In the meantime, Citigroup initiated its Enbridge Inc [ENB] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Securities’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Wells Fargo also remained covering ENB and has increased its forecast on November 06, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating.
Price Performance Review of ENB
On Monday, Enbridge Inc [NYSE:ENB] saw its stock fall -0.84% to $44.99. Over the last five days, the stock has gained 4.05%. Enbridge Inc shares have risen nearly 6.03% since the year began. Nevertheless, the stocks have risen 34.98% over the past one year. While a 52-week high of $46.12 was reached on 04/03/25, a 52-week low of $33.35 was recorded on 04/07/25. SMA at 50 days reached $43.32, while 200 days put it at $41.48.
Levels Of Support And Resistance For ENB Stock
The 24-hour chart illustrates a support level at 44.54, which if violated will result in even more drops to 44.08. On the upside, there is a resistance level at 45.53. A further resistance level may holdings at 46.07. The Relative Strength Index (RSI) on the 14-day chart is 58.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.68%. Stochastics %K at 86.28% indicates the stock is a selling.
How much short interest is there in Enbridge Inc?
A steep rise in short interest was recorded in Enbridge Inc stocks on 2025-03-31, dropping by -3.75 million shares to a total of 30.7 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 34.45 million shares. There was a decline of -12.2%, which implies that there is a negative sentiment for the stock.
