Selling pressure pushes Enbridge lower in today trading

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Enbridge slides 4.35% today

Highlights

Enbridge reported Q4 adjusted EPS of $0.65 and quarterly revenue of $12.61 billion, exceeding guidance midpoints for both EBITDA and distributable cash flow per share.
The board approved a 3% quarterly dividend increase, marking 31 consecutive years of dividend growth, alongside C$39 billion in project backlog progress including new renewable approvals.
ENB is trading at $70.12, above major moving averages, though overbought technicals (RSI 81) and pronounced intraday selling indicate near-term volatility and support near $68.33.

Upbeat earnings and dividends as project backlog drives optimism

Enbridge delivered strong financial results for Q4 and the full year 2025, surpassing the midpoint of its guidance for both EBITDA and distributable cash flow per share. Adjusted earnings per share for the quarter reached $0.65, exceeding expectations, while quarterly revenue advanced more than 10% year-over-year to $12.61 billion. The board approved a three percent increase to the quarterly dividend, marking 31 consecutive years of dividend growth, and announced progress on a C$39 billion project backlog with new renewable energy approvals in Wyoming and Texas.

Anton Kharitonov, expert at Traders Union, views the price action in Enbridge as overextended. The upside gap reversal and current intraday weakness point to increased volatility and waning short-term sentiment. He notes that while recent results and dividend growth boost institutional confidence, technicals flash overbought signals across multiple oscillators. Kharitonov warns that a failure to hold above the Kijun support at $68.33 could trigger a deeper pullback. "The market’s enthusiasm appears excessive and I see downside risk if support levels break — capital preservation is key here."

Viktoras Karapetjanc, expert at Traders Union, highlights a robust uptrend for Enbridge. He sees the strong beat on earnings, accelerating revenue, and dividend growth as clear signals of sustained institutional interest and underlying value. The bullish structure remains intact, reinforced by the company’s project backlog and renewable approvals. Karapetjanc views short-term volatility as an opportunity within a longer-term upward channel. "Given these fundamentals and momentum, I expect further growth — setbacks should be seen as strategic entry points."

Parshwa Turakhiya, analyst, observes that the technical landscape shows both momentum and caution signals for ENB. Daily MACD and ADX hint at continued strength, but overbought readings on multiple oscillators add short-term risk. The current price hovering near the day’s lows suggests a window for quick mean reversion trades. "For active traders, I see short-term setups driven by volatility — the key is to react quickly to intraday turns above major support levels."

Strong momentum and overbought signals as downside volatility emerges

The nearest dynamic support sits near the Ichimoku Kijun level at $68.33, while resistance is likely near MA-50 or the next round level above the current price. Momentum on the daily chart is firm, with both MACD and ADX supporting a continued bullish trend. Despite this, several oscillators (RSI at 81, CCI at 201, Stoch RSI, and BBP) highlight distinctly overbought conditions, suggesting the rally could be overextended in the short term. The Awesome Oscillator remains positive and chiefly supports the trend. ENB opened with a notable downside gap from the prior close ($73.30) to the open ($71.14) and is currently trading near the bottom of the daily range ($70.90 – $71.14), indicating significant downside volatility today and pressure after the open. Daily momentum signals and intraday weakness are at odds, revealing divergence between overbought technicals and today's pronounced selling.

Last time, analysts noted that Enbridge Inc. continues to trade in a firmly bullish trend across all timeframes, supported by strong momentum as the price remains well above key moving averages and robust intraday buyer interest. However, with multiple overbought signals from RSI and Stochastic indicators, the stock may face near-term resistance and risk of a short-term pause or pullback despite ongoing positive sentiment and record earnings results.

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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