ENBRIDGE INC (ENB.CA) Stock Technical Analysis
TSX:ENB - Toronto Stock Exchange - CA29250N1050 - Common Stock - Currency: CAD
Overall ENB gets a technical rating of 5 out of 10. In the last year, ENB was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month ENB has a been trading in the 58.76 - 64.99 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, ENB did better than 74% of all other stocks. We also observe that the gains produced by ENB over the past year are nicely spread over this period.
ENB is part of the Oil, Gas & Consumable Fuels industry. There are 219 other stocks in this industry. ENB outperforms 87% of them.
ENB is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ENB slightly outperforms the market at the moment.
ENB has an average volume of 9567480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ENB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 59.88, a Stop Loss order could be placed below this zone.
More info and screens
51.01
65.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 58.49 to 59.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.53 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 60.38 to 61.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 64.61 to 65.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.64
Mansfield0.75
10 Day High62.49
10 Day Low58.76
20 Day High64.99
20 Day Low58.76
52 Week High65.62
52 Week Low45.39
Performance
1 Week-2.31%
2 Weeks1.56%
1 Month-4.78%
3 Month-1.1%
6 Month10.2%
12 Month24.86%
2 Year17.17%
3 Year4.92%
5 Year47.34%
10 Year-1.1%
15 Year398.6%
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)-0.03
RSI(14)44.81
LBB58.64
UBB61.87
TSX:ENB (3/7/2025, 7:00:00 PM)
60.38
+0.86 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.44%
1 Week-2.31%
2 Weeks1.56%
1 Month-4.78%
3 Month-1.1%
6 Month10.2%
12 Month24.86%
2 Year17.17%
3 Year4.92%
5 Year47.34%
10 Year-1.1%
15 Year398.6%
Volatility
ATR(14)1.23
ATR(20)%2.08%
ATR Inc6.94%
Range Today1.29
ADR(20)1.19
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.64
Mansfield0.75
10 Day High62.49
10 Day Low58.76
20 Day High64.99
20 Day Low58.76
52 Week High65.62
52 Week Low45.39
CS1 End59.88
CR1 Start60.38
Volume & EV
DER(3)-1.72%
DER(5)-0.82%
Volume8.67M
Volume Incr-23.73%
Vol(5)10.40M
Vol(50)9.57M