ENBRIDGE INC (ENB.CA) Stock Technical Analysis
TSX:ENB - Toronto Stock Exchange - CA29250N1050 - Common Stock - Currency: CAD
Taking everything into account, ENB scores 8 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ENB is one of the better performing stocks in the market, outperforming 77% of all stocks. On top of that, ENB also shows a nice and consistent pattern of rising prices.
ENB is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 86% of 209 stocks in the same industry.
ENB is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ENB is leading the market.
ENB has an average volume of 9030130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ENB has a been trading in a tight range between 61.45 and 65.09.
Besides having an excellent technical rating, ENB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 63.38, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
52.42
65.66
4 important support areas can be observed.
- A support zone ranging from 62.12 to 63.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.44 to 59.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 58.45 to 58.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @52.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.82 to 65.01. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 77.13 | POSITIVE | ENB.CA has a high relative strength, it outperformed 77.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ENB.CA is above a declining 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) | 51.7 | NEUTRAL | The RSI value for ENB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ENB.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.22 | NEUTRAL | The Stochastics value for ENB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for ENB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 10.67 | NEGATIVE | The low ADX value for ENB.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 |
|---|---|---|---|
| 63.83 | 62.70 | 1.13 (1.77%) | 25.00% |
| An entry @63.83. This is a Buy Stop order right above the 10 day moving average. | An exit @62.70. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.13 points, which is 1.77%. | For a 0.44% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (6/6/2025, 7:00:00 PM)
63.7
-0.32 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.5%
1 Week-0.27%
2 Weeks0.7%
1 Month-0.14%
3 Month5.5%
6 Month4.34%
12 Month29.45%
2 Year29.37%
3 Year17.18%
5 Year54.31%
10 Year9.06%
15 Year413.92%
Volatility
ATR(14)0.86
ATR(20)%1.54%
ATR Inc-37.06%
Range Today0.57
ADR(20)0.98
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.13
Mansfield0.42
10 Day High65.09
10 Day Low62.71
20 Day High65.09
20 Day Low61.45
52 Week High65.62
52 Week Low47.41
CS1 End63.38
CR1 Start63.82
Volume & EV
DER(3)-1.63%
DER(5)-0.24%
Volume4.54M
Volume Incr-39.19%
Vol(5)7.65M
Vol(50)9.03M