ENB Price Prediction Next Week
Based on the latest data and technical analysis, here is the price prediction for ENB for the next trading week:
Technical Analysis
- RSI(14) at 66.58 indicates the stock is approaching overbought territory but not yet overextended
- MACD at 0.72 shows positive momentum
- Stock is trading above both 20-day SMA ($43.53) and 200-day SMA ($38.86), confirming uptrend
- Fibonacci levels indicate key resistance at $45.44 and $46.05, with support at $43.47 and $42.86
News Sentiment Analysis
- Positive: ENB reported strong Q3 results with revenues of $10.66 billion exceeding estimates
- Positive: Company announced another 3% dividend increase for 2025
- Positive: Record throughput volumes achieved in mainline system
- Negative: Higher interest expenses due to recent acquisitions may pressure near-term earnings
Price Target for Next Week Based on technical indicators and news sentiment:
- Resistance levels: $45.44 (R1), $46.05 (R2)
- Support levels: $43.47 (S1), $42.86 (S2)
- Most likely scenario: Stock will test R1 at $45.44 with 60% probability
- Target range: $44.50-$45.50
Trading Recommendation BUY with entry around current price ($45.31). Set stop loss at $43.47 (S1) and take profit at $46.05 (R2). The positive momentum and strong fundamentals support further upside, though traders should be mindful of overbought conditions developing.
ENB Similar Chart Price Prediction
The price of ENB is predicted to go up -2.89%, based on the high correlation periods with SYY. The similarity of these two price pattern on the periods is 98.06%.
ENB
SYY
Down: -2.89%Similarity: 98.06%
ENB Revenue Forecast
ENB EPS Forecast
ENB FAQs
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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.
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