ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) Stock Technical Analysis
Canada - TSX:ENB-PR-P - CA29250N7586
Overall ENB-PR-P gets a technical rating of 7 out of 10. 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.
ENB-PR-P has an excellent technical rating, but the quality of the setup is only medium 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
17.69
4 important support areas can be observed.
- A support zone ranging from 21.40 to 22.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.51 from a horizontal line in the daily time frame.
- Support @18.82 from a trend line in the weekly time frame.
- Support @17.87 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.38 to 22.44. 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-P.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PR-P.CA is up. |
| ChartMill Relative Strength | 49.35 | NEUTRAL | ENB-PR-P.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-P.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PR-P.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PR-P.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.73 | OVERBOUGHT | The high RSI value suggests ENB-PR-P.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ENB-PR-P.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.77 | OVERBOUGHT | The high Stochastics value suggests ENB-PR-P.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-P.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 42.89 | POSITIVE | The high ADX value value for ENB-PR-P.CA suggests a strong 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 |
|---|---|---|---|
| 22.45 | 21.79 | 0.66 (2.94%) | 25.00% |
| An entry @22.45. This is a Buy Stop order right above the resistance zone. | An exit @21.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.66 points, which is 2.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- 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
TSX:ENB-PR-P (11/7/2025, 7:00:00 PM)
22.3
-0.02 (-0.09%)
ENBRIDGE INC - ENBCN 5.918 PERP / ENB-PR-P.CA FAQ
What is the technical rating for ENB-PR-P stock?
ChartMill assigns a technical rating of 7 / 10 to ENB-PR-P.CA.
Can you provide the trend direction for ENBRIDGE INC - ENBCN 5.918 PERP?
The current trend direction for ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) is Bullish.
What is the RSI signal for ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) stock?
ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) has an RSI value of 71.7276. This indicates that the stock is currently overbought.
What is the buy/sell signal for ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) stock?
The buy/sell signal for ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ENB-PR-P stock?
ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) has a support level at 22.25 and a resistance level at 22.38. Check the full technical report for our detailed analysis of ENB-PR-P.CA support and resistance levels.