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July 28, 2024, 21:00 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ENB
- Buy ENB slightly over 36.2 target 37.75 stop loss @ 36.1 Details
- Short ENB slightly under 37.75, target 36.2, stop loss @ 37.86 Details
The technical summary data tells us to buy ENB near 36.2 with an upside target of 37.75. This data also tells us to set a stop loss @ 36.1 to protect against excessive loss in case the stock begins to move against the trade. 36.2 is the first level of support below 36.66 , and by rule, any test of support is a buy signal. In this case, support 36.2 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of ENB as it gets near 37.75 with a downside target of 36.2. We should have a stop loss in place at 37.86though. 37.75 is the first level of resistance above 36.66, and by rule, any test of resistance is a short signal. In this case, if resistance 37.75 is being tested, a short signal would exist.
Swing Trading Plans for ENB
- Buy ENB slightly over 36.96, target 37.75, Stop Loss @ 36.85 Details
- Short ENB slightly near 36.96, target 36.57, Stop Loss @ 37.07. Details
If 36.96 begins to break higher, the technical summary data tells us to buy ENB just slightly over 36.96, with an upside target of 37.75. The data also tells us to set a stop loss @ 36.85 in case the stock turns against the trade. 36.96 is the first level of resistance above 36.66, and by rule, any break above resistance is a buy signal. In this case, 36.96, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of ENB if it tests 36.96 with a downside target of 36.57. We should have a stop loss in place at 37.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 36.96, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ENB
- Buy ENB slightly over 36.68, target 36.96, Stop Loss @ 36.59 Details
- Short ENB slightly near 36.68, target 36.2, Stop Loss @ 36.77. Details
If 36.68 begins to break higher, the technical summary data tells us to buy ENB just slightly over 36.68, with an upside target of 36.96. The data also tells us to set a stop loss @ 36.59 in case the stock turns against the trade. 36.68 is the first level of resistance above 36.66, and by rule, any break above resistance is a buy signal. In this case, 36.68, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of ENB if it tests 36.68 with a downside target of 36.2. We should have a stop loss in place at 36.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 36.68, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Enbridge Inc (ENB) available here: ENB.
ENB Ratings for July 28:
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 0 | 0 | 34.56 |
| P2 | 36.45 | 36.57 | 36.2 |
| P3 | 36.68 | 36.96 | 37.75 |
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AI Generated Signals for ENB
Blue = Current Price
Red= Resistance
Green = Support
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This report was produced using AI developed by Stock Traders Daily. Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to Index options, ETFs, and futures. The objective of this specific report is to optimize trading inEnbridge Inc(NYSE: ENB) while incorporating prudent risk controls.
Warning:
Fundamental Charts for ENB:
- ENB EPS Analysis
- ENB Revenue Chart
- ENB Dividend Chart
- ENB Stock chart
- ENB Growth rate - Quarterly
- ENB Growth rate - Yearly
- ENB PE chart
- ENB PEG chart
