ENBRIDGE INC - ENBCN 5.672 PERP (ENB-PF-A.CA) Stock Technical Analysis
TSX:ENB-PF-A - Toronto Stock Exchange - CA29250N6265 - Currency: CAD
Taking everything into account, ENB-PF-A scores 6 out of 10 in our technical rating. ENB-PF-A has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: ENB-PF-A has an average volume of 12173 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ENB-PF-A is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 76% of 211 stocks in the same industry.
ENB-PF-A is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ENB-PF-A is performing more or less in line with the market.
ENB-PF-A is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the performance of all stocks over the past year, ENB-PF-A turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
Although the technical rating is only medium, ENB-PF-A does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 20.13, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.16
20.84
We found 3 important support areas.
- A support zone ranging from 19.55 to 20.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.91 to 18.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.34 to 18.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 20.53 to 20.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ENB-PF-A.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PF-A.CA is up. |
| ChartMill Relative Strength | 61.8 | NEUTRAL | ENB-PF-A.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENB-PF-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PF-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PF-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.53 | NEUTRAL | The RSI value for ENB-PF-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ENB-PF-A.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.98 | NEUTRAL | The Stochastics value for ENB-PF-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PF-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 20.84 | NEUTRAL | The ADX value for ENB-PF-A.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.26 | 19.74 | 0.52 (2.57%) | 25.00% |
| An entry @20.26. This is a Buy Stop order right above the 10 day high. | An exit @19.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.52 points, which is 2.57%. | For a 0.64% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ENBRIDGE INC - ENBCN 5.672 PERP
TSX:ENB-PF-A (5/29/2025, 7:00:00 PM)
20.2
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week1.76%
2 Weeks-1.32%
1 Month5.81%
3 Month0.9%
6 Month3.96%
12 Month11.66%
2 Year36.58%
3 Year5.65%
5 Year65.03%
10 Year-3.21%
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%0.84%
ATR Inc-74.36%
Range Today0.04
ADR(20)0.11
ADR(20)%0.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.8
Mansfield0.12
10 Day High20.25
10 Day Low19.75
20 Day High20.52
20 Day Low19
52 Week High20.92
52 Week Low16.74
CS1 End20.13
CR1 Start20.53
Volume & EV
DER(3)0%
DER(5)0%
Volume2.20K
Volume Incr416.65%
Vol(5)29.94K
Vol(50)12.17K