ENBRIDGE INC - ENBCN 6.314 PERP (ENB-PR-T.CA) Stock Technical Analysis
TSX:ENB-PR-T - Toronto Stock Exchange - CA29250N7339 - Currency: CAD
We assign a technical rating of 7 out of 10 to ENB-PR-T. In the last year, ENB-PR-T was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
ENB-PR-T has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 21.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.41, a Stop Loss order could be placed below this zone.
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18.88
4 important support areas can be observed.
- A support zone ranging from 20.94 to 21.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.50 to 20.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.74 from a trend line in the weekly time frame.
- A support zone ranging from 19.07 to 19.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.52 to 21.78. 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-T.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PR-T.CA is up. |
| ChartMill Relative Strength | 54.05 | NEUTRAL | ENB-PR-T.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-T.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PR-T.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PR-T.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.15 | NEUTRAL | The RSI value for ENB-PR-T.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ENB-PR-T.CA has a negative trend. |
| Stochastics (14,3) | 85.47 | OVERBOUGHT | The high Stochastics value suggests ENB-PR-T.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-T.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 37.31 | POSITIVE | The high ADX value value for ENB-PR-T.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 |
|---|---|---|---|
| 21.47 | 21.32 | 0.15 (0.70%) | 25.00% |
| An entry @21.47. This is a Buy Stop order right above the 10 day high. | An exit @21.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.15 points, which is 0.70%. | For a 0.17% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 6.314 PERP
TSX:ENB-PR-T (6/23/2025, 7:00:00 PM)
21.42
+0.02 (+0.09%)