ENBRIDGE INC - ENBCN 6.683 PERP (ENB-PF-V.CA) Stock Technical Analysis
TSX:ENB-PF-V - Toronto Stock Exchange - CA29250N6679 - Currency: USD
We assign a technical rating of 5 out of 10 to ENB-PF-V. ENB-PF-V 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-V has an average volume of 5091 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-V 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-V is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, ENB-PF-V outperforms 55% of them, which is more or less in line with the market.
ENB-PF-V is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, ENB-PF-V did better than 68% of them.
In the last month ENB-PF-V has a been trading in a tight range between 23.02 and 24.15.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, ENB-PF-V 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 24.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.82, 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
21.37
24.54
3 important support areas can be observed.
- A support zone ranging from 23.54 to 23.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.81 to 23.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.59 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.09 to 24.30. 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-V.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PF-V.CA is up. |
| ChartMill Relative Strength | 55.45 | NEUTRAL | ENB-PF-V.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-V.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ENB-PF-V.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PF-V.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.12 | NEUTRAL | The RSI value for ENB-PF-V.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ENB-PF-V.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.35 | NEUTRAL | The Stochastics value for ENB-PF-V.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PF-V.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 27.94 | POSITIVE | The high ADX value value for ENB-PF-V.CA suggests a strong 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)
ENBRIDGE INC - ENBCN 6.683 PERP
TSX:ENB-PF-V (5/30/2025, 7:00:00 PM)
23.85
-0.1 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.42%
1 Week0%
2 Weeks0.97%
1 Month2.93%
3 Month-0.67%
6 Month-0.42%
12 Month9.15%
2 Year22.62%
3 Year4.38%
5 Year60.71%
10 Year14.11%
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%0.94%
ATR Inc-30.56%
Range Today0
ADR(20)0.15
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.45
Mansfield-0.14
10 Day High24.01
10 Day Low23.62
20 Day High24.15
20 Day Low23.02
52 Week High24.5
52 Week Low21.11
CS1 End23.82
CR1 Start24.09
Volume & EV
DER(3)0%
DER(5)0%
Volume400
Volume Incr60.04%
Vol(5)11.18K
Vol(50)5.09K