ENBRIDGE INC - ENBCN 5.288 PERP (ENB-PR-Y.CA) Stock Technical Analysis
TSX:ENB-PR-Y - Toronto Stock Exchange - CA29250N6836 - Currency: CAD
We assign a technical rating of 8 out of 10 to ENB-PR-Y. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ENB-PR-Y is only an average performer.
Warning: ENB-PR-Y has an average volume of 21237 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.
A new 52 week high is currently being made by ENB-PR-Y, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
When compared to the yearly performance of all other stocks, ENB-PR-Y outperforms 50% of them, which is more or less in line with the market.
ENB-PR-Y is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, ENB-PR-Y did better than 59% of them.
In the last month ENB-PR-Y has a been trading in a tight range between 19.08 and 19.80.
Considerably lower volume is observed in the last couple of days.
Although ENB-PR-Y has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.51
20.01
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.89 to 19.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.52 to 17.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.10 to 17.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.68 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.81 to 19.81. 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-Y.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PR-Y.CA is up. |
| ChartMill Relative Strength | 50.2 | NEUTRAL | ENB-PR-Y.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-Y.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PR-Y.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PR-Y.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.45 | OVERBOUGHT | The high RSI value suggests ENB-PR-Y.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ENB-PR-Y.CA has a positive trend. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests ENB-PR-Y.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.4 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-Y.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 36.52 | POSITIVE | The high ADX value value for ENB-PR-Y.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 5.288 PERP
TSX:ENB-PR-Y (7/3/2025, 7:00:00 PM)
19.8
+0.07 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.35%
1 Week1.96%
2 Weeks2.96%
1 Month3.66%
3 Month9.03%
6 Month4.43%
12 Month9.94%
2 Year31.82%
3 Year17.3%
5 Year63.77%
10 Year16.27%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.4%
ATR Inc21.15%
Range Today0.05
ADR(20)0.07
ADR(20)%0.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.2
Mansfield-0.11
10 Day High19.8
10 Day Low19.16
20 Day High19.8
20 Day Low19.08
52 Week High19.8
52 Week Low16.96
CS1 End19.49
CR1 Start19.81
Volume & EV
DER(3)0%
DER(5)0%
Volume7.57K
Volume Incr-78.99%
Vol(5)6.02K
Vol(50)21.24K