ENBRIDGE INC (ENB.CA) Stock Technical Analysis
TSX:ENB - Toronto Stock Exchange - CA29250N1050 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to ENB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ENB is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ENB is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, ENB also shows a nice and consistent pattern of rising prices.
ENB is part of the Oil, Gas & Consumable Fuels industry. There are 218 other stocks in this industry. ENB outperforms 93% of them.
ENB is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month ENB has a been trading in the 56.51 - 65.15 range, which is quite wide. It is currently trading near the high of this range.
ENB has an average volume of 7272220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ENB has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
51.88
65.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 60.95 to 62.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.45 to 59.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.40 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.60 to 65.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.44
Mansfield1.45
10 Day High65.15
10 Day Low61.77
20 Day High65.15
20 Day Low56.51
52 Week High65.62
52 Week Low47.41
Performance
1 Week0.25%
2 Weeks4.04%
1 Month-0.39%
3 Month2.48%
6 Month14.16%
12 Month29.52%
2 Year34.78%
3 Year10.23%
5 Year43.84%
10 Year8.29%
15 Year441.03%
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)
Technical Indicators
MACD(12,26,9)0.31
RSI(14)61.66
LBB60.25
UBB65.81
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 |
|---|---|---|---|
| 65.02 | 61.76 | 3.26 (5.01%) | 19.94% |
| An entry @65.02. This is a Buy Stop order right above the resistance zone. | An exit @61.76. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.26 points, which is 5.01%. | For a 1.00% total portfolio risk, you can invest 19.94% 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.
TSX:ENB (5/1/2025, 7:00:00 PM)
64.41
-0.06 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.09%
1 Week0.25%
2 Weeks4.04%
1 Month-0.39%
3 Month2.48%
6 Month14.16%
12 Month29.52%
2 Year34.78%
3 Year10.23%
5 Year43.84%
10 Year8.29%
15 Year441.03%
Volatility
ATR(14)1.04
ATR(20)%2.41%
ATR Inc-19.74%
Range Today1.17
ADR(20)1.47
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.44
Mansfield1.45
10 Day High65.15
10 Day Low61.77
20 Day High65.15
20 Day Low56.51
52 Week High65.62
52 Week Low47.41
CS1 End62.37
CR1 Start64.6
Volume & EV
DER(3)-0.27%
DER(5)-0.11%
Volume10.46M
Volume Incr51.96%
Vol(5)8.90M
Vol(50)7.27M