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Enable Midstream Partners’ Technical Indicators

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Enable Midstream Partners’ moving averages

Enable Midstream Partners (ENBL) has been trading below its 50-day and 200-day moving averages since June 2017, which may indicate a bearish sentiment towards ENBL stock. It was trading 1.3% below its 50-day average and 6.7% below its 200-day average as of September 13. In comparison, peers EnLink Midstream Partners (ENLK) and DCP Midstream (DCP) were trading 5.2% and 8.8% below their 200-day moving averages, respectively.

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Short interest in Enable Midstream Partners

Short interest in Enable Midstream Partners was 1.1 million shares as of September 13, 2017, and its percentage of float ratio was 1.3%. Enable’s short interest is higher than its trailing-one-month average of 1.1% and trailing-12-month average of 0.7%.

Enable’s price forecast

ENBL’s 30-day implied volatility was 30.2% as of September 13, 2017. In comparison, the Alerian MLP ETF (AMLP) had implied volatility of 18.8%. ENBL’s higher implied volatility could be attributed to it having higher crude oil exposure than most AMLP constituents. Based on its current implied volatility, ENBL could trade at $14.07–$15.29 in the next seven days. ENBL is expected to trade in this range 68.0% of the time.

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