ENBRIDGE INC (ENB.CA) Stock Technical Analysis
TSX:ENB • CA29250N1050
We assign a technical rating of 8 out of 10 to ENB. 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 currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ENB is lagging the market slightly.
- ENB has an average volume of 7917460 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 50% of all stocks.
- ENB is part of the Oil, Gas & Consumable Fuels industry. There are 203 other stocks in this industry, ENB did better than 52% of them.
- In the last month ENB has a been trading in the 64.64 - 73.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
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.
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58.86
When analyzing the support we can see 5 important areas.
- A support zone ranging from 66.04 to 67.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 64.73 to 64.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 62.71 to 63.54. 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.
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 | 50.95 | 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) | 60.77 | NEUTRAL | The RSI value for ENB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests ENB.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.36 | OVERBOUGHT | The high Stochastics value suggests ENB.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for ENB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 30.6 | POSITIVE | The high ADX value value for ENB.CA suggests a strong trend. |
TSX:ENB (2/18/2026, 7:00:00 PM)
69.71
-3.59 (-4.9%)
ENBRIDGE INC / ENB.CA FAQ
What is the technical rating for ENB stock?
ChartMill assigns a technical rating of 8 / 10 to ENB.CA.
What is the trend direction for ENB stock?
The current trend direction for ENBRIDGE INC (ENB.CA) is Bullish.
What is the RSI signal for ENB stock?
ENBRIDGE INC (ENB.CA) has an RSI value of 60.7667. 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 0.436806, indicating a bearish trend.
Can you provide the buy/sell signal for ENBRIDGE INC?
The buy/sell signal for ENBRIDGE INC (ENB.CA) is buy as both the short term and long term trends are positive.