ENBRIDGE INC - ENBCN 5.538 PERP (ENB-PR-F.CA) Technical Analysis
TSX:ENB-PR-F • CA29250N8659
We assign a technical rating of 7 out of 10 to ENB-PR-F. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ENB-PR-F is only an average performer.
- Warning: ENB-PR-F has an average volume of 9428 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!
- A new 52 week high is currently being made by ENB-PR-F, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so ENB-PR-F is leading the market.
- When compared to the yearly performance of all other stocks, ENB-PR-F outperforms 52% of them, which is more or less in line with the market.
- ENB-PR-F is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry, ENB-PR-F did better than 45% of them.
- In the last month ENB-PR-F has a been trading in a tight range between 22.03 and 22.82.
- Considerably lower volume is observed in the last couple of days.
ENB-PR-F has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.66, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ENB-PR-F in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
16.98
We found 5 important support areas.
- A support zone ranging from 22.10 to 22.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.64 to 21.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 20.68 to 20.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.02 from a trend line in the weekly time frame.
- Support @17.15 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.75 to 22.75. 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-F.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PR-F.CA is up. |
| ChartMill Relative Strength | 52.78 | NEUTRAL | ENB-PR-F.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-F.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PR-F.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PR-F.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.44 | NEUTRAL | The RSI value for ENB-PR-F.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ENB-PR-F.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.79 | NEUTRAL | The Stochastics value for ENB-PR-F.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-F.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.14 | POSITIVE | The high ADX value value for ENB-PR-F.CA suggests a strong trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.76 | 22.31 | 0.45 (1.98%) | 25.00% |
| An entry @22.76. This is a Buy Stop order right above the resistance zone. | An exit @22.31. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.45 points, which is 1.98%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- 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.
ENB-PR-F.CA Technicals: Chart, Performance Metrics, Trend & Indicators
ENBRIDGE INC - ENBCN 5.538 PERP
TSX:ENB-PR-F (3/11/2026, 7:00:00 PM)
22.69
+0.06 (+0.27%)
ENBRIDGE INC - ENBCN 5.538 PERP / ENB-PR-F.CA FAQ
Can you provide the ChartMill technical rating for ENBRIDGE INC - ENBCN 5.538 PERP?
ChartMill assigns a technical rating of 7 / 10 to ENB-PR-F.CA.
What is the trend direction for ENB-PR-F stock?
The current trend direction for ENBRIDGE INC - ENBCN 5.538 PERP (ENB-PR-F.CA) is Bullish.
What is the RSI signal for ENBRIDGE INC - ENBCN 5.538 PERP (ENB-PR-F.CA) stock?
ENBRIDGE INC - ENBCN 5.538 PERP (ENB-PR-F.CA) has an RSI value of 63.4432. This indicates that the stock is currently neutral.
What is the buy/sell signal for ENB-PR-F stock?
The buy/sell signal for ENBRIDGE INC - ENBCN 5.538 PERP (ENB-PR-F.CA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ENBRIDGE INC - ENBCN 5.538 PERP (ENB-PR-F.CA) stock?
ENBRIDGE INC - ENBCN 5.538 PERP (ENB-PR-F.CA) has a support level at 22.66 and a resistance level at 22.75. Check the full technical report for our detailed analysis of ENB-PR-F.CA support and resistance levels.