ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:ENB-PR-J • CA29250N6422
We assign a technical rating of 7 out of 10 to ENB-PR-J. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ENB-PR-J is only an average performer.
- Warning: ENB-PR-J has an average volume of 7327 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-J, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- When compared to the yearly performance of all other stocks, ENB-PR-J outperforms 43% of them, which is more or less in line with the market.
- ENB-PR-J is part of the Oil, Gas & Consumable Fuels industry. There are 216 other stocks in this industry, ENB-PR-J did better than 41% of them.
- In the last month ENB-PR-J has a been trading in a tight range between 22.70 and 23.05.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, ENB-PR-J 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 23.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.91, a Stop Loss order could be placed below this zone.
More info and screens
19.23
We found 4 important support areas.
- A support zone ranging from 22.15 to 22.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.55 to 21.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.02 from a trend line in the weekly time frame.
- Support @19.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.00 to 23.03. 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-J.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PR-J.CA is up. |
| ChartMill Relative Strength | 43.14 | NEUTRAL | ENB-PR-J.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-J.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PR-J.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PR-J.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.48 | NEUTRAL | The RSI value for ENB-PR-J.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ENB-PR-J.CA has a negative trend. |
| Stochastics (14,3) | 85.43 | OVERBOUGHT | The high Stochastics value suggests ENB-PR-J.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-J.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.2 | NEGATIVE | The low ADX value for ENB-PR-J.CA suggests a weak or negative 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 |
|---|---|---|---|
| 23.04 | 22.69 | 0.35 (1.52%) | 25.00% |
| An entry @23.04. This is a Buy Stop order right above the resistance zone. | An exit @22.69. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.35 points, which is 1.52%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- 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 5.988 PERP
TSX:ENB-PR-J (2/3/2026, 7:00:00 PM)
22.95
-0.06 (-0.26%)
ENBRIDGE INC - ENBCN 5.988 PERP / ENB-PR-J.CA FAQ
Can you provide the ChartMill technical rating for ENBRIDGE INC - ENBCN 5.988 PERP?
ChartMill assigns a technical rating of 7 / 10 to ENB-PR-J.CA.
What is the trend direction for ENB-PR-J stock?
The current trend direction for ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) is Bullish.
What is the RSI signal for ENB-PR-J stock?
ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) has an RSI value of 56.4765. This indicates that the stock is currently neutral.
What is the MACD signal for ENB-PR-J stock?
The MACD indicator for ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) has a value of -0.0068042, indicating a bearish trend.
Can you provide the support and resistance levels for ENBRIDGE INC - ENBCN 5.988 PERP?
ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) has a support level at 22.91 and a resistance level at 23. Check the full technical report for our detailed analysis of ENB-PR-J.CA support and resistance levels.