INNERGEX RENEWABLE ENERG (INE-DB-B.CA) Stock Technical Analysis
TSX:INE-DB-B - Toronto Stock Exchange - CA45790BAD60 - Currency: CAD
Taking everything into account, INE-DB-B scores 2 out of 10 in our technical rating. In the last year, INE-DB-B was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
INE-DB-B has a bad technical rating, but it does show a decent setup pattern. 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
We found 2 important support 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.
When analyzing the resistance we notice one important 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%)