Enbridge stock price forecast: bearish trend persists as ENB falls below key moving averages

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Enbridge slips 1.03% today to $45.23

Highlights

Enbridge announced a 3% dividend increase for 2026, achieving its 31st consecutive annual raise and maintaining over 70 years of uninterrupted payouts.
The company leverages predictable, long-term contract-backed cash flows from its North American energy infrastructure businesses, including transportation, storage, and gas distribution.
Despite slower anticipated distributable cash flow growth and elevated leverage, Enbridge remains focused on steady income and long-term stability for investors.

Dividend reliability highlighted amid tepid growth and high leverage

Enbridge has announced a 3% dividend increase for 2026, marking its 31st consecutive annual raise and maintaining over 70 years of uninterrupted payouts. This reflects the company's reliance on predictable, long-term contract-backed cash flows from its energy infrastructure businesses, including transportation, storage, and gas distribution across North America. Despite slower anticipated distributable cash flow growth and elevated leverage, the company maintains a focus on steady income and long-term stability for investors.

Bearish momentum prevails as oversold readings emerge near support

The nearest dynamic resistance is the Ichimoku Kijun at $47.38, with no immediate support from major moving averages below the current price. Momentum signals remain weak as the MACD gives a sell signal, and the ADX confirms a lack of trend strength. Oversold conditions are highlighted by the RSI at 34.42, Stochastic RSI, and CCI, while Bull/Bear Power shows ongoing seller dominance on the day. ENB is trading near the lower end of today’s range ($45.15–$45.85), with low intraday volatility and an overall bearish tone, though oversold oscillators suggest a potential for short-term stabilization or a bounce.

Sideways action favored as sell signals outweigh rebound odds

For the next five trading days, ENB is expected to trade within a $44.80 to $46.00 volatility band relative to current levels. The probability of a price increase is very low (less than 20%), while further declines remain more likely given prevailing sell signals across daily and weekly timeframes. The baseline scenario points to sideways consolidation as the price settles near support amid oversold conditions. A bullish reversal would require a decisive move above resistance at $47.38, while downside risks remain if the $44.80 support zone is breached.

Anton Kharitonov, expert at Traders Union, notes that Enbridge remains under clear technical pressure and continues to lag its key moving averages. He acknowledges the company’s commitment to dividends and stability, but sees weak momentum and oversold conditions dominating the setup. Downside risk outweighs rebound probability unless resistance at $47.38 is reclaimed. "Base case remains sideways to bearish as long as ENB trades below major resistance — a meaningful recovery is unlikely without a shift in price action."

Last time, analysts noted that Enbridge Inc was exhibiting short-term hesitation just below key moving averages while maintaining a longer-term bullish bias, with mixed momentum indicators such as a neutral-to-bullish RSI around 50, strong MACD selling, and neutral ADX. Institutional interest remains strong amid likely price consolidation near recent highs, as resistance at $47.73 and support near the MA-50 are key levels to watch, with weekly trend signals favoring a high probability of continued gains.

Source of Data: ENB Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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