Logo image of ENB.CA

ENBRIDGE INC (ENB.CA) Stock Technical Analysis

TSX:ENB - Toronto Stock Exchange - CA29250N1050 - Common Stock - Currency: CAD

60.64  -0.44 (-0.72%)

Technical Rating and Analysis

6

Overall ENB gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month ENB has a been trading in the 58.89 - 65.62 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that ENB is one of the better performing stocks in the market, outperforming 71% of all stocks. We also observe that the gains produced by ENB over the past year are nicely spread over this period.
ENB is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 81% of 221 stocks in the same industry.
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 8815130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
ENBRIDGE INC / ENB Weekly stock chart
ENBRIDGE INC / ENB Daily stock chart
Setup Rating and Analysis

3

ENB has an average technical rating and it also does not offer a high quality setup 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.

Support and Resistance Analysis

50.80

65.67

We found 2 important support areas.

  • A support zone ranging from 60.63 to 60.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @51.31 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 60.82 to 62.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 63.23 to 65.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.54
Mansfield0.21
10 Day High64.99
10 Day Low59.6
20 Day High65.62
20 Day Low58.89
52 Week High65.62
52 Week Low45.39
Performance
1 Week-5.47%
2 Weeks-3.08%
1 Month-5.15%
3 Month0.28%
6 Month13.13%
12 Month29.02%
2 Year18.46%
3 Year10.74%
5 Year21.38%
10 Year4.32%
15 Year420.07%
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)-0.38
RSI(14)35.27
LBB60.86
UBB65.71
ENBRIDGE INC / ENB Daily stock chart

ENBRIDGE INC

TSX:ENB (2/18/2025, 7:00:00 PM)

60.64

-0.44 (-0.72%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.72%
1 Week-5.47%
2 Weeks-3.08%
1 Month-5.15%
3 Month0.28%
6 Month13.13%
12 Month29.02%
2 Year18.46%
3 Year10.74%
5 Year21.38%
10 Year4.32%
15 Year420.07%
Volatility
ATR(14)1.38
ATR(20)%2.1%
ATR Inc132.04%
Range Today1.76
ADR(20)1.24
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.54
Mansfield0.21
10 Day High64.99
10 Day Low59.6
20 Day High65.62
20 Day Low58.89
52 Week High65.62
52 Week Low45.39
CS1 End61.07
CR1 Start63.42
Volume & EV
DER(3)-2.15%
DER(5)-1.54%
Volume23.80M
Volume Incr84.1%
Vol(5)17.44M
Vol(50)8.82M