ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) Stock Technical Analysis
TSX:ENB-PR-P - CA29250N7586
Taking everything into account, ENB-PR-P scores 5 out of 10 in our technical rating. In the last year, ENB-PR-P was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
ENB-PR-P has only a medium technical rating, but it does show 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 21.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.73, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.69
4 important support areas can be observed.
- A support zone ranging from 21.42 to 21.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.13 from a horizontal line in the daily time frame.
- Support @18.92 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 21.78 to 22.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ENB-PR-P.CA is neutral. |
| ChartMill Relative Strength | 49.69 | NEUTRAL | ENB-PR-P.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ENB-PR-P.CA is below a declining 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) | 48.36 | NEUTRAL | The RSI value for ENB-PR-P.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ENB-PR-P.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.37 | OVERSOLD | The low Stochastics value suggests ENB-PR-P.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.6 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-P.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.53 | POSITIVE | The high ADX value value for ENB-PR-P.CA suggests a strong trend. |
ENBRIDGE INC - ENBCN 5.918 PERP
TSX:ENB-PR-P (8/29/2025, 7:00:00 PM)
21.75
0 (0%)