ENBRIDGE INC - ENBCN 6.7037 PERP (ENB-PR-V.CA) Stock Technical Analysis
TSX:ENB-PR-V - Toronto Stock Exchange - CA29250N7172 - Currency: USD
Taking everything into account, ENB-PR-V scores 6 out of 10 in our technical rating. In the last year, ENB-PR-V was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Warning: ENB-PR-V has an average volume of 5334 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ENB-PR-V is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ENB-PR-V is lagging the market slightly.
When compared to the yearly performance of all other stocks, ENB-PR-V outperforms 49% of them, which is more or less in line with the market.
ENB-PR-V is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry, ENB-PR-V did better than 61% of them.
In the last month ENB-PR-V has a been trading in a tight range between 23.21 and 23.84.
Although the technical rating is only medium, ENB-PR-V does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 23.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ENB-PR-V in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
22.00
24.37
2 important support areas can be observed.
- A support zone ranging from 22.87 to 23.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.22 to 22.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.10 to 24.13. 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-V.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PR-V.CA is up. |
| ChartMill Relative Strength | 49.46 | NEUTRAL | ENB-PR-V.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-V.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PR-V.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PR-V.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.65 | NEUTRAL | The RSI value for ENB-PR-V.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ENB-PR-V.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.64 | NEUTRAL | The Stochastics value for ENB-PR-V.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.54 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-V.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.58 | NEGATIVE | The low ADX value for ENB-PR-V.CA suggests a weak or negative 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)
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 |
|---|---|---|---|
| 23.85 | 23.47 | 0.38 (1.59%) | 25.00% |
| An entry @23.85. This is a Buy Stop order right above the 10 day high. | An exit @23.47. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.38 points, which is 1.59%. | For a 0.40% 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 6.7037 PERP
TSX:ENB-PR-V (6/23/2025, 7:00:00 PM)
23.67
+0.07 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.3%
1 Week0.08%
2 Weeks0.77%
1 Month1.37%
3 Month-0.04%
6 Month-0.13%
12 Month10.2%
2 Year10.14%
3 Year-0.34%
5 Year35.96%
10 Year17.53%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.54%
ATR Inc69.94%
Range Today0.17
ADR(20)0.11
ADR(20)%0.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.46
Mansfield-0.2
10 Day High23.84
10 Day Low23.48
20 Day High23.84
20 Day Low23.21
52 Week High24.18
52 Week Low21.34
CS1 End23.64
CR1 Start24.1
Volume & EV
DER(3)6.38%
DER(5)5.59%
Volume1.59K
Volume Incr9.48%
Vol(5)4.30K
Vol(50)5.33K