ENBRIDGE INC (ENB.CA) Stock Technical Analysis
TSX:ENB - CA29250N1050 - Common Stock
66.58 CAD
-0.1 (-0.15%)
Overall ENB gets a technical rating of 8 out of 10. Although ENB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
ENB is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 71% of 215 stocks in the same industry.
A new 52 week high is currently being made by ENB, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
ENB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ENB has an average volume of 7626130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ENB turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
In the last month ENB has a been trading in a tight range between 64.25 and 67.07.
ENB 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 66.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 66.44, a Stop Loss order could be placed below this zone.
More info and screens
57.88
67.37
4 important support areas can be observed.
- A support zone ranging from 65.81 to 66.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 62.57 to 64.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.05 to 60.89. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 58.46 to 58.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 66.59 to 66.70. 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.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB.CA is up. |
| ChartMill Relative Strength | 59.06 | NEUTRAL | ENB.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENB.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.48 | NEUTRAL | The RSI value for ENB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ENB.CA has a negative trend. |
| Stochastics (14,3) | 83.97 | OVERBOUGHT | The high Stochastics value suggests ENB.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for ENB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.81 | POSITIVE | The high ADX value value for ENB.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)
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 |
|---|---|---|---|
| 66.71 | 65.80 | 0.91 (1.36%) | 25.00% |
| An entry @66.71. This is a Buy Stop order right above the resistance zone. | An exit @65.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.91 points, which is 1.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.34%. |
- The distance between exit and entry is rather small compared to the average daily movement of ENB. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:ENB (9/4/2025, 7:00:00 PM)
66.58
-0.1 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.15%
1 Week1.35%
2 Weeks-0.06%
1 Month3.03%
3 Month4.52%
6 Month10.27%
12 Month21.52%
2 Year47.79%
3 Year29.99%
5 Year71.16%
10 Year34.37%
15 Year394.19%
Volatility
ATR(14)0.84
ATR(20)%1.23%
ATR Inc-28.15%
Range Today0.55
ADR(20)0.76
ADR(20)%1.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.06
Mansfield-0.14
10 Day High67.07
10 Day Low65.13
20 Day High67.07
20 Day Low64.25
52 Week High67.07
52 Week Low54.14
CS1 End66.44
CR1 Start66.59
Volume & EV
DER(3)1.47%
DER(5)1.44%
Volume4.70M
Volume Incr-48.53%
Vol(5)5.23M
Vol(50)7.63M