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ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) Stock Technical Analysis

TSX:ENB-PR-P - Toronto Stock Exchange - CA29250N7586 - Currency: CAD

20.67  +0.16 (+0.78%)

Technical Rating and Analysis

7

Taking everything into account, ENB-PR-P scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ENB-PR-P is only an average performer.

Warning: ENB-PR-P has an average volume of 9615 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-P is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, ENB-PR-P turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
ENB-PR-P is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 68% of 220 stocks in the same industry.
In the last month ENB-PR-P has a been trading in a tight range between 20.31 and 20.92.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
ENBRIDGE INC - ENBCN 5.918 PERP / ENB-PR-P Weekly stock chart
ENBRIDGE INC - ENBCN 5.918 PERP / ENB-PR-P Daily stock chart
Setup Rating and Analysis

8

ENB-PR-P has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 20.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.65, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

17.53

21.01

4 important support areas can be observed.

  • A support zone ranging from 20.09 to 20.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @19.56 from a trend line in the weekly time frame.
  • A support zone ranging from 19.01 to 19.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @17.71 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 20.78 to 20.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.13
Mansfield-0.12
10 Day High20.76
10 Day Low20.36
20 Day High20.92
20 Day Low20.31
52 Week High20.92
52 Week Low17.5
Performance
1 Week0.24%
2 Weeks0.1%
1 Month0.83%
3 Month7.32%
6 Month7.54%
12 Month12.4%
2 Year24.07%
3 Year8.22%
5 Year39.66%
10 Year1.82%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)56.44
LBB20.46
UBB20.83
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.

ENTRYEXITDISTANCECAPITAL
20.8120.350.46 (2.21%)25.00%
An entry @20.81. This is a Buy Stop order right above the resistance zone.An exit @20.35. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.46 points, which is 2.21%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%.

  • 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 5.918 PERP / ENB-PR-P Daily stock chart

ENBRIDGE INC - ENBCN 5.918 PERP

TSX:ENB-PR-P (2/11/2025, 7:00:00 PM)

20.67

+0.16 (+0.78%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.78%
1 Week0.24%
2 Weeks0.1%
1 Month0.83%
3 Month7.32%
6 Month7.54%
12 Month12.4%
2 Year24.07%
3 Year8.22%
5 Year39.66%
10 Year1.82%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.73%
ATR Inc-19.35%
Range Today0.15
ADR(20)0.14
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.13
Mansfield-0.12
10 Day High20.76
10 Day Low20.36
20 Day High20.92
20 Day Low20.31
52 Week High20.92
52 Week Low17.5
CS1 End20.65
CR1 Start20.78
Volume & EV
DER(3)1.59%
DER(5)0.61%
Volume6.83K
Volume Incr-64.36%
Vol(5)5.30K
Vol(50)9.62K