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ENBRIDGE INC - ENBCN 5.202 PERP (ENB-PR-B.CA) Stock Technical Analysis

TSX:ENB-PR-B - Toronto Stock Exchange - CA29250N7099 - Currency: CAD

19.15  +0.07 (+0.37%)

Technical Rating and Analysis

7

Overall ENB-PR-B gets a technical rating of 7 out of 10. Although ENB-PR-B is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: ENB-PR-B has an average volume of 14311 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-PR-B is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. ENB-PR-B outperforms 71% of them.
ENB-PR-B is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, ENB-PR-B turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
In the last month ENB-PR-B has a been trading in a tight range between 19.00 and 19.40.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
ENBRIDGE INC - ENBCN 5.202 PERP / ENB-PR-B Weekly stock chart
ENBRIDGE INC - ENBCN 5.202 PERP / ENB-PR-B Daily stock chart
Setup Rating and Analysis

5

Besides having an excellent technical rating, ENB-PR-B also presents a decent setup pattern. Prices have been consolidating lately. 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.
Support and Resistance Analysis

16.40

19.51

We found 3 important support areas.

  • A support zone ranging from 18.13 to 18.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 17.48 to 17.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @16.57 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 19.19 to 19.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.16
Mansfield-0.04
10 Day High19.4
10 Day Low19
20 Day High19.4
20 Day Low19
52 Week High19.4
52 Week Low16.11
Performance
1 Week-0.16%
2 Weeks-0.47%
1 Month-0.05%
3 Month8.81%
6 Month7.64%
12 Month14.12%
2 Year6.27%
3 Year1.22%
5 Year44.53%
10 Year0.58%
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)-0.05
RSI(14)55.53
LBB19.06
UBB19.36
ENBRIDGE INC - ENBCN 5.202 PERP / ENB-PR-B Daily stock chart

ENBRIDGE INC - ENBCN 5.202 PERP

TSX:ENB-PR-B (2/5/2025, 7:00:00 PM)

19.15

+0.07 (+0.37%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.37%
1 Week-0.16%
2 Weeks-0.47%
1 Month-0.05%
3 Month8.81%
6 Month7.64%
12 Month14.12%
2 Year6.27%
3 Year1.22%
5 Year44.53%
10 Year0.58%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.7%
ATR Inc43.09%
Range Today0.08
ADR(20)0.12
ADR(20)%0.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.16
Mansfield-0.04
10 Day High19.4
10 Day Low19
20 Day High19.4
20 Day Low19
52 Week High19.4
52 Week Low16.11
CS1 End18.24
CR1 Start19.19
Volume & EV
DER(3)-6.51%
DER(5)-2.99%
Volume4.85K
Volume Incr111.75%
Vol(5)23.37K
Vol(50)14.31K