Enbridge stock: buy or sell

ENB stock price: $39.34 0.92% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

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Enbridge stock brief

  • Enbridge stock scarcely changed 0.92% to close at $39.34 on the stock market today, after 7 consecutive sessions in positive.
  • On Wednesday, Enbridge released its Q2 earnings report
  • Enbridge Inc. operates as an energy infrastructure company.

Should I buy Enbridge stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ENB stock a buy?

Currently, Enbridge stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $ENB will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Enbridge stock?

"To sell or not to sell", if you are holding Enbridge shares?. Just as when we have to buy shares, deciding when is appropiate to sell is not a whimsy decision, and we must follow our own trading style. When selling, as well as buying, our strategies are very easy to use and are only valid for selling stocks in your porfolio, not for selling short Enbridge stock

A golden rule is that you should never mantain a trading operation that produces higher than expected losses by the time of purchase. When to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell Enbridge stock?

In the current situation of Enbridge there is not any eligible sell setup, so Enbridge stock holders with operations in profit can keep their positions

Enbridge ratings

We don't have any rating published in the previous 30 days for Enbridge

Enbridge stock analysis

SMAs overview

ENB stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $39.72 (0.97% above)
  • R2: $40.33 (2.52% above)
  • R3: $41.13 (4.55% above)
  • The current supports are:

  • S1: $38.76 (-1.47% below)
  • S2: $38.09 (-3.18% below)
  • S3: $37.92 (-3.61% below)
  • Bollinger bands

    Since the price broke down the lower band on July 20, the price bounced by 5.36%

    ENB stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold level of 30 on July 20 after just being in the oversold zone for just one day (what can be considered a strength sign). The RSI reading on Wednesday was 50.87

    ENB stock RSI chart

    Enbridge stock price history

    Enbridge started trading on Mar 15th, 1984 priced at $0.00 per share1. Since then, ENB stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in Enbridge stock at that time, it would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    ENB stock price history chart

    Price target for Enbridge stock

    Nobody knows how much a share will be priced in the future. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions publish their price target based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and usually. Again, these targets are not direct recommendations for small traders and must not be followed blindly.

    We don't have any target price published in the last 30 days for Enbridge.

    Earnings and financials

    On Wednesday, Enbridge ($ENB) had the quarterly earnings call and released the report.

    In contrast, the EPS for the same quarter last year was $0.56, so posted EPS is -100.00%. Revenue just moved on an annualized basis in the , from $120.1B to $121.9B last quarter.

    Enbridge ($ENB) is hosting the earnings call next November.

    Enbridge performance

    ENB performance compared
    Company1m3m6m
    Enbridge ($ENB) -1.30% 4.10% 20.30%

    Please read:
    The comments contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not know the particular conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for informational motives only

    Enbridge summary

    Wednesday, July 28th, 2021
    Open$39.01
    Close$39.34
    Day range$38.85 - $39.47
    Previous close$38.98
    Session gain0.92%
    Average true range$0.78
    50d mov avg$39.43
    100d mov avg$38.10
    200d mov avg$34.60
    Earnings dateNovember 4th, 2021

    Frequently asked questions

    What is Enbridge stock symbol?

    Enbridge Inc. is a public company trading in the US stock market with the ENB symbol

    Is Enbridge stock a buy or sell?

    Enbridge had no ratings in the last 4 weeks Read the article to get additional tips on trading ENB stock.

    Will ENB go up?

    There were no forecasts posted by analysts in the last month for Enbridge.