Enbridge Pref A Preferred Stock Technical Analysis

ENB-PA Preferred Stock  CAD 20.50  0.10  0.49%   
As of the 24th of April, Enbridge Pref shows the Standard Deviation of 0.6998, coefficient of variation of (2,861), and Mean Deviation of 0.4711. Enbridge Pref A technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for Enbridge Pref A, which can be compared to its peers. Please confirm Enbridge Pref A information ratio, potential upside, and the relationship between the standard deviation and maximum drawdown to decide if Enbridge Pref A is priced favorably, providing market reflects its regular price of 20.5 per share.

Enbridge Pref Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Enbridge, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Enbridge
  
Enbridge Pref's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Enbridge Pref technical preferred stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, preferred stock market cycles, or different charting patterns.
A focus of Enbridge Pref technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Enbridge Pref trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Enbridge Pref A Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Enbridge Pref A volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Enbridge Pref A Trend Analysis

Use this graph to draw trend lines for Enbridge Pref A. You can use it to identify possible trend reversals for Enbridge Pref as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Enbridge Pref price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Enbridge Pref Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Enbridge Pref A applied against its price change over selected period. The best fit line has a slop of   0.0042  , which may suggest that Enbridge Pref A market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.66, which is the sum of squared deviations for the predicted Enbridge Pref price change compared to its average price change.

About Enbridge Pref Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Enbridge Pref A on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Enbridge Pref A based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Enbridge Pref A price pattern first instead of the macroeconomic environment surrounding Enbridge Pref A. By analyzing Enbridge Pref's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Enbridge Pref's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Enbridge Pref specific price patterns or momentum indicators. Please read more on our technical analysis page.

Enbridge Pref April 24, 2024 Technical Indicators

Most technical analysis of Enbridge help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Enbridge from various momentum indicators to cycle indicators. When you analyze Enbridge charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge Pref A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Enbridge Preferred Stock analysis

When running Enbridge Pref's price analysis, check to measure Enbridge Pref's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enbridge Pref is operating at the current time. Most of Enbridge Pref's value examination focuses on studying past and present price action to predict the probability of Enbridge Pref's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enbridge Pref's price. Additionally, you may evaluate how the addition of Enbridge Pref to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Enbridge Pref's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge Pref is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge Pref's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.