INNERGEX RENEWABLE ENERG (INE-DB-B.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:INE-DB-B • CA45790BAD60
We assign a technical rating of 2 out of 10 to INE-DB-B. INE-DB-B was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- When comparing the yearly performance of all stocks, INE-DB-B is a bad performer in the overall market: 73% of all stocks are doing better.
- INE-DB-B is part of the Independent Power and Renewable Electricity Producers industry. There are 33 other stocks in this industry, of which 68% are performing better than INE-DB-B.
- INE-DB-B is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so INE-DB-B is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month INE-DB-B has a been trading in a tight range between 99.81 and 100.15.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, INE-DB-B does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 99.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 99.94, a Stop Loss order could be placed below this zone.
More info and screens
91.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 98.05 to 99.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.70 to 93.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 99.97 to 100.18. This zone is formed by a combination of multiple trend lines and important moving averages 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 INE-DB-B.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INE-DB-B.CA is down. |
| ChartMill Relative Strength | 27.94 | NEGATIVE | INE-DB-B.CA has a low relative strength, it was outperformed by 72.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INE-DB-B.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INE-DB-B.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INE-DB-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.13 | NEUTRAL | The RSI value for INE-DB-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests INE-DB-B.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70 | NEUTRAL | The Stochastics value for INE-DB-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.05 | LOW VOLATILITY | The low ATR as a percentage value for INE-DB-B.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.91 | NEUTRAL | The ADX value for INE-DB-B.CA suggests a possible start of a new trend. |
TSX:INE-DB-B (6/26/2025, 7:00:00 PM)
99.95
0 (0%)
INNERGEX RENEWABLE ENERG / INE-DB-B.CA FAQ
What is the technical rating for INE-DB-B stock?
ChartMill assigns a technical rating of 2 / 10 to INE-DB-B.CA.
Can you provide the trend direction for INNERGEX RENEWABLE ENERG?
The current trend direction for INNERGEX RENEWABLE ENERG (INE-DB-B.CA) is Bullish.
Can you provide the RSI signal for INNERGEX RENEWABLE ENERG?
INNERGEX RENEWABLE ENERG (INE-DB-B.CA) has an RSI value of 49.1302. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INNERGEX RENEWABLE ENERG?
The short term momentum for INNERGEX RENEWABLE ENERG (INE-DB-B.CA) is negative.
Can you provide the support and resistance levels for INNERGEX RENEWABLE ENERG?
INNERGEX RENEWABLE ENERG (INE-DB-B.CA) has a support level at 99.94 and a resistance level at 99.97. Check the full technical report for our detailed analysis of INE-DB-B.CA support and resistance levels.