ENBRIDGE INC - ENBCN 5.288 PERP (ENB-PR-Y.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ENB-PR-Y - CA29250N6836
We assign a technical rating of 7 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.
ENB-PR-Y has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 21.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.36, a Stop Loss order could be placed below this zone.
More info and screens
16.51
3 important support areas can be observed.
- A support zone ranging from 20.02 to 21.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.56 from a horizontal line in the weekly time frame.
- 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 21.51 to 21.58. 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 | 57.16 | 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) | 64.07 | NEUTRAL | The RSI value for ENB-PR-Y.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ENB-PR-Y.CA has a positive trend. |
| Stochastics (14,3) | 90.33 | OVERBOUGHT | The high Stochastics value suggests ENB-PR-Y.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-Y.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.28 | POSITIVE | The high ADX value value for ENB-PR-Y.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 |
|---|---|---|---|
| 21.59 | 21.14 | 0.45 (2.08%) | 25.00% |
| An entry @21.59. This is a Buy Stop order right above the resistance zone. | An exit @21.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.45 points, which is 2.08%. | For a 0.52% 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 5.288 PERP
TSX:ENB-PR-Y (12/24/2025, 7:00:00 PM)
21.5
+0.06 (+0.28%)
ENBRIDGE INC - ENBCN 5.288 PERP / ENB-PR-Y.CA FAQ
What is the technical rating for ENB-PR-Y stock?
ChartMill assigns a technical rating of 7 / 10 to ENB-PR-Y.CA.
What is the trend direction for ENB-PR-Y stock?
The current trend direction for ENBRIDGE INC - ENBCN 5.288 PERP (ENB-PR-Y.CA) is Bullish.
Can you provide the RSI signal for ENBRIDGE INC - ENBCN 5.288 PERP?
ENBRIDGE INC - ENBCN 5.288 PERP (ENB-PR-Y.CA) has an RSI value of 64.0675. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ENBRIDGE INC - ENBCN 5.288 PERP?
The MACD indicator for ENBRIDGE INC - ENBCN 5.288 PERP (ENB-PR-Y.CA) has a value of 0.0187411, indicating a bearish trend.
What is the short term momentum for ENB-PR-Y stock?
The short term momentum for ENBRIDGE INC - ENBCN 5.288 PERP (ENB-PR-Y.CA) is positive.