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ENBRIDGE INC - ENBCN 6.212 PERP (ENB-PF-K.CA) Stock Technical Analysis

TSX:ENB-PF-K - Toronto Stock Exchange - CA29250N5192 - Currency: CAD

24.25  +0.08 (+0.33%)

Technical Rating and Analysis

7

Taking everything into account, ENB-PF-K scores 7 out of 10 in our technical rating. Although ENB-PF-K is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: ENB-PF-K has an average volume of 10273 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
ENB-PF-K is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. ENB-PF-K outperforms 71% of them.
ENB-PF-K 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-K is performing more or less in line with the market.
When comparing the performance of all stocks over the past year, ENB-PF-K turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
In the last month ENB-PF-K has a been trading in a tight range between 23.50 and 24.51.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
ENBRIDGE INC - ENBCN 6.212 PERP / ENB-PF-K Weekly stock chart
ENBRIDGE INC - ENBCN 6.212 PERP / ENB-PF-K Daily stock chart
Setup Rating and Analysis

8

ENB-PF-K has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.16, 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.
Support and Resistance Analysis

23.18

24.85

2 important support areas can be observed.

  • A support zone ranging from 23.83 to 24.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @23.41 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 24.27 to 24.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ENB-PF-K.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ENB-PF-K.CA is up.
ChartMill Relative Strength58.08NEUTRALENB-PF-K.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ENB-PF-K.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ENB-PF-K.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ENB-PF-K.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)56.19NEUTRALThe RSI value for ENB-PF-K.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests ENB-PF-K.CA has a positive trend.
Stochastics (14,3)72.94NEUTRALThe Stochastics value for ENB-PF-K.CA is a neutral value.
Average True Range in percent/ATR (20)0.81LOW VOLATILITYThe low ATR as a percentage value for ENB-PF-K.CA suggests low volalility.
Average Directional Index/ADX (14)17.36NEGATIVEThe low ADX value for ENB-PF-K.CA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
24.6123.820.79 (3.21%)25.00%
An entry @24.61. This is a Buy Stop order right above the resistance zone.An exit @23.82. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.79 points, which is 3.21%.For a 0.80% 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 6.212 PERP / ENB-PF-K Daily stock chart

ENBRIDGE INC - ENBCN 6.212 PERP

TSX:ENB-PF-K (5/30/2025, 7:00:00 PM)

24.25

+0.08 (+0.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.33%
1 Week0.62%
2 Weeks0.87%
1 Month1%
3 Month2.02%
6 Month6.13%
12 Month7.78%
2 Year7.78%
3 Year-3.39%
5 Year17.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%0.81%
ATR Inc-50.17%
Range Today0
ADR(20)0.16
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.08
Mansfield0.07
10 Day High24.39
10 Day Low23.5
20 Day High24.51
20 Day Low23.5
52 Week High24.67
52 Week Low20.61
CS1 End24.16
CR1 Start24.27
Volume & EV
DER(3)0%
DER(5)0%
Volume6.60K
Volume Incr294.75%
Vol(5)28.37K
Vol(50)10.27K