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 4 out of 10. In the last year, INE-DB-B was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
INE-DB-B is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 73% of 39 stocks in the same industry do better.
INE-DB-B is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so INE-DB-B is performing more or less in line with the market.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When compared to the yearly performance of all other stocks, INE-DB-B outperforms 40% of them, which is more or less in line with the market.
In the last month INE-DB-B has a been trading in a tight range between 99.88 and 100.15.
Considerably lower volume is observed in the last couple of days.
INE-DB-B has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
91.77
101.88
We found 3 important support areas.
- A support zone ranging from 98.50 to 99.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @96.01 from a horizontal line in the daily time frame.
- 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 99.90 to 100.87. 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 | 40.34 | NEUTRAL | INE-DB-B.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INE-DB-B.CA is below 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) | 42.4 | NEUTRAL | The RSI value for INE-DB-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests INE-DB-B.CA has a negative trend. |
| Stochastics (14,3) | 4.35 | OVERSOLD | The low Stochastics value suggests INE-DB-B.CA may be oversold. |
| 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) | 13.48 | NEGATIVE | The low ADX value for INE-DB-B.CA suggests a weak or negative 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 (5/28/2025, 7:00:00 PM)
99.88
-0.07 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.07%
1 Week-0.12%
2 Weeks-0.22%
1 Month-0.09%
3 Month-0.24%
6 Month1.4%
12 Month1.93%
2 Year-0.02%
3 Year-4.42%
5 Year-6.22%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.05%
ATR Inc-5.41%
Range Today0.07
ADR(20)0.03
ADR(20)%0.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.34
Mansfield-0.14
10 Day High100.15
10 Day Low99.88
20 Day High100.15
20 Day Low99.88
52 Week High100.19
52 Week Low97.5
CS1 End99.49
CR1 Start99.9
Volume & EV
DER(3)0%
DER(5)0%
Volume122.00K
Volume Incr23.76%
Vol(5)78.40K
Vol(50)315.30K