INNERGEX RENEWABLE ENERG (INE-DB-B.CA) Stock Technical Analysis
TSX:INE-DB-B - Toronto Stock Exchange - CA45790BAD60 - Currency: CAD
Overall INE-DB-B gets a technical rating of 5 out of 10. Although INE-DB-B is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, INE-DB-B is a bad performer in the overall market: 66% of all stocks are doing better.
INE-DB-B is part of the Independent Power and Renewable Electricity Producers industry. There are 39 other stocks in this industry, of which 84% are performing better than INE-DB-B.
The long and short term trends are both positive. This is looking good!
INE-DB-B is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so INE-DB-B is leading the market.
In the last month INE-DB-B has a been trading in a tight range between 99.81 and 100.15.
INE-DB-B has only a medium 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 99.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 99.95, a Stop Loss order could be placed below this zone.
More info and screens
91.77
101.18
2 important support areas can be observed.
- A support zone ranging from 98.50 to 99.95. 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 99.99 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 | UP | POSITIVE | The short term trend for INE-DB-B.CA is up. |
| ChartMill Relative Strength | 34.51 | NEUTRAL | INE-DB-B.CA is not amongst the best or worst performers 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) | UP | MIXED | The current price of INE-DB-B.CA is below the rising 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) | 53.01 | NEUTRAL | The RSI value for INE-DB-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests INE-DB-B.CA has a positive trend. |
| Stochastics (14,3) | 65.29 | NEUTRAL | The Stochastics value for INE-DB-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.06 | LOW VOLATILITY | The low ATR as a percentage value for INE-DB-B.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.86 | NEUTRAL | The ADX value for INE-DB-B.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:INE-DB-B (6/19/2025, 7:00:00 PM)
99.99
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0%
1 Week0.04%
2 Weeks0.17%
1 Month-0.11%
3 Month-0.01%
6 Month1.1%
12 Month1%
2 Year3.09%
3 Year-5.58%
5 Year-6.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.06%
ATR Inc-100%
Range Today0
ADR(20)0.05
ADR(20)%0.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.51
Mansfield-0.37
10 Day High100.01
10 Day Low99.85
20 Day High100.15
20 Day Low99.81
52 Week High100.19
52 Week Low98
CS1 End99.95
CR1 Start99.99
Volume & EV
DER(3)0%
DER(5)0%
Volume13.00K
Volume Incr1.78%
Vol(5)60.00K
Vol(50)82.70K