INNERGEX RENEWABLE ENERG (INE-DB-C.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:INE-DB-C - CA45790BAE44
Taking everything into account, INE-DB-C scores 6 out of 10 in our technical rating. Although INE-DB-C is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, INE-DB-C does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 99.93, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
95.93
2 important support areas can be observed.
- A support zone ranging from 99.77 to 99.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 96.90 to 97.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 100.07 to 100.69. 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-C.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INE-DB-C.CA is up. |
| ChartMill Relative Strength | 34.14 | NEUTRAL | INE-DB-C.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of INE-DB-C.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INE-DB-C.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INE-DB-C.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.22 | NEUTRAL | The RSI value for INE-DB-C.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INE-DB-C.CA has a negative trend. |
| Stochastics (14,3) | 17.86 | OVERSOLD | The low Stochastics value suggests INE-DB-C.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.09 | LOW VOLATILITY | The low ATR as a percentage value for INE-DB-C.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.82 | NEGATIVE | The low ADX value for INE-DB-C.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 100.08 | 100.00 | 0.08 (0.08%) | 25.00% |
| An entry @100.08. This is a Buy Stop order right above the 10 day moving average. | An exit @100.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 0.08%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.02%. |
- The distance between exit and entry is rather small compared to the average daily movement of INE-DB-C. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:INE-DB-C (7/22/2025, 7:00:00 PM)
100.05
0 (0%)
INNERGEX RENEWABLE ENERG / INE-DB-C.CA FAQ
What is the technical rating for INE-DB-C stock?
ChartMill assigns a technical rating of 6 / 10 to INE-DB-C.CA.
Can you provide the trend direction for INNERGEX RENEWABLE ENERG?
The current trend direction for INNERGEX RENEWABLE ENERG (INE-DB-C.CA) is Bullish.
What is the RSI signal for INE-DB-C stock?
INNERGEX RENEWABLE ENERG (INE-DB-C.CA) has an RSI value of 51.222. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for INNERGEX RENEWABLE ENERG?
The buy/sell signal for INNERGEX RENEWABLE ENERG (INE-DB-C.CA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for INNERGEX RENEWABLE ENERG?
INNERGEX RENEWABLE ENERG (INE-DB-C.CA) has a support level at 99.93 and a resistance level at 100.07. Check the full technical report for our detailed analysis of INE-DB-C.CA support and resistance levels.