Stock Trend Analysis Report

Prepared for you on Wednesday, May 8, 2024.

HORIZONS CANADIAN OIL AND GAS EQUITY COVERED CALL (TSE:ENCC)

Sidelines Mode (+55) - ENCC is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ENCC?

MarketClub looks at technical strength and momentum to determine if the timing is right for ENCC.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	ENCC Price	Change
11.44	11.55	11.44	11.51	+0.05
Entry Signal

MarketClub’s Trade Triangles for ENCC

The long-term trend has been UP since Mar 4th, 2024 at 11.04

The intermediate-term trend has been DOWN since May 1st, 2024 at 11.35

The short-term trend has been UP since May 6th, 2024 at 11.40

Smart Scan Analysis for ENCC

Based on our trend formula, ENCC is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
11.44	11.55	11.44	11.51	+0.05
Prev. Close	Volume	Bid	Ask	Time
11.52	21943			2024-05-07 15:39:17

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