Will epd have positive momentum in intraday trading hours

**Enterprise Products Partners (EPD) is likely to experience positive momentum in intraday trading hours.** Here's the analysis to support this conclusion: 1. **Technical Indicators**: EPD's 5-Day MA is at $29.02, and its 10-Day MA is at $28.99, indicating a potential for a bullish breakout. Additionally, the stock's RSI is at 29.71, which is relatively low and suggests that the stock may be undervalued, potentially leading to a price increase. 2. **Support and Resistance Levels**: The stock's support level is at $28.97, which EPD has shown resilience against, and the resistance level is at $29.18. The proximity of the stock price to the support level and the potential for the stock to break through the resistance level suggests a potential for positive momentum. 3. **Recent Performance**: EPD's stock price has risen 0.21% on October 24, 2024, moving within a range at $28.97 and $29.18. This recent performance suggests a positive market sentiment towards the stock, which could continue in intraday trading hours. 4. **Earnings Report Expectations**: EPD is scheduled to report its third-quarter 2024 results on October 29, 2024. The Zacks Consensus Estimate for third-quarter earnings is pegged at 66 cents per share, implying growth of 10% from the year-ago reported number. This suggests that the stock may experience a rebound as the earnings report is better than expectations. 5. **Market Sentiment and Analyst Ratings**: The consensus rating for EPD is "Buy" with an average price target of $33.73, which suggests that analysts see potential for the stock to perform well. Additionally, recent price target increases by analysts such as RBC Capital and Royal Bank of Canada indicate a positive outlook for the stock. In conclusion, the combination of favorable technical indicators, recent positive performance, and optimistic earnings report expectations suggests that EPD is likely to have positive momentum in intraday trading hours.