Stock Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
ENBRIDGE INC (TSE:ENB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ENB
The long term trend has been DOWN since Oct 11th, 2018 at 41.66
The intermediate term trend has been DOWN since Aug 28th, 2018 at 45.42
The short term trend has been UP since Oct 16th, 2018 at 42.45
Smart Scan Analysis for ENB
Based on a pre-defined weighted trend formula for chart analysis, ENB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||51.04||Year High Date||2018-01-05|
|Year Low||37.36||Year Low Date||2018-04-25|
|52wk High||51.79||52wk High Date||2017-10-18|
|52wk Low||37.36||52wk Low Date||2018-04-25|
|Year End Close||43.02||Average Volume||3,663,050|