ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) Technical Analysis
TSX:ENB-PR-J • CA29250N6422
Current stock price
ENB-PR-J.CA Technical Rating and Analysis
Overall ENB-PR-J gets a technical rating of 6 out of 10. Although ENB-PR-J is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- ENB-PR-J is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 60% are performing better than ENB-PR-J.
- Warning: ENB-PR-J has an average volume of 8839 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!
- ENB-PR-J is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ENB-PR-J is leading the market.
- When compared to the yearly performance of all other stocks, ENB-PR-J outperforms 55% of them, which is more or less in line with the market.
- In the last month ENB-PR-J has a been trading in a tight range between 22.91 and 23.59.
- Considerably lower volume is observed in the last couple of days.
ENB-PR-J.CA Weekly and Daily overview Charts
ENB-PR-J.CA Setup Rating and Analysis
Although the technical rating is only medium, ENB-PR-J does present a nice setup opportunity. 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 23.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.34, a Stop Loss order could be placed below this zone.
More info and screens
ENB-PR-J.CA Support and Resistance Analysis
19.23
5 important support areas can be observed.
- A support zone ranging from 22.72 to 23.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.22 to 22.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.55 from a horizontal line in the weekly time frame.
- Support @20.24 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 23.51 to 23.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
ENB-PR-J.CA 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.
| 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 | 55.6 | NEUTRAL | ENB-PR-J.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ENB-PR-J.CA is above a declining 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) | 52.65 | NEUTRAL | The RSI value for ENB-PR-J.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ENB-PR-J.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.16 | NEUTRAL | The Stochastics value for ENB-PR-J.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.57 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-J.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 5.05 | NEGATIVE | The low ADX value for ENB-PR-J.CA suggests a weak or negative trend. |
ENB-PR-J.CA Chart- and CandleStick Pattern Analysis
ENB-PR-J.CA 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.65 | 22.90 | 0.75 (3.17%) | 25.00% |
| An entry @23.65. This is a Buy Stop order right above the resistance zone. | An exit @22.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.75 points, which is 3.17%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- 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-J.CA Technicals: Chart, Performance Metrics, Trend & Indicators
ENBRIDGE INC - ENBCN 5.988 PERP
TSX:ENB-PR-J (4/6/2026, 7:00:00 PM)
23.4
+0.05 (+0.21%)
ENBRIDGE INC - ENBCN 5.988 PERP / ENB-PR-J.CA TA FAQ
Can you provide the ChartMill technical rating for ENBRIDGE INC - ENBCN 5.988 PERP?
ChartMill assigns a technical rating of 6 / 10 to ENB-PR-J.CA.
Can you provide the trend direction for ENBRIDGE INC - ENBCN 5.988 PERP?
The current trend direction for ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) is Bullish.
What is the RSI signal for ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) stock?
ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) has an RSI value of 52.6479. This indicates that the stock is currently neutral.
What is the buy/sell signal for ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) stock?
The buy/sell signal for ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ENB-PR-J stock?
ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) has a support level at 23.34 and a resistance level at 23.51. Check the full technical report for our detailed analysis of ENB-PR-J.CA support and resistance levels.