RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ENB.TO
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Enbridge Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Enbridge Inc. stock price gained 0.89% on the last trading day (Wednesday, 27th Mar 2024), rising from $48.38 to $48.81. During the last trading day the stock fluctuated 1.43% from a day low at $48.14 to a day high of $48.83. The price has been going up and down for this period, and there has been a 0.29% gain for the last 2 weeks. Volume fell on the last day by -43 thousand shares and in total, 3 million shares were bought and sold for approximately $129.28 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $48.95 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Enbridge Inc. stock with a 90% probability to be traded between $44.03 and $48.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ENB.TO Signals & Forecast

The Enbridge Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $48.53 and $47.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 8.13%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Enbridge Inc. stock

Enbridge Inc. finds support from accumulated volume at $48.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.690 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 1.10%.

Our recommended stop-loss: $46.94 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (ENB.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Enbridge Inc. to open at $48.59, and during the day (based on 14 day Average True Range), to move between $48.29 and $49.33, which gives a possible trading interval of +/-$0.525 (+/-1.07%) up or down from last closing price. If Enbridge Inc. takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $49.35 (1.11%) than the support at $48.06 (1.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Enbridge Inc. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Enbridge Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.488 Buy Candidate Upgraded

Predicted Opening Price for Enbridge Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$48.59 ( 0.444%) $48.81

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ENB.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 49.28 0.97 %
R2 49.02 0.430 %
R1 48.86 0.0961 %
Current price: 48.81
Support S1 48.33 -0.98 %
S2 48.17 -1.32 %
S3 47.90 -1.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 49.68 1.78 %
R2 49.46 1.33 %
R1 49.35 1.11 %
Current price 48.81
Support S1 48.06 -1.54%
S2 46.46 -4.81%
S3 45.14 -7.52%

ENB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 29, 2023 Feb 15, 2024 Mar 01, 2024 $0.92 1.94%
2 Nov 29, 2023 Feb 14, 2024 Mar 01, 2024 $0.92 1.94%
3 Nov 01, 2023 Nov 14, 2023 Dec 01, 2023 $0.89 1.87%
4 Aug 14, 2023 Aug 14, 2023 Sep 01, 2023 $0.89 1.84%
5 May 03, 2023 May 12, 2023 Jun 01, 2023 $0.89 1.82%

FAQ

What is the symbol for Enbridge Inc. Stock and on which exchange is it traded?
The symbol for Enbridge Inc. is ENB.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Enbridge Inc. Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Enbridge Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Enbridge Inc. Stock?
Enbridge Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Enbridge Inc. Stock.

What's the current price of Enbridge Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Enbridge Inc. (ENB.TO) share was $48.81.

What is the 52-week high and low for Enbridge Inc. Stock?
The 52-week high for Enbridge Inc. Stock is $54.05 and the 52-week low is $42.75.

What is the market capitalization of Enbridge Inc. Stock?
As of the 2024-03-27, the market capitalization of Enbridge Inc. is 103.75B.

When is the next earnings date for Enbridge Inc.?
The upcoming earnings date for Enbridge Inc. is May 03, 2024.
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About Enbridge Inc.

Enbridge. Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segmen... ENB.TO Profile

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