ENBRIDGE INC - ENBCN 6.112 PERP (ENB-PR-H.CA) Stock Technical Analysis
TSX:ENB-PR-H - Toronto Stock Exchange - CA29250N8402 - Currency: CAD
Taking everything into account, ENB-PR-H scores 7 out of 10 in our technical rating. In the last year, ENB-PR-H was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
ENB-PR-H has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 21.07. Right above this resistance zone may be a good entry point.
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18.48
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.08 to 20.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.41 from a trend line in the weekly time frame.
- Support @18.97 from a horizontal line in the weekly time frame.
- Support @18.67 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.07 to 21.45. 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-H.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PR-H.CA is up. |
| ChartMill Relative Strength | 52.84 | NEUTRAL | ENB-PR-H.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-H.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PR-H.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PR-H.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.03 | NEUTRAL | The RSI value for ENB-PR-H.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ENB-PR-H.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.19 | NEUTRAL | The Stochastics value for ENB-PR-H.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-H.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.2 | POSITIVE | The high ADX value value for ENB-PR-H.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 |
|---|---|---|---|
| 21.16 | 20.87 | 0.29 (1.37%) | 25.00% |
| An entry @21.16. This is a Buy Stop order right above the 10 day high. | An exit @20.87. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.29 points, which is 1.37%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.34%. |
- 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 6.112 PERP
TSX:ENB-PR-H (6/23/2025, 7:00:00 PM)
21
+0.06 (+0.29%)