ENBRIDGE INC (ENB.CA) Stock Technical Analysis
Canada - TSX:ENB - CA29250N1050 - Common Stock
69.48 CAD
+0.84 (+1.22%)
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.
Both the short term and long term trends are positive. This is a very positive sign.
ENB is part of the Oil, Gas & Consumable Fuels industry. There are 220 other stocks in this industry. ENB outperforms 72% of them.
ENB is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ENB has a been trading in the 65.35 - 69.72 range, which is quite wide. It is currently trading near the high of this range.
ENB has an average volume of 7321720 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 67% of all stocks.
Although ENB has an excellent technical rating, it does not present a decent entry opportunity 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
57.91
70.18
5 important support areas can be observed.
- A support zone ranging from 67.29 to 68.76. 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 63.87 to 65.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.57 from a horizontal line in the daily time frame.
- A support zone ranging from 59.95 to 60.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 69.49 to 69.49. 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 | 67.66 | 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) | 73.51 | OVERBOUGHT | The high RSI value suggests ENB.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ENB.CA has a positive trend. |
| Stochastics (14,3) | 83.79 | OVERBOUGHT | The high Stochastics value suggests ENB.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for ENB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 38.66 | 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)
TSX:ENB (9/24/2025, 7:00:00 PM)
69.48
+0.84 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.22%
1 Week2.77%
2 Weeks3.16%
1 Month5.79%
3 Month13.16%
6 Month9.21%
12 Month26.26%
2 Year54.23%
3 Year35.65%
5 Year78.61%
10 Year40.22%
15 Year415.72%
Volatility
ATR(14)0.72
ATR(20)%1.01%
ATR Inc71.71%
Range Today0.98
ADR(20)0.69
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.66
Mansfield0.07
10 Day High69.72
10 Day Low67.13
20 Day High69.72
20 Day Low65.35
52 Week High69.72
52 Week Low54.44
CS1 End68.76
CR1 Start69.49
Volume & EV
DER(3)0.08%
DER(5)0.08%
Volume3.69M
Volume Incr-15.21%
Vol(5)4.83M
Vol(50)7.32M