ENBRIDGE INC (ENB.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ENB - CA29250N1050 - Common Stock
We assign a technical rating of 3 out of 10 to ENB. Recently some decent action could be observed, but in the medium term time frame this is still negative. ENB was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, ENB is a bad performer in the overall market: 72% of all stocks are doing better.
- ENB is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 65% are performing better than ENB.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month ENB has a been trading in the 62.42 - 66.38 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- ENB has an average volume of 7027070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ENB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENB is lagging the market.
ENB has a bad technical rating, but it does show 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 65.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 64.74, a Stop Loss order could be placed below this zone.
More info and screens
58.86
We found 4 important support areas.
- A support zone ranging from 64.69 to 64.74. 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 62.71 to 63.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.01 from a horizontal line in the daily time frame.
- Support @59.45 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 65.71 to 66.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 69.88 to 70.21. 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 | NEUTRAL | NEUTRAL | The long term trend for ENB.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB.CA is up. |
| ChartMill Relative Strength | 28.15 | NEGATIVE | ENB.CA has a low relative strength, it was outperformed by 71.85% off all stocks 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) | DOWN | NEGATIVE | The current price of ENB.CA is below a declining 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) | 52.43 | NEUTRAL | The RSI value for ENB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests ENB.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.95 | NEUTRAL | The Stochastics value for ENB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for ENB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for ENB.CA suggests a weak or negative trend. |
TSX:ENB (1/21/2026, 7:00:00 PM)
65.39
+0.21 (+0.32%)
ENBRIDGE INC / ENB.CA FAQ
What is the technical rating for ENB stock?
ChartMill assigns a technical rating of 3 / 10 to ENB.CA.
What is the trend direction for ENB stock?
The current trend direction for ENBRIDGE INC (ENB.CA) is Bearish.
What is the RSI signal for ENB stock?
ENBRIDGE INC (ENB.CA) has an RSI value of 52.4341. This indicates that the stock is currently neutral.
What is the MACD signal for ENBRIDGE INC (ENB.CA) stock?
The MACD indicator for ENBRIDGE INC (ENB.CA) has a value of 0.257831, indicating a bearish trend.