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ENBRIDGE INC COM (ENB.TO) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 28 Jun 2017NoneBearish EngulfingWed, 14 Jun 20175.52%
***Stock database and scans are updated around midnight (Toronto time) every trading day.
52.56 0.00 (0%) Jun 28 4:00pm EDT
Open: 52.93 Range: 52.44 - 53.02 Vol: 2.62M Avg Vol: 2.63M
EPS: 1.20 P/E ratio: 43.73 EBITDA: 6.30B Mkt Cap: 86.14B
Analyze "ENB.TO" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 51.32
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 52.33
Last Trade is below the 50 day moving average at 54.73
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 55.99
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of ENB.TO

Stock Trend Analysis - Buy, Sell or Hold "ENBRIDGE INC COM" (ENB.TO)?

Although ENB.TO is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, ENB.TO has been trading above the 200 day moving average for 80% of the time with an average daily volume of 2.6M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also indicating range bound trading with a bearish bias. Objectively, as long as ENB.TO is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 55.99. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "ENB.TO".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 28 Jun 2017
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