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ENBEnbridge Inc

NYSEDaily chart
Range low retest · 13 Oct 2022

ENB slipped below its $40.04 – $45.21 range and came back to test the low on 13 Oct 2022.

Range low
$40.04
support
Range high
$45.21
13% above the low
In the range since
Jul 2022
11 mo
Close on retest day
$37.13
7% below the range low
  • Previous range $53.33 – $58.45 lasted 4 mo and broke downward at $47.64.
  • 5 sideways ranges found since 2022.
What is a range retest, and how do I read the chart?

A stock moves sideways between a floor (the range low) and a ceiling (the range high) for a long time. Then it drops below the floor, fails to climb back in, and returns to test that low again. Traders also call this a spring. Some springs mark the end of a decline; many don't.

On the chart, each candle is one trading day. The purple lines are the range the signal came from, and the green Retest label marks the day RangeStocks flagged. Tick “Show past sideways ranges” to see earlier ranges.

Daily chart

Sideways range history

RangeStartedEndedOutcomeRetests
8 May 202611 Sept 2026 · 4 moBroke below the range at $47.64—
1 Nov 202430 Mar 2026 · 1 yr 5 moBroke above the range at $55.44—
15 Sept 202322 Nov 2024 · 1 yr 2 moBroke above the range at $43.70—
14 Jul 202231 May 2023 · 11 moBroke below the range at $35.1213 Oct 2022
15 Mar 20225 Jul 2022 · 4 moBroke below the range at $40.39—

Retest signals

  • 13 Oct 2022 · 3 mo into the range

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Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.