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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

24.3  +0.05 (+0.21%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to ENB-PF-K. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ENB-PF-K is only an average performer.

Warning: ENB-PF-K has an average volume of 11183 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-K is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ENB-PF-K is lagging the market slightly.
When compared to the yearly performance of all other stocks, ENB-PF-K outperforms 50% of them, which is more or less in line with the market.
ENB-PF-K is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry, ENB-PF-K did better than 60% of them.
In the last month ENB-PF-K has a been trading in a tight range between 23.54 and 24.39.
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

Although the technical rating is only medium, ENB-PF-K does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.28, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

22.92

24.85

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 23.68 to 24.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @23.15 from a trend line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 24.31 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 Strength50.17NEUTRALENB-PF-K.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNMIXEDThe current price of ENB-PF-K.CA is above a declining 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)DOWNMIXEDThe current price of ENB-PF-K.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)56.48NEUTRALThe RSI value for ENB-PF-K.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests ENB-PF-K.CA has a positive trend.
Stochastics (14,3)92.84OVERBOUGHTThe high Stochastics value suggests ENB-PF-K.CA may be overbought.
Average True Range in percent/ATR (20)0.76LOW VOLATILITYThe low ATR as a percentage value for ENB-PF-K.CA suggests low volalility.
Average Directional Index/ADX (14)15.27NEGATIVEThe 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
24.6123.890.72 (2.93%)25.00%
An entry @24.61. This is a Buy Stop order right above the resistance zone.An exit @23.89. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.72 points, which is 2.93%.For a 0.73% 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 (6/24/2025, 7:00:00 PM)

24.3

+0.05 (+0.21%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.21%
1 Week0.79%
2 Weeks1.25%
1 Month0%
3 Month1.72%
6 Month7.76%
12 Month9.61%
2 Year16.32%
3 Year-2.49%
5 Year13.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%0.76%
ATR Inc-51.22%
Range Today0.07
ADR(20)0.16
ADR(20)%0.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.17
Mansfield-0.2
10 Day High24.32
10 Day Low23.9
20 Day High24.39
20 Day Low23.54
52 Week High24.67
52 Week Low21.79
CS1 End24.28
CR1 Start24.31
Volume & EV
DER(3)0%
DER(5)0%
Volume4.31K
Volume Incr-40.3%
Vol(5)9.80K
Vol(50)11.18K