Stock Trend Analysis Report

Prepared for you on Wednesday, May 8, 2024.

HORIZONS ENHANCED CANADIAN O&G EQUITY COVERED CALL (TSE:ENCL)

Sidelines Mode (-55) - ENCL 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 ENCL?

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

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

Open	High	Low	ENCL Price	Change
20.62	20.81	20.60	20.77	+0.13
Entry Signal

MarketClub’s Trade Triangles for ENCL

The long-term trend has been UP since Mar 4th, 2024 at 19.83

The intermediate-term trend has been DOWN since May 1st, 2024 at 20.40

The short-term trend has been UP since May 6th, 2024 at 20.54

Smart Scan Analysis for ENCL

Based on our trend formula, ENCL 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
20.62	20.81	20.60	20.77	+0.13
Prev. Close	Volume	Bid	Ask	Time
20.77	25067			2024-05-07 15:55:15

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