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(ENB) Enbridge Inc complete technical analysis [charts+indicators] | Buy/Sell Enbridge Inc | (ENB) share price targets

Complete technical analysis of Enbridge Inc (ENB) by charts plus indicators, forecast predictions and share price targets for Enbridge Inc (ENB)

Enbridge Inc trades in USA in Energy sector.

Showing technical analysis as on 2024-08-19 View latest technical analysis

10 day averaged volume of Enbridge Inc is 4854363

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	39.13	38.75	39.21	38.70	1.68 times
16 Fri Aug 2024	38.70	38.62	38.74	38.49	0.626 times
15 Thu Aug 2024	38.57	38.82	38.83	38.44	0.845 times
14 Wed Aug 2024	39.54	39.50	39.72	39.30	1.585 times
13 Tue Aug 2024	39.37	39.06	39.49	39.00	1.023 times
12 Mon Aug 2024	39.05	38.99	39.19	38.86	0.666 times
09 Fri Aug 2024	38.85	38.74	38.95	38.46	0.753 times
08 Thu Aug 2024	38.73	38.51	38.81	38.44	0.799 times
07 Wed Aug 2024	38.45	38.44	38.83	38.21	1.068 times
06 Tue Aug 2024	38.28	37.39	38.43	37.04	1.405 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39, but if it comes below 39, then a intra day sell could be more profitable.
If you take a sell trade below 39, then use 39 as stoploss and 37.94 as target. However if you take a buy trade in stock , then use 39 as stoploss and 40.2 as target.

Share price targets for Enbridge Inc (ENB)

Target Type	Value
Downside Target	32.86
Downside Target	34.60
Downside Target	36.32
Downside Target	37.57
Downside Target	37.97
Downside Target	38.37
Downside Target	38.44
Downside Target	38.70
Downside Target	38.95
Upside Target	39.21
Upside Target	39.72

Intraday share price targets for Enbridge Inc (ENB)

Target Type	Value
Downside Intraday Target	38.82
Downside Intraday Target	38.5
Upside Intraday Target	39.33
Upside Intraday Target	39.52
Downside Intraday Target	39.01

Weekly technical analysis of Enbridge Inc (ENB)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	39.13	38.75	39.21	38.70	0.354 times
16 Fri Aug 2024	38.70	38.99	39.72	38.44	0.903 times
09 Fri Aug 2024	38.85	36.75	38.95	36.50	0.924 times
02 Fri Aug 2024	37.96	36.74	37.97	36.57	1.313 times
26 Fri Jul 2024	36.66	36.62	36.83	36.32	0.915 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Enbridge Inc (ENB)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	39.13	37.49	39.72	36.50	0.826 times
31 Wed Jul 2024	37.42	35.66	37.57	35.10	0.892 times
28 Fri Jun 2024	35.59	36.34	36.60	34.60	0.76 times
31 Fri May 2024	36.58	35.57	38.37	35.30	0.869 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Enbridge Inc (ENB)

Price action analysis of Enbridge Inc ( (ENB) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Enbridge Inc ( (ENB) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Enbridge Inc ( (ENB) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Enbridge Inc ( (ENB) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Enbridge Inc stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Enbridge Inc in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Enbridge Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Enbridge Inc in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Enbridge Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.9 and Enbridge Inc (ENB) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Enbridge Inc (ENB) stock. Volume based technical analysis of Enbridge Inc (ENB) stock is negative.

Enbridge Inc Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.