Enbridge stock price forecast: C$77.24–C$79.02 range as ENB holds steady

Traders Union
All News
Financial News
Enbridge slips 0.62% to C$78.13 today

Highlights

Enbridge extended its annual dividend growth streak to 31 years, with a 2026 payout set to rise 3% to C$3.88 per share.
Sustained dividend increases are backed by Enbridge's diversified pipelines, expanding utility business, and robust energy infrastructure.
ENB trades below near-term averages as sellers dominate; the price is expected to consolidate within C$77.24–C$79.02, with downside risk prevailing.

Payout reliability rises as steady dividend hikes meet asset diversity

Enbridge has extended its record of annual dividend increases to 31 consecutive years, with a 3% raise already declared for 2026 that will lift the annual payout to C$3.88 per share, generating a yield of over 5%, according to Fool. This consistent dividend growth signals the company's ability to maintain and gradually enhance shareholder returns, reflecting predictable cash generation. Supporting this, Enbridge's diversified pipeline assets, regulated utility expansion, and solid energy infrastructure underpin the sustainability of these payouts, as reported by Kalkinemedia.

Short-term downside pressure as mixed momentum collides with resistance

On the technical front, ENB is trading below the 20-period and 50-period moving averages on the H1 chart, but remains above the 200-period moving average, signaling a divided setup between short- and long-term momentum. The Ichimoku Kijun sits at C$79.04 and acts as immediate resistance. Momentum indicators present a mixed picture: Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) are both neutral, while the Relative Strength Index (RSI) is in sell territory at 37.75. Stochastic RSI, Commodity Channel Index (CCI), and Bull/Bear Power all signal oversold conditions, pointing to clear short-term seller dominance. The Awesome Oscillator also reflects a sell bias, and price remains near the session low amid moderate volatility, reinforcing a negative near-term backdrop.

Neutral bias persists as upside odds diminish within volatility band

In the short term, ENB is expected to trade within a range of C$77.24 to C$79.02, representing its typical volatility band relative to current levels. There is a 30% likelihood of a move to the upside and a 70% probability of continued weakness, reducing the chance for a near-term rebound. The baseline scenario is sideways consolidation within this corridor. A decisive break above immediate resistance could shift the balance toward a bullish scenario, while further selling could press the price below support toward the lower bound of the range.

Anton Kharitonov, expert at Traders Union, notes that Enbridge's technical signals remain negative in the short term despite a strong history of dividend growth. He sees oversold momentum readings and a persistent sell bias, with limited near-term catalysts for a reversal. The expert is cautious as price action favors further consolidation or downside unless resistance is overcome. "Base case remains sideways or lower while ENB trades below C$79.04 — any rebound needs confirmation above this level."

Earlier, analysts noted that Enbridge's stock was showing technical resilience and stability amid sector-wide challenges, with mixed momentum suggesting the need for careful monitoring. The latest developments add a more cautious tone, as current indicators signal increasing short-term weakness, making further downside risk toward the lower end of the trading range a key scenario to watch.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.