Recent exceptional negative changes in investment behavior have affected Enlink Midstream LLC (NYSE: ENLC): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent minimal negative changes in fundamentals have affected Enlink Midstream LLC (NYSE: ENLC): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Enlink Midstream has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Enlink Midstream has a poor Appreciation Score of 18 but a good Power Rating of 75, triggering the Low Neutral Value Trend Rating.
Recent Price Action
Enlink Midstream LLC (NYSE: ENLC) stock closed at $13.74 on 12/18/24 after a decline of -4.1%. However, trading volume in this decline was below average at 82% of normal. The stock has declined -6.3% during the last week but has been strong relative to the market over the last nine months.
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