ENBRIDGE INC - ENBCN 4.83 PERP (ENB-PR-I.CA) Stock Technical Analysis
TSX:ENB-PR-I - Toronto Stock Exchange - CA29250N8329 - Currency: CAD
Taking everything into account, ENB-PR-I scores 6 out of 10 in our technical rating. In the last year, ENB-PR-I was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, ENB-PR-I is a bad performer in the overall market: 100% of all stocks are doing better.
ENB-PR-I is part of the Oil, Gas & Consumable Fuels industry. There are 219 other stocks in this industry, of which 93% are performing better than ENB-PR-I.
In the last month ENB-PR-I has a been trading in the 20.50 - 26.00 range, which is quite wide. It is currently trading near the lows of this range.
Warning: ENB-PR-I has an average volume of 399 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ENB-PR-I does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.86, a Stop Loss order could be placed below this zone.
More info and screens
20.30
22.20
We found 1 important support area.
- A support zone ranging from 20.50 to 20.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.96 to 21.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High23.91
10 Day Low20.5
20 Day High26
20 Day Low20.5
52 Week HighN/A
52 Week LowN/A
Performance
1 Week7.07%
2 Weeks-13.72%
1 Month2.09%
3 Month15.22%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)-0.21
RSI(14)51.96
LBB19.24
UBB25.05
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 |
|---|---|---|---|
| 21.99 | 20.49 | 1.50 (6.82%) | 14.66% |
| An entry @21.99. This is a Buy Stop order right above the resistance zone. | An exit @20.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.50 points, which is 6.82%. | When investing 14.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ENB-PR-I. 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.
ENBRIDGE INC - ENBCN 4.83 PERP
TSX:ENB-PR-I (3/7/2025, 7:00:00 PM)
21.95
+0.65 (+3.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.05%
1 Week7.07%
2 Weeks-13.72%
1 Month2.09%
3 Month15.22%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%4.19%
ATR Inc-49.78%
Range Today0
ADR(20)0.28
ADR(20)%1.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High23.91
10 Day Low20.5
20 Day High26
20 Day Low20.5
52 Week HighN/A
52 Week LowN/A
CS1 End20.86
CR1 Start21.96
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-55.34%
Vol(5)190
Vol(50)399.46