Technical analysis from Enbridge Inc (ENB.TO.TO, TSE:ENB.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Enbridge Inc
+ Share

[Bearish]: Elder Ray Index is -0.853 indicating bear power
Elder Ray Index /
[Bearish]: Elder Ray Index is -0.853 indicating bear power

[BEARISH]: Enbridge Inc Elder Ray Index is signalling a Bearish movementERI is -0.853 indicating bear power. Prices are being driven below the consensus of value for ENB during the last trading session [Selling Pressure]

The MACD continues to fall below the signal line for ENB [Bearish]
MACD /
The MACD continues to fall below the signal line for ENB [Bearish]

ENB: MACD Recent Trading -> (1) 25 May: -0.2497 (2) 24 May: -0.1983 (3) 23 May: -0.1171

Percentage Volume /
Percentage volume oscillator remains negative for ENB

ENB: PVO Recent Trading -> (1) 25 May: -2.92 (2) 24 May: -0.78 (3) 23 May: 1.54

Ease of Movement /
Price dipped caused by low volume trading for Enbridge Inc during last trading session

ENB: EOM Current Signal -> (1) 25 May: BEARISH EASY (2) 24 May: BULLISH EASY (3) 23 May: BEARISH EASY

Elders Force Index /
Enbridge Inc: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Enbridge Inc current price has highlighted recent buying pressure. Currently, the Elders Force Index is 286922.

Momentum /
5-day momentum is decreasing for Enbridge Inc

ENB: MOM Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

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Bill Williams Market Facilitation /
Enbridge Inc: Bill Williams Profanity [Fake Day]

Enbridge Inc Currently is a confirmed Fake Day. MFI indicator is up, volume is down for ENB. Trend continuation possible for ENB from reduced trading activity.

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (18.1) for Enbridge Inc

ENB: Average Directional Index Recent Trading -> (1) 25 May: 18.1 (2) 24 May: 18.19 (3) 23 May: 18.71

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A short term Pivot Reversal has formed with Enbridge Inc
Pivot Reversal /
A short term Pivot Reversal has formed with Enbridge Inc

[BEARISH]: A short term Pivot Reversal has formed with Enbridge Inc which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 25 occurrences of this bar reversal giving a signal probability of 9.5%.

DPO for ENB has confirmed price is currently above the displaced moving average
Detrended Price Oscillator /
DPO for ENB has confirmed price is currently above the displaced moving average

[BULLISH]: Enbridge Inc currently has a confirmed uptrend. Price is currently above the displaced moving average for ENB. Currently, the return on DPO20 is -0.4%.

Medium Trend /
Enbridge Inc has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Enbridge Inc is in an uptrend in the medium term timeframe. The current rally number is 29 & the highest rally count for the LTM is 29. The highest rally for the month is 18

MACD Volume /
Enbridge Inc: Volume MACD oscillator (-234715)

[BEARISH]: Enbridge Inc currently has negative Volume MACD of -234715. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Volume /
ENB has achieved a lower volume of 2.68784e+006 (-4.2)

[BEARISH]: Enbridge Inc current volume downtrend in the first timeframe. Volume for ENB is 2.68784e+006 (-4.2).

14-day volume rate of change is increasing for Enbridge Inc
Volume Rate of Change /
14-day volume rate of change is increasing for Enbridge Inc

ENB: VROC Current Signal -> (1) 25 May: BULLISH (2) 24 May: BULLISH (3) 23 May: BULLISH

Recent trading for Enbridge Inc fell short of the previous low by -0.9 %
Low Price /
Recent trading for Enbridge Inc fell short of the previous low by -0.9 %

[BULLISH]: Enbridge Inc current downtrend in the first timeframe. Currently, the Low is $40.21 (-0.9 %).

On Balance Volume /
Traders are currently accumulating Enbridge Inc

ENB: OBV Current Signal ->(1) 25 May: BULLISH (2) 24 May: BULLISH (3) 23 May: BULLISH

Woodie Pivot Point /
Enbridge Inc: Stoploss for short position should be set at $40.983

Enbridge Inc has broken the first Woodie support point ($40.286) [Bearish]. Look for a short limit order entry near this point. Exit price for ENB should be set @$40.003 & short position stoploss for Enbridge Inc should be set at $40.983

Fibonacci Extensions /
Stoploss for Enbridge Inc should be set at $10.87

Enbridge Inc has moved above the 161.8% level ($13.67) [Bearish]. Look for a short limit order entry near this point. Exit price for ENB should be set @$16.47 & short position stoploss for Enbridge Inc should be set at $10.87

[Downtrend]: Recent trading for ENB indicates ST trend is likely to continue
Triangular Moving Average /
[Downtrend]: Recent trading for ENB indicates ST trend is likely to continue

[BEARISH]: Enbridge Inc currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.4%.

Market conditions are indicating DVI accumulation is current for ENB
Daily Volume Index /
Market conditions are indicating DVI accumulation is current for ENB

[BULLISH]: Enbridge Inc current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1457.

Close for ENB has not surpassed the close of the previous trading session
Closing Price /
Close for ENB has not surpassed the close of the previous trading session

[BEARISH]: Enbridge Inc current downtrend in the first timeframe. Currently, the Close is $40.53.

Accumulation / Distribution /
Enbridge Inc is being actively distributed

[BEARISH]: Enbridge Inc current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.42108e+007.

Exponential Moving Average /
The EMA trend following signal is still current for Enbridge Inc [Bearish]

[BEARISH]: Enbridge Inc currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.4%.

Williams %R /
Initiation of oversold signal for Enbridge Inc [Bullish Crossover]

[BEARISH]: Enbridge Inc is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Range Tod Vs Range Yest /
Enbridge Inc: Range Performance (36.1)

[BEARISH]: Enbridge Inc sellers are increasingly eager. This is the first day sellers have increasing eagerness for ENB adding strength to a downtrend in the first timeframe. The biggest price range this month has been $4.3300 & the greatest daily price range this year has been $13.6800. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.3x.

Buying pressure for Enbridge Inc continues - bullish signal
Chaikin Money Flow /
Buying pressure for Enbridge Inc continues - bullish signal

[BULLISH]: Enbridge Inc current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.08. ENB received a confirmed CMF crossover days on the May 24 2018. The bullish signal has been active for 6 days. During the quarter, the highest CMF value was 0.08 occurring on the May 24 2018.

Enbridge Inc: Closing price $40.53 is below the WMA(5) @$40.679
Weighted Moving Average /
Enbridge Inc: Closing price $40.53 is below the WMA(5) @$40.679

ENB: WMA Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for ENB

[BEARISH]: Enbridge Inc currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.4%.

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