ENBRIDGE INC

9.32 USD (+0.43%)

03/26/2025 - 22:16 Open 15 min delayed data - NYSE Stocks

Open:	9.30
Change:	+0.04
Volume:	0

Low:	9.20
High:	9.50
High / Low range:	0.30

Type:	Stocks
Ticker:	ENB
ISIN:	CA29250N1050

ENBRIDGE INC - Daily - Technical analysis published on 07/25/2024 (GMT)

133
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07/25/2024 - 15:35
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Timeframe : Daily
- Analysis generated on 07/25/2024 - 15:35
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 35.62 USD

My targets

37.21 USD (+1.81%)

37.89 USD (+3.67%)

My analysis

ENBRIDGE INC is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 35.62 USD. The next resistance located at 37.21 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 37.89 USD. After this resistance, buyers could then target 40.56 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The ENBRIDGE INC price is 36.55 USD. On the day, this instrument lost -0.06% and was traded between 36.43 USD and 36.65 USD over the period. The price is currently at +0.33% from its lowest and -0.27% from its highest.

36.43

36.65

36.55

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ENBRIDGE INC chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	34.70	35.62	36.16	36.55	37.21	37.89	40.56
Change (%)	-5.06%	-2.54%	-1.07%	-	+1.81%	+3.67%	+10.97%
Change	-1.85	-0.93	-0.39	-	+0.66	+1.34	+4.01
Level	Major	Major	Minor	-	Minor	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.94	36.16	36.36	36.58	36.78	37.00	37.20
Camarilla	36.46	36.49	36.53	36.57	36.61	36.65	36.69
Woodie	35.94	36.16	36.36	36.58	36.78	37.00	37.20
Fibonacci	36.16	36.32	36.42	36.58	36.74	36.84	37.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.91	35.29	35.92	36.30	36.93	37.31	37.94
Camarilla	36.26	36.36	36.45	36.54	36.63	36.73	36.82
Woodie	35.03	35.35	36.04	36.36	37.05	37.37	38.06
Fibonacci	35.29	35.68	35.92	36.30	36.69	36.93	37.31

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.59	33.60	34.59	35.60	36.59	37.60	38.59
Camarilla	35.04	35.22	35.41	35.59	35.77	35.96	36.14
Woodie	32.59	33.60	34.59	35.60	36.59	37.60	38.59
Fibonacci	33.60	34.36	34.83	35.60	36.36	36.83	37.60

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.26
MACD (12,26,9):	0.2500
Directional Movement:	11.53
AROON (14):	64.28
DEMA (21):	36.34
Parabolic SAR (0,02-0,02-0,2):	35.93
Elder Ray (13):	0.32
Super Trend (3,10):	35.37
Zig ZAG (10):	36.48
VORTEX (21):	1.1600
Stochastique (14,3,5):	80.89
TEMA (21):	36.60
Williams %R (14):	-20.46
Chande Momentum Oscillator (20):	1.10
Repulse (5,40,3):	-0.1000
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	5.03

MA7:	36.47
MA20:	35.95
MA50:	35.91
MA100:	35.77
MAexp7:	36.42
MAexp20:	36.07
MAexp50:	35.88
MAexp100:	35.72
Price / MA7:	+0.22%
Price / MA20:	+1.67%
Price / MA50:	+1.78%
Price / MA100:	+2.18%
Price / MAexp7:	+0.36%
Price / MAexp20:	+1.33%
Price / MAexp50:	+1.87%
Price / MAexp100:	+2.32%

Quotes : 07/25/2024 - 15:19 - 15 min delayed data - NYSE Stocks

News

The last news published on ENBRIDGE INC at the time of the generation of this analysis was as follows:

07/18/2024 - 13:15 Enbridge, First Nations and Métis Partners To Advance 200-Megawatt Wind Energy Project in Saskatchewan
07/16/2024 - 11:15 A New Star in the Energy Constellation
07/10/2024 - 14:30 I-STEAM Pathways: Melding Mainstream Science, Indigenous Perspectives
07/08/2024 - 13:00 Prairie Pupils Young and Old Discover 'A Family Can Learn Together'
07/02/2024 - 15:45 African-American Theatre, Artistry and Music That 'Stirs Your Soul'

This member declared not having a position on this financial instrument or a related financial instrument.

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