ENBRIDGE INC

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ENB
ISIN:	CA29250N1050

ENBRIDGE INC - Daily - Technical analysis published on 08/16/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 37.89 USD

My targets

40.56 USD (+5.19%)

42.27 USD (+9.62%)

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 37.89 USD. The next resistance located at 40.56 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 42.27 USD. After this resistance, buyers could then target 44.61 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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 38.56 USD. The price is lower by -0.03% since the last closing and was traded between 38.51 USD and 38.74 USD over the period. The price is currently at +0.13% from its lowest and -0.46% from its highest.

38.51

38.74

38.56

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ENBRIDGE INC:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ENBRIDGE INC in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Near horizontal support

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.62	36.16	37.89	38.56	40.56	42.27	44.61
Change (%)	-7.62%	-6.22%	-1.74%	-	+5.19%	+9.62%	+15.69%
Change	-2.94	-2.40	-0.67	-	+2.00	+3.71	+6.05
Level	Major	Intermediate	Major	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.01	38.22	38.40	38.61	38.79	39.00	39.18
Camarilla	38.46	38.50	38.53	38.57	38.61	38.64	38.68
Woodie	37.99	38.21	38.38	38.60	38.77	38.99	39.16
Fibonacci	38.22	38.37	38.46	38.61	38.76	38.85	39.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.80	35.65	37.25	38.10	39.70	40.55	42.15
Camarilla	38.18	38.40	38.63	38.85	39.08	39.30	39.52
Woodie	35.18	35.84	37.63	38.29	40.08	40.74	42.53
Fibonacci	35.65	36.59	37.16	38.10	39.04	39.61	40.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.35	34.23	35.82	36.70	38.29	39.17	40.76
Camarilla	36.74	36.97	37.19	37.42	37.65	37.87	38.10
Woodie	33.72	34.41	36.19	36.88	38.66	39.35	41.13
Fibonacci	34.23	35.17	35.75	36.70	37.64	38.22	39.17

Numerical data

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

Technical indicators

Moving averages

RSI (14):	61.00
MACD (12,26,9):	0.7600
Directional Movement:	12.40
AROON (14):	50.00
DEMA (21):	38.94
Parabolic SAR (0,02-0,02-0,2):	37.81
Elder Ray (13):	0.25
Super Trend (3,10):	37.84
Zig ZAG (10):	38.53
VORTEX (21):	1.1900
Stochastique (14,3,5):	73.93
TEMA (21):	39.31
Williams %R (14):	-37.11
Chande Momentum Oscillator (20):	1.10
Repulse (5,40,3):	-0.1800
ROCnROLL:	1
TRIX (15,9):	0.2800
Courbe Coppock:	11.41

MA7:	38.95
MA20:	37.82
MA50:	36.46
MA100:	36.17
MAexp7:	38.73
MAexp20:	37.98
MAexp50:	37.01
MAexp100:	36.37
Price / MA7:	-1.00%
Price / MA20:	+1.96%
Price / MA50:	+5.76%
Price / MA100:	+6.61%
Price / MAexp7:	-0.44%
Price / MAexp20:	+1.53%
Price / MAexp50:	+4.19%
Price / MAexp100:	+6.02%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on ENBRIDGE INC. At the time of publication of this analysis, the latest news was as follows:

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

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