INNERGEX RENEWABLE ENERG (INE-DB-C.CA) Stock Technical Analysis
TSX:INE-DB-C - Toronto Stock Exchange - CA45790BAE44 - Currency: CAD
Overall INE-DB-C gets a technical rating of 5 out of 10. INE-DB-C has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
INE-DB-C is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 81% of 39 stocks in the same industry do better.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
INE-DB-C is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, INE-DB-C turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
In the last month INE-DB-C has a been trading in a tight range between 99.35 and 100.34.
Considerably lower volume is observed in the last couple of days.
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. There is a resistance zone just above the current price starting at 100.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 99.91, a Stop Loss order could be placed below this zone.
More info and screens
94.61
101.66
We found 2 important support areas.
- A support zone ranging from 97.98 to 99.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 95.57 to 95.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 100.20 to 100.65. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for INE-DB-C.CA is neutral. |
| ChartMill Relative Strength | 42.29 | NEUTRAL | INE-DB-C.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INE-DB-C.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of INE-DB-C.CA is above a declining 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) | 53.36 | NEUTRAL | The RSI value for INE-DB-C.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests INE-DB-C.CA has a positive trend. |
| Stochastics (14,3) | 77.78 | NEUTRAL | The Stochastics value for INE-DB-C.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for INE-DB-C.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.73 | NEGATIVE | The low ADX value for INE-DB-C.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-C (6/12/2025, 7:00:00 PM)
100
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0%
1 Week0.25%
2 Weeks0.2%
1 Month0.7%
3 Month0%
6 Month2.83%
12 Month5.32%
2 Year9.6%
3 Year-1.91%
5 Year-2.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%0.27%
ATR Inc-10.03%
Range Today0.01
ADR(20)0.23
ADR(20)%0.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.29
Mansfield-0.27
10 Day High100
10 Day Low99.4
20 Day High100.34
20 Day Low99.35
52 Week High100.45
52 Week Low93.75
CS1 End99.91
CR1 Start100.2
Volume & EV
DER(3)0%
DER(5)2.78%
Volume88.00K
Volume Incr-34.02%
Vol(5)67.00K
Vol(50)170.12K