ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) Stock Technical Analysis
TSX:ENB-PR-P - Toronto Stock Exchange - CA29250N7586 - Currency: CAD
We assign a technical rating of 8 out of 10 to ENB-PR-P. 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 10297 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 one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 70% of 207 stocks in the same industry.
ENB-PR-P is currently making a new 52 week high. This is a strong signal. 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 60% of all stocks.
In the last month ENB-PR-P has a been trading in a tight range between 20.39 and 21.48.
Volume is considerably higher in the last couple of days.
Although ENB-PR-P has an excellent technical rating, it does not offer a high quality setup 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
21.66
When analyzing the support we can see 5 important areas.
- A support zone ranging from 20.44 to 20.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.07 from a horizontal line in the daily time frame.
- Support @18.77 from a trend line in the weekly time frame.
- A support zone ranging from 18.36 to 18.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.87 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.45 to 21.45. 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 | 60.16 | 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) | 76.36 | OVERBOUGHT | The high RSI value suggests ENB-PR-P.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ENB-PR-P.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.37 | OVERBOUGHT | The high Stochastics value suggests ENB-PR-P.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-P.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 45.05 | POSITIVE | The high ADX value value for ENB-PR-P.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 5.918 PERP
TSX:ENB-PR-P (7/11/2025, 7:00:00 PM)
21.43
+0.03 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.14%
1 Week-0.05%
2 Weeks2.78%
1 Month4.69%
3 Month16.72%
6 Month3.98%
12 Month11.32%
2 Year31.47%
3 Year20.46%
5 Year67.03%
10 Year26.06%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.53%
ATR Inc-42.62%
Range Today0.05
ADR(20)0.1
ADR(20)%0.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.16
Mansfield-0.03
10 Day High21.48
10 Day Low20.82
20 Day High21.48
20 Day Low20.39
52 Week High21.48
52 Week Low18.06
CS1 End20.52
CR1 Start21.45
Volume & EV
DER(3)0%
DER(5)0%
Volume63.41K
Volume Incr141.71%
Vol(5)18.48K
Vol(50)10.30K