ENBRIDGE INC - ENBCN 6.696 PERP (ENB-PR-N.CA) Stock Technical Analysis
TSX:ENB-PR-N - Toronto Stock Exchange - CA29250N7743 - Currency: CAD
We assign a technical rating of 8 out of 10 to ENB-PR-N. Although ENB-PR-N 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-N has an average volume of 14271 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-N 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-N is lagging the market slightly.
When compared to the yearly performance of all other stocks, ENB-PR-N outperforms 56% of them, which is more or less in line with the market.
ENB-PR-N is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 68% of 212 stocks in the same industry.
In the last month ENB-PR-N has a been trading in a tight range between 22.20 and 23.39.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ENB-PR-N also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 23.25, a Stop Loss order could be placed below this zone.
More info and screens
20.30
24.11
3 important support areas can be observed.
- A support zone ranging from 22.25 to 23.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.25 to 21.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.50 to 20.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.71 to 23.87. 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-N.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PR-N.CA is up. |
| ChartMill Relative Strength | 56.22 | NEUTRAL | ENB-PR-N.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-N.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PR-N.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PR-N.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.44 | NEUTRAL | The RSI value for ENB-PR-N.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ENB-PR-N.CA has a negative trend. |
| Stochastics (14,3) | 88.48 | OVERBOUGHT | The high Stochastics value suggests ENB-PR-N.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.6 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-N.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.42 | POSITIVE | The high ADX value value for ENB-PR-N.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)
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 |
|---|---|---|---|
| 23.40 | 23.04 | 0.36 (1.54%) | 25.00% |
| An entry @23.40. This is a Buy Stop order right above the 10 day high. | An exit @23.04. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.36 points, which is 1.54%. | 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 6.696 PERP
TSX:ENB-PR-N (6/23/2025, 7:00:00 PM)
23.31
-0.04 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.17%
1 Week0.26%
2 Weeks0.69%
1 Month4.44%
3 Month2.91%
6 Month1.57%
12 Month11.58%
2 Year31.4%
3 Year20.78%
5 Year75%
10 Year22.68%
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.6%
ATR Inc-35.75%
Range Today0.08
ADR(20)0.14
ADR(20)%0.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.22
Mansfield0.1
10 Day High23.39
10 Day Low23.05
20 Day High23.39
20 Day Low22.2
52 Week High23.87
52 Week Low20.37
CS1 End23.25
CR1 Start23.71
Volume & EV
DER(3)0%
DER(5)0%
Volume3.70K
Volume Incr-79.53%
Vol(5)2.85K
Vol(50)14.27K