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ENBRIDGE INC - ENBCN 5.538 PERP (ENB-PR-F.CA) Stock Technical Analysis

Canada - TSX:ENB-PR-F - CA29250N8659

21.17 CAD
+0.12 (+0.57%)
Last: 10/3/2025, 7:00:00 PM
Technical Rating and Analysis

7

Overall ENB-PR-F gets a technical rating of 7 out of 10. 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 7795 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-F is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ENB-PR-F is lagging the market slightly.
When compared to the yearly performance of all other stocks, ENB-PR-F outperforms 43% 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 53% of them.
In the last month ENB-PR-F has a been trading in a tight range between 20.73 and 21.33.
Weekly and Daily overview Charts
ENBRIDGE INC - ENBCN 5.538 PERP / ENB-PR-F Weekly stock chart
ENBRIDGE INC - ENBCN 5.538 PERP / ENB-PR-F Daily stock chart
Setup Rating and Analysis

8

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 21.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.10, 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.
Support and Resistance Analysis

16.98

21.75

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 20.68 to 21.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @19.97 from a horizontal line in the daily 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 21.22 to 21.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ENB-PR-F.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ENB-PR-F.CA is up.
ChartMill Relative Strength43.52NEUTRALENB-PR-F.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ENB-PR-F.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ENB-PR-F.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ENB-PR-F.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)56.55NEUTRALThe RSI value for ENB-PR-F.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.02POSITIVEThe MACD value suggests ENB-PR-F.CA has a positive trend.
Stochastics (14,3)64.33NEUTRALThe Stochastics value for ENB-PR-F.CA is a neutral value.
Average True Range in percent/ATR (20)0.66LOW VOLATILITYThe low ATR as a percentage value for ENB-PR-F.CA suggests low volalility.
Average Directional Index/ADX (14)23.43NEUTRALThe ADX value for ENB-PR-F.CA suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
21.3120.860.45 (2.11%)25.00%
An entry @21.31. This is a Buy Stop order right above the 10 day high.An exit @20.86. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.45 points, which is 2.11%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%.

  • 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.
ENBRIDGE INC - ENBCN 5.538 PERP / ENB-PR-F Daily stock chart

ENBRIDGE INC - ENBCN 5.538 PERP

TSX:ENB-PR-F (10/3/2025, 7:00:00 PM)

21.17

+0.12 (+0.57%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.57%
1 Week0.57%
2 Weeks1.53%
1 Month0.47%
3 Month3.77%
6 Month14.12%
12 Month11.48%
2 Year39.55%
3 Year15.37%
5 Year60.14%
10 Year27.15%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.66%
ATR Inc5.18%
Range Today0.14
ADR(20)0.13
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
CRS43.52
Mansfield-0.38
10 Day High21.3
10 Day Low20.87
20 Day High21.33
20 Day Low20.73
52 Week High21.57
52 Week Low17.29
CS1 End21.1
CR1 Start21.22
Volume & EV
DER(3)-2.77%
DER(5)-2.49%
Volume6.10K
Volume Incr11.08%
Vol(5)9.89K
Vol(50)7.80K