905
50-Day Moving Average 19.607
20-Day Moving Average 19.685
10-Day Moving Average 20.212
Average True Range 0.368
RSI (14) 68.85
ADX 19.66
+DI 38.478
-DI 22.226
Chandelier Exit (Long, 3 ATRs) 19.745
Chandelier Exit (Short, 3 ATRs) 19.585
Upper Bollinger Bands 21.023
Lower Bollinger Band 18.348
Percent B (%b) 0.91
BandWidth 13.589
MACD Line 0.362
MACD Signal Line 0.197
MACD Histogram 0.1652
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.075
Resistance 3 (R3) 21.063 20.957 21.028
Resistance 2 (R2) 20.957 20.884 20.963 21.012
Resistance 1 (R1) 20.873 20.839 20.915 20.885 20.996
Pivot Point 20.767 20.767 20.788 20.773 20.767
Support 1 (S1) 20.683 20.694 20.725 20.695 20.584
Support 2 (S2) 20.577 20.649 20.583 20.568
Support 3 (S3) 20.493 20.577 20.553
Support 4 (S4) 20.505