ENLINK MIDSTREAM LLC - Daily - Technical analysis published on 09/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
ENLINK MIDSTREAM LLC Chart
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 8.70 USD
My targets
8.08 USD (-4.72%)
7.61 USD (-10.26%)
My analysis
In a bearish trend, the price of ENLINK MIDSTREAM LLC tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 8.70 USD. A bearish break in the support located at 8.08 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 7.61 USD. Then 7.13 USD by extension. It would be safer to wait for a bearish break in the support located at 8.08 USD before allowing yourself to re trade short positions (for sale) on ENLINK MIDSTREAM LLC. PS: if there is a bullish break in the resistance located at 8.70 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
0.7
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.
This analysis was given by Vincent Launay.
Additional analysis
Quotes
ENLINK MIDSTREAM LLC rating 8.48 USD. The price is lower by -0.12% since the last closing with the lowest point at 8.37 USD and the highest point at 8.55 USD. The deviation from the price is +1.31% for the low point and -0.82% for the high point.8.37
8.55
8.48
Here is a more detailed summary of the historical variations registered by ENLINK MIDSTREAM LLC:
Technical
Technical analysis of this Daily chart of ENLINK MIDSTREAM LLC indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.13 | 7.61 | 8.08 | 8.48 | 8.70 | 9.19 | 9.67 |
| Change (%) | -15.92% | -10.26% | -4.72% | - | +2.59% | +8.37% | +14.03% |
| Change | -1.35 | -0.87 | -0.40 | - | +0.22 | +0.71 | +1.19 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Minor |
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 | 8.08 | 8.20 | 8.35 | 8.47 | 8.62 | 8.74 | 8.89 |
| Camarilla | 8.42 | 8.44 | 8.47 | 8.49 | 8.52 | 8.54 | 8.56 |
| Woodie | 8.09 | 8.21 | 8.36 | 8.48 | 8.63 | 8.75 | 8.90 |
| Fibonacci | 8.20 | 8.31 | 8.37 | 8.47 | 8.58 | 8.64 | 8.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.94 | 7.61 | 8.02 | 8.70 | 9.10 | 9.78 | 10.19 |
| Camarilla | 8.13 | 8.23 | 8.33 | 8.43 | 8.53 | 8.63 | 8.73 |
| Woodie | 6.81 | 7.55 | 7.89 | 8.63 | 8.97 | 9.71 | 10.06 |
| Fibonacci | 7.61 | 8.03 | 8.28 | 8.70 | 9.11 | 9.37 | 9.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.49 | 5.05 | 6.49 | 8.05 | 9.49 | 11.05 | 12.49 |
| Camarilla | 7.12 | 7.39 | 7.67 | 7.94 | 8.22 | 8.49 | 8.77 |
| Woodie | 3.44 | 5.02 | 6.44 | 8.02 | 9.44 | 11.02 | 12.44 |
| Fibonacci | 5.05 | 6.19 | 6.90 | 8.05 | 9.19 | 9.90 | 11.05 |
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): | 54.44 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 8.31 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 8.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.29 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 7.79 | |
| Zig ZAG (10): | 8.48 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 46.52 | |
| TEMA (21): | 8.65 | |
| Williams %R (14): | -58.17 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 16.66 |
| MA7: | 8.48 | |
| MA20: | 8.24 | |
| MA50: | 8.39 | |
| MA100: | 9.30 | |
| MAexp7: | 8.47 | |
| MAexp20: | 8.32 | |
| MAexp50: | 8.53 | |
| MAexp100: | 9.14 | |
| Price / MA7: | -0% | |
| Price / MA20: | +2.91% | |
| Price / MA50: | +1.07% | |
| Price / MA100: | -8.82% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +1.92% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -7.22% |
News
Don"t forget to follow the news on ENLINK MIDSTREAM LLC. At the time of publication of this analysis, the latest news was as follows:
- EnLink Midstream Reports Second Quarter 2019 Results, Updates 2019 Guidance, and Announces Long-Term Natural Gas Transport Agreement in Louisiana
- EnLink Midstream Executive Chairman Barry Davis to Reassume CEO Role
- EnLink Midstream Declares Quarterly Distribution for Second Quarter 2019
- EnLink Midstream to Participate in Investor Conference
- EnLink Midstream Provides Details for Conference Call on August 7 to Discuss Second-Quarter Earnings
This member declared not having a position on this financial instrument or a related financial instrument.
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