ENB Price Prediction Next Week
Analysis and Insights
To predict the stock price of Enbridge (ENB) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The current price of Enbridge (ENB) is $43.88 as of March 21, 2025. Key technical indicators include:
- RSI (14): 65.73, indicating the stock is in a neutral zone, not overbought or oversold.
- MACD: Showing a bullish signal with a slight upward trend.
- Fibonacci Levels: Pivot at $43.02, with resistance at $44.01 and $44.62, and support at $42.04 and $41.43.
News Sentiment and Fundamental Analysis:
Enbridge has a strong dividend yield of approximately 6%, with a 30-year history of consistent dividend growth. The company recently reaffirmed its 2025 financial guidance, expecting EBITDA growth of 7-9% annually. However, the stock has shown limited upside momentum due to slower dividend growth and integration of recent acquisitions.
Price Prediction and Recommendation:
Based on the analysis, the stock is expected to trade near the upper resistance level of $44.01. Considering the limited upside potential and the stock's recent range-bound behavior, the predicted price for the next trading week is $44.20.
Recommendation: Sell at $44.20, as the stock is likely to face resistance and consolidate near current levels.
ENB Similar Chart Price Prediction
The price of ENB is predicted to go up 5.56%, based on the high correlation periods with MBUU. The similarity of these two price pattern on the periods is 96.64%.
ENB
MBUU
Up: 5.56%Similarity: 96.64%
ENB Revenue Forecast
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ENB VS S&P500
Enbridge is the liquids-focused version of gas-oriented Williams in terms of an attractive, highly regulated, utilitylike earnings profile.
Enbridge offers a highly secure dividend that can increase 3% annually for the foreseeable future.
The cancelation of Keystone XL puts Enbridge in a leading position to capture new organic pipeline expansions to serve the unmet needs of producers.
