ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) Stock Technical Analysis
TSX:ENB-PR-J - Toronto Stock Exchange - CA29250N6422 - Currency: CAD
We assign a technical rating of 8 out of 10 to ENB-PR-J. 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.
Warning: ENB-PR-J has an average volume of 4588 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-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 66% of them, which is more or less in line with the market.
ENB-PR-J is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 66% of 214 stocks in the same industry.
In the last month ENB-PR-J has a been trading in a tight range between 21.60 and 22.86.
Although ENB-PR-J has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.38
23.03
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.21 to 22.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.80 from a horizontal line in the daily time frame.
- A support zone ranging from 20.27 to 20.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.58 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.73 to 22.80. 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 | 66.02 | 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) | 82.98 | OVERBOUGHT | The high RSI value suggests ENB-PR-J.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ENB-PR-J.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.18 | OVERBOUGHT | The high Stochastics value suggests ENB-PR-J.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.5 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-J.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 67.84 | POSITIVE | The high ADX value value for ENB-PR-J.CA suggests a strong trend. |
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)
ENBRIDGE INC - ENBCN 5.988 PERP
TSX:ENB-PR-J (8/1/2025, 7:00:00 PM)
22.72
-0.08 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.35%
1 Week1.43%
2 Weeks2.3%
1 Month4.7%
3 Month15.62%
6 Month7.73%
12 Month16.45%
2 Year41.12%
3 Year27.71%
5 Year63.34%
10 Year29.83%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.5%
ATR Inc64.14%
Range Today0
ADR(20)0.09
ADR(20)%0.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.02
Mansfield0.43
10 Day High22.86
10 Day Low22.2
20 Day High22.86
20 Day Low21.6
52 Week High22.86
52 Week Low18.47
CS1 End22.47
CR1 Start22.73
Volume & EV
DER(3)0%
DER(5)0%
Volume200
Volume Incr1.69%
Vol(5)3.88K
Vol(50)4.59K