ENBRIDGE INC - ENBCN 5.85792 PERP (ENB-PF-U.CA) Stock Technical Analysis
Canada - TSX:ENB-PF-U - CA29250N7909
We assign a technical rating of 4 out of 10 to ENB-PF-U. In the last year, ENB-PF-U was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is only medium, ENB-PF-U does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 23.99, 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
21.40
We found 3 important support areas.
- A support zone ranging from 23.50 to 23.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.46 to 22.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.62 to 21.89. 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 24.09 to 24.50. This zone is formed by a combination of multiple trend lines and important moving averages 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-U.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ENB-PF-U.CA is neutral. |
| ChartMill Relative Strength | 38.17 | NEUTRAL | ENB-PF-U.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENB-PF-U.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PF-U.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PF-U.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.38 | NEUTRAL | The RSI value for ENB-PF-U.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ENB-PF-U.CA has a negative trend. |
| Stochastics (14,3) | 33.95 | NEUTRAL | The Stochastics value for ENB-PF-U.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PF-U.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 20.91 | NEUTRAL | The ADX value for ENB-PF-U.CA suggests a possible start of a new trend. |
ENBRIDGE INC - ENBCN 5.85792 PERP
TSX:ENB-PF-U (10/28/2025, 7:00:00 PM)
24.04
-0.06 (-0.25%)
ENBRIDGE INC - ENBCN 5.85792 PERP / ENB-PF-U.CA FAQ
What is the ChartMill technical rating of ENBRIDGE INC - ENBCN 5.85792 PERP (ENB-PF-U.CA) stock?
ChartMill assigns a technical rating of 4 / 10 to ENB-PF-U.CA.
What is the trend direction for ENB-PF-U stock?
The current trend direction for ENBRIDGE INC - ENBCN 5.85792 PERP (ENB-PF-U.CA) is Bullish.
What is the RSI signal for ENBRIDGE INC - ENBCN 5.85792 PERP (ENB-PF-U.CA) stock?
ENBRIDGE INC - ENBCN 5.85792 PERP (ENB-PF-U.CA) has an RSI value of 47.3769. This indicates that the stock is currently neutral.
What is the MACD signal for ENB-PF-U stock?
The MACD indicator for ENBRIDGE INC - ENBCN 5.85792 PERP (ENB-PF-U.CA) has a value of -0.0119025, indicating a bearish trend.