What EnLink Midstream Partners’ Technical Indicators Show
Recently, EnLink Midstream Partners (ENLK) went below its 50-day moving average due to the recent rally. It might indicate bullish sentiment in the stock. EnLink Midstream Partners was trading 1.9% above its 50-day simple moving average and 5.5% below its 200-day simple moving average as of September 26, 2017. Enable Midstream Partners (ENBL) and DCP Midstream (DCP) are trading 3.3% and 4.8% above their 50-day simple moving average. Read Could Enable Midstream Partners Gain Momentum? to learn more.
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The short interest in EnLink Midstream Partners was 5.27 million shares as of September 26, 2017. At the same time, the short interest in EnLink Midstream Partners as a percentage of float ratio was 1.5%. The current short interest in EnLink Midstream Partners is lower than the last month’s average of 1.7%. It indicates bullish sentiment in EnLink Midstream Partners. The short interest in EnLink Midstream Partners is lower compared to its past one-year and three-year average of 3.2% and 3.0%, respectively.
Relative strength index
EnLink Midstream Partners’ RSI (relative strength index) was 59.4 as of September 26, 2017. Currently, it isn’t overbought or oversold. However, it’s close to entering the overbought zone. An RSI value above 70 indicates that a stock is “overbought,” while an RSI value below 30 indicates that it’s “oversold.”