ENBRIDGE INC - ENBCN 5 1/2 PERP (ENB-PR-A.CA) Stock Technical Analysis
TSX:ENB-PR-A - Toronto Stock Exchange - CA29250N2041 - Currency: CAD
Overall ENB-PR-A gets a technical rating of 5 out of 10. In the last year, ENB-PR-A was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, ENB-PR-A 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 23.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.34, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
21.61
2 important support areas can be observed.
- A support zone ranging from 22.51 to 23.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.83 to 22.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @23.50 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 23.88 to 23.88. 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-PR-A.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PR-A.CA is up. |
| ChartMill Relative Strength | 48.62 | NEUTRAL | ENB-PR-A.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENB-PR-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ENB-PR-A.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PR-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.52 | NEUTRAL | The RSI value for ENB-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ENB-PR-A.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.92 | NEUTRAL | The Stochastics value for ENB-PR-A.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-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 6.49 | NEGATIVE | The low ADX value for ENB-PR-A.CA suggests a weak or negative trend. |
ENBRIDGE INC - ENBCN 5 1/2 PERP
TSX:ENB-PR-A (6/23/2025, 7:00:00 PM)
23.41
+0.09 (+0.39%)