ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ENB-PR-P - CA29250N7586
Taking everything into account, ENB-PR-P scores 7 out of 10 in our technical rating. Although ENB-PR-P is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although ENB-PR-P has an excellent technical rating, the quality of the presented setup is not ideal 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.
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17.69
4 important support areas can be observed.
- A support zone ranging from 21.67 to 22.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.19 to 21.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.96 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 22.50 to 22.62. 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 | UP | POSITIVE | The short term trend for ENB-PR-P.CA is up. |
| ChartMill Relative Strength | 45.8 | 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) | 57.94 | NEUTRAL | The RSI value for ENB-PR-P.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ENB-PR-P.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.05 | OVERBOUGHT | The high Stochastics value suggests ENB-PR-P.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.52 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-P.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.98 | NEGATIVE | The low ADX value for ENB-PR-P.CA suggests a weak or negative trend. |
ENBRIDGE INC - ENBCN 5.918 PERP
TSX:ENB-PR-P (1/6/2026, 7:00:00 PM)
22.49
-0.06 (-0.24%)
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.
What is the trend direction for ENB-PR-P stock?
The current trend direction for ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) is Bullish.
What is the RSI signal for ENB-PR-P stock?
ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) has an RSI value of 57.9377. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ENBRIDGE INC - ENBCN 5.918 PERP?
The MACD indicator for ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) has a value of 0.00847366, indicating a bearish trend.
What are the support and resistance levels for ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) stock?
ENBRIDGE INC - ENBCN 5.918 PERP (ENB-PR-P.CA) has a support level at 22.44 and a resistance level at 22.5. Check the full technical report for our detailed analysis of ENB-PR-P.CA support and resistance levels.