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 10/28/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

44%

My opinion

Bullish above 37.81 USD

My targets

42.27 USD (+3.32%)

44.61 USD (+9.04%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ENBRIDGE INC. As long as you are above the support located at 37.81 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 42.27 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 44.61 USD as an objective. If the support 37.81 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

3.2

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

ENBRIDGE INC rating 40.91 USD. The price is lower by -0.07% since the last closing with the lowest point at 40.66 USD and the highest point at 41.04 USD. The deviation from the price is +0.61% for the low point and -0.32% for the high point.

40.66

41.04

40.91

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ENBRIDGE INC chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	35.62	37.81	40.56	40.91	42.27	44.61
Change (%)	-12.93%	-7.58%	-0.86%	-	+3.32%	+9.04%
Change	-5.29	-3.10	-0.35	-	+1.36	+3.70
Level	Major	Major	Major	-	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.27	40.53	40.74	41.00	41.21	41.47	41.68
Camarilla	40.81	40.85	40.90	40.94	40.98	41.03	41.07
Woodie	40.24	40.52	40.71	40.99	41.18	41.46	41.65
Fibonacci	40.53	40.71	40.82	41.00	41.18	41.29	41.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.08	39.94	40.44	41.30	41.80	42.66	43.16
Camarilla	40.57	40.69	40.82	40.94	41.07	41.19	41.31
Woodie	38.90	39.85	40.26	41.21	41.62	42.57	42.98
Fibonacci	39.94	40.46	40.78	41.30	41.82	42.14	42.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.20	38.92	39.77	40.49	41.34	42.06	42.91
Camarilla	40.18	40.32	40.47	40.61	40.75	40.90	41.04
Woodie	38.26	38.95	39.83	40.52	41.40	42.09	42.97
Fibonacci	38.92	39.52	39.89	40.49	41.09	41.46	42.06

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.51
MACD (12,26,9):	0.1900
Directional Movement:	-3.79
AROON (14):	57.15
DEMA (21):	41.44
Parabolic SAR (0,02-0,02-0,2):	42.08
Elder Ray (13):	-0.35
Super Trend (3,10):	40.38
Zig ZAG (10):	40.90
VORTEX (21):	0.9800
Stochastique (14,3,5):	34.64
TEMA (21):	41.23
Williams %R (14):	-70.11
Chande Momentum Oscillator (20):	0.02
Repulse (5,40,3):	0.0200
ROCnROLL:	-1
TRIX (15,9):	0.1000
Courbe Coppock:	1.94

MA7:	41.31
MA20:	41.18
MA50:	40.61
MA100:	38.53
MAexp7:	41.17
MAexp20:	41.12
MAexp50:	40.39
MAexp100:	39.16
Price / MA7:	-0.97%
Price / MA20:	-0.66%
Price / MA50:	+0.74%
Price / MA100:	+6.18%
Price / MAexp7:	-0.63%
Price / MAexp20:	-0.51%
Price / MAexp50:	+1.29%
Price / MAexp100:	+4.47%

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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