Enbridge Stock Pattern Recognition Takuri Dragonfly Doji with very long lower shadow
| ENB Stock | CAD 60.09 0.02 0.03% |
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Recognition |
The output start index for this execution was ten with a total number of output elements of fifty-one. The function generated a total of one valid pattern recognition events for the selected time horizon. Takuri (The Dragonfly Doji pattern signals indecision among Enbridge traders. The Dragonfly Doji with very long lower shadow pattern indicates that Enbridge direction of the trend may be nearing a major turning point.)
Enbridge Technical Analysis Modules
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 other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
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| Pattern Recognition | ||
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| Volume Indicators |
About Enbridge Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enbridge. We use our internally-developed statistical techniques to arrive at the intrinsic value of Enbridge based on widely used predictive technical indicators. In general, we focus on analyzing Enbridge Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Enbridge's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Enbridge's intrinsic value. In addition to deriving basic predictive indicators for Enbridge, we also check how macroeconomic factors affect Enbridge price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0714 | 0.0682 | 0.0778 | 0.0817 | Price To Sales Ratio | 2.12 | 2.01 | 2.25 | 2.67 |
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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Did you try this?
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Enbridge pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enbridge position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enbridge will appreciate offsetting losses from the drop in the long position's value.Enbridge Pair Trading
Enbridge Pair Trading Analysis
The ability to find closely correlated positions to Enbridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enbridge when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enbridge - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enbridge to buy it.
The correlation of Enbridge is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enbridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enbridge can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.