Basically, the Bollinger Bands are lines that flow around a moving average, ranging the distance from the bottom to the top depending on market volatility. Enbridge ($ENB) will host the earnings call on Friday next week. The Motley Fool Canada » Dividend Stocks » Enbridge (TSX:ENB) Dividend: Buy or Sell? The moment to sell shares always has to be ruled by the stop-loss (automatic or manual), Currently, Enbridge stock doesn't match any of our preferred sell setups, so if you own Enbridge stock and your operation is in profit probably is not time to sell now, Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal, We don't have any rating published in the previous month for Enbridge, Enbridge accumulates a price drop of -14.01% since its latest peak mid-August at $33.63. There are currently 1 hold rating and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." Current as of October 26, 2020. With a diversified business mix and an equity self-funding model, Enbridge successfully executed $30 billion worth of capital projects. Given the current short-term trend, the stock is expected to fall -13.35% during the next 3 months and, with a 90% probability hold a price between $30.99 and $34.80 at the end of this 3-month period. This year, the increase is 11%, with Enbridge also projecting a 5% cash flow growth. © 2020 The Motley Fool Canada, ULC. Is it wise to take a position in the energy stock today or not, because it might be a dividend trap? Customers pay even if they don’t use their capacity allocation in Enbridge’s pipelines. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. All rights reserved. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day! A break-up above any of these levels will issue buy signals. Should I buy Enbridge Inc (ENB)? These projects should spawn highly transparent growth over the near- to the medium-term horizon. No stop-loss set. This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.This signal is rare and, in most cases, gives substantial returns. This may be an early warning and the risk will be increased slightly over the next couple of days. Enbridge Inc. stock ended on $39.21 on Monday after losing 0% (Updated on October 19, 2020) Hold candidate since 2020-10-14 PDF Last Trading Session. Further fall is indicated until a new bottom pivot has been found. Enbridge (TSX:ENB)(NYSE:ENB) was a fantastic stock in the past, but the future is all about Brookfield Renewable Partners (TSX:BEP.UN)(NYSE:BEP). 5 Stocks Under $49 (FREE REPORT). Furthermore, the individual projects are supported by long-term take-or-pay contracts, cost-of-service frameworks, or similar low-risk commercial arrangements. MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. "StockInvest.us" is a research service that provides financial data and technical analysis of publicly traded stocks. The post Sell Enbridge (TSX:ENB) Now — Buy … This doesn't mean $ENB will slide in coming sessions, or it will not rise higher. When selling, as well as buying, detailed strategies are very easy to use and are only applicable for selling shares you already own, not for shorting $ENB stock, As a golden rule, you must never keep an open trade that shows a losses greater than those expected at the time of the buy. CRA CERB Alternatives: 2 Must-Know Emergency Payouts, Forget Growth Stocks: Here’s How to Get Price Gains and Big Dividends, Aphria (TSX:APHA) Stock Plunges: Marijuana Industry in Trouble. Also, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. When the relative strength (RSI) fluctuates for so long below 70 and above 30, without indicating moments of overbought and oversold, the indicator loses its usefulness, and we currently are in one of these situations. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Despite weaker volumes, cash from operations grew 11.88% to $5.2 billion versus the same period in 2019. Speaking of whether to buy or sell the Enbridge stock... Just Released! Ryan Vanzo | September 5, 2020 | More on: BEP ENB BEP.UN ENB. 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. ... and a bulleted list of reasons to buy or sell the stock. Enbridge closed on Friday at $28.92 after falling a -1.5%. The Enbridge Inc. stock fell by -1.53% on the last day (Friday, 23rd Oct 2020) from $38.58 to $37.99. Not to alarm you, but you’re about to miss an important event. The Enbridge stock is a must-buy for investors seeking a growing income stream. However, the erratic oil industry and COVID-19 are formidable forces that could unsettle North America’s pipeline giant in 2020. Bollinger himself recommends the moving average period to be 20, The price is moving very close to the lower Bollinger band, signaling some level of oversold in recent sessions. A sales signal was issued from a pivot top point on Wednesday, August 12, 2020, and so far it has fallen -15.75%. Please read the Privacy Statement and Terms of Service for more information. Your losses are our losses too. In contrast, resistances are where the price tends to find a curb as it rises. By using the site you agree and are held Fool contributor Christopher Liew has no position in any of the stocks mentioned. Notwithstanding the energy industry’s downturn, there’s no issue with dividend sustainability. Users should not base their investment decision upon "StockInvest.us". Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. In this case, we have seen 2 consecutive lower tops, A favorite tool of many trading systems are the moving averages, that easily show trend momentum. The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Simple things usually work the best, Currently, Enbridge stock doesn't match any of these trading strategies, so our recommendation is not to buy now. Use the Zacks Rank and Style Scores to find out is ENB is right for your portfolio. Volume has increased on the last day by 49 thousand shares but on falling prices. During the day the stock fluctuated 2.77% from a day low at $37.85 to a day high of $38.90. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Our system ranks the ENB.TO as Sell Candidate with a score of -3.171. liable for your own investment decisions and agree to When COVID-19 hit, the company was in a strong position to face the storm. Its dividends are safe from the market turbulence, given the company’s low … In total, 6 million shares were bought and sold for approximately $213.75 million. Real-time data provided for free by IEX. This is not a bullish indicator, as price can move in these levels for many days and weeks, The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. In 2020, investors are losing confidence in companies that lack financial strength and flexibility, but Enbridge is not falling out of favour. I understand I can unsubscribe from these updates at any time. Over the last three years, management has been focusing on building a more resilient business. The growth runway is visible given the projects under development that will expand Enbridge’s pipeline network in North America. In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. They are usually drawn by an offset of two standard deviations, above and below, from a moving average line. The price has fallen in 6 of the last 10 days and is down by -3.11% for this period.

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