ENBRIDGE INC - ENBCN 6.212 PERP (ENB-PF-K.CA) Stock Technical Analysis
TSX:ENB-PF-K - Toronto Stock Exchange - CA29250N5192 - Currency: CAD
Overall ENB-PF-K gets a technical rating of 6 out of 10. ENB-PF-K was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Warning: ENB-PF-K has an average volume of 6852 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that ENB-PF-K is one of the better performing stocks in the market, outperforming 71% of all stocks. We also observe that the gains produced by ENB-PF-K over the past year are nicely spread over this period.
ENB-PF-K is part of the Oil, Gas & Consumable Fuels industry. There are 218 other stocks in this industry. ENB-PF-K outperforms 90% of them.
ENB-PF-K is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ENB-PF-K slightly outperforms the market at the moment.
In the last month ENB-PF-K has a been trading in the 22.24 - 24.67 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ENB-PF-K does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.90, a Stop Loss order could be placed below this zone.
More info and screens
21.75
24.85
3 important support areas can be observed.
- A support zone ranging from 23.12 to 23.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.67 from a horizontal line in the daily time frame.
- A support zone ranging from 21.97 to 22.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.28 to 24.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.42
Mansfield0.5
10 Day High24.11
10 Day Low22.9
20 Day High24.67
20 Day Low22.24
52 Week High24.67
52 Week Low20.61
Performance
1 Week2.78%
2 Weeks0.42%
1 Month-0.83%
3 Month0.21%
6 Month3.94%
12 Month12.88%
2 Year6.71%
3 Year-4.34%
5 Year15.99%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.08
RSI(14)56.48
LBB22.64
UBB24.11
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 |
|---|---|---|---|
| 24.61 | 23.11 | 1.50 (6.10%) | 16.41% |
| An entry @24.61. This is a Buy Stop order right above the resistance zone. | An exit @23.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.50 points, which is 6.10%. | For a 1.00% total portfolio risk, you can invest 16.41% 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
TSX:ENB-PF-K (5/1/2025, 7:00:00 PM)
24.01
+0.23 (+0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.97%
1 Week2.78%
2 Weeks0.42%
1 Month-0.83%
3 Month0.21%
6 Month3.94%
12 Month12.88%
2 Year6.71%
3 Year-4.34%
5 Year15.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%2.22%
ATR Inc-26.95%
Range Today0.16
ADR(20)0.45
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.42
Mansfield0.5
10 Day High24.11
10 Day Low22.9
20 Day High24.67
20 Day Low22.24
52 Week High24.67
52 Week Low20.61
CS1 End23.9
CR1 Start24.28
Volume & EV
DER(3)0%
DER(5)0%
Volume2.00K
Volume Incr-70.45%
Vol(5)2.89K
Vol(50)6.85K