ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ENB-PR-J - CA29250N6422
Taking everything into account, ENB-PR-J scores 7 out of 10 in our technical rating. Although ENB-PR-J is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ENB-PR-J has an excellent technical rating, but the quality of the setup is only medium 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
19.23
We found 3 important support areas.
- A support zone ranging from 21.55 to 22.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.88 from a trend line in the weekly time frame.
- Support @19.42 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.83 to 22.89. 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-PR-J.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENB-PR-J.CA is up. |
| ChartMill Relative Strength | 51.23 | NEUTRAL | ENB-PR-J.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENB-PR-J.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENB-PR-J.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENB-PR-J.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.31 | NEUTRAL | The RSI value for ENB-PR-J.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ENB-PR-J.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.4 | OVERBOUGHT | The high Stochastics value suggests ENB-PR-J.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for ENB-PR-J.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.69 | NEGATIVE | The low ADX value for ENB-PR-J.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 22.90 | 22.25 | 0.65 (2.84%) | 25.00% |
| An entry @22.90. This is a Buy Stop order right above the resistance zone. | An exit @22.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.65 points, which is 2.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- 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 5.988 PERP
TSX:ENB-PR-J (12/24/2025, 7:00:00 PM)
22.72
+0.02 (+0.09%)
ENBRIDGE INC - ENBCN 5.988 PERP / ENB-PR-J.CA FAQ
Can you provide the ChartMill technical rating for ENBRIDGE INC - ENBCN 5.988 PERP?
ChartMill assigns a technical rating of 7 / 10 to ENB-PR-J.CA.
What is the current trend direction of ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) stock?
The current trend direction for ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) is Bullish.
What is the RSI signal for ENB-PR-J stock?
ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) has an RSI value of 63.313. This indicates that the stock is currently neutral.
What is the MACD signal for ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) stock?
The MACD indicator for ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) has a value of 0.0421067, indicating a bearish trend.
What are the support and resistance levels for ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) stock?
ENBRIDGE INC - ENBCN 5.988 PERP (ENB-PR-J.CA) has a support level at 22.54 and a resistance level at 22.83. Check the full technical report for our detailed analysis of ENB-PR-J.CA support and resistance levels.