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Takip Edin: @UscMarketsENB Stock Forecast & Enbridge Chart Analysis
This article provides a detailed analysis of ENB-Enbridge Inc. stock including a forecast for ENB shares. It features Enbridge Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
ENB Historical Data Review
ENB Current Price Performance Analysis
The Enbridge - ENB stock traded on the American stock market, on 06-05-2024, closed at 36.28$ with a %0.69 increased compared to the previous day.
In the last month, the price of ENB changed by %-1.06 decreased in value, from 36.67 dollars on 05-06-2024 to 36.28 dollars, decreased.
Last year, the price of ENB was 37.68 dollars on 06-06-2023, and changed by %-3.72 decreased in value, to 36.28 dollars decreased within a year.
The price of Enbridge stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
ENB with AI Stock Forecast & Price Target
On the ENB chart Enbridge price was recorded as 36.28 Dollars on 06/05/2024.
The artificial intelligence's forecast on ENB stock is as follows.
The artificial intelligence's prediction error margin for ENB stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Enbridge stock over the next 4 months is: 31.1 Dollars.
The commentary on ENB stock Target Price: Highest: 36.269 Dollars is predicted.
The commentary on ENB stock Target Price: Lowest: 27.689 Dollars is predicted.
Resistance Price where Enbridge stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 36.269 |
| 09-23-2024 | 33.405 |
| 12-12-2024 | 31.148 |
Support Price where Enbridge stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 31.349 |
| 11-12-2024 | 29.672 |
| 03-17-2025 | 27.689 |
The commentary on ENB stock: The target price can generally be said to be on the decline.
The commentary on ENB stock: Fluctuations in the target price can be expected in the coming days.
The target price for Enbridge stock by the end of 2024 is predicted to be 30.492 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on ENB stock, and the 2024 target price predictions for Enbridge are detailed above.
The technical analysis and charts for the commentary on ENB stock are below.
ENB Support & Resistance and Trend Analysis
ENB stock you have reviewed the technical analysis support resistance charts regarding.
ENB : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the ENB review, the Enbridge support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Enbridge Support and Resistance Prices:
| ENB Support Level Price | ENB Resistance Level Price |
|---|---|
| 32.76 | 34.17 |
| 32.85 | 35.96 |
| 33.24 | 36.11 |
| 33.95 | 36.16 |
| 34.12 | 36.26 |
| 34.25 | 36.41 |
| 34.44 | 37.27 |
| 34.55 | 38.37 |
| 35.35 | |
| 35.60 |
ENB Technical Analysis: SMA, RSI, MACD
Upon reviewing the ENB chart, buy and sell signals have been generated in the Enbridge technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for ENB stock are as follows:- ENB technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Enbridge gave a 'Buy' signal when the RSI was at 26.866, with the current RSI value at 40.166.
- The technical analysis for Enbridge indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Enbridge stock: Click here to read more predictions on Zurich Insurance Group stock.
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