INNERGEX RENEWABLE ENERG (INE-DB-C.CA) Stock Technical Analysis
TSX:INE-DB-C - Toronto Stock Exchange - CA45790BAE44 - Currency: CAD
We assign a technical rating of 5 out of 10 to INE-DB-C. In the last year, INE-DB-C 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
INE-DB-C 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-C is leading 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 58% of all stocks.
INE-DB-C is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 50% of 39 stocks in the same industry.
In the last month INE-DB-C has a been trading in a tight range between 99.00 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. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for INE-DB-C in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
94.61
101.45
When analyzing the support we can see 2 important areas.
- A support zone ranging from 97.98 to 98.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 99.88 to 100.45. 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 | NEUTRAL | NEUTRAL | The short term trend for INE-DB-C.CA is neutral. |
| ChartMill Relative Strength | 58.45 | NEUTRAL | INE-DB-C.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-C.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of INE-DB-C.CA is below 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) | 48.3 | NEUTRAL | The RSI value for INE-DB-C.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests INE-DB-C.CA has a negative trend. |
| Stochastics (14,3) | 61.84 | NEUTRAL | The Stochastics value for INE-DB-C.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.32 | LOW VOLATILITY | The low ATR as a percentage value for INE-DB-C.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.81 | NEUTRAL | The ADX value for INE-DB-C.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-C (5/22/2025, 7:00:00 PM)
99.8
-0.05 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.05%
1 Week-0.54%
2 Weeks-0.25%
1 Month-0.2%
3 Month1.33%
6 Month2.89%
12 Month6.17%
2 Year6.74%
3 Year-2.16%
5 Year-4.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%0.32%
ATR Inc-78.44%
Range Today0.06
ADR(20)0.24
ADR(20)%0.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.45
Mansfield-0.24
10 Day High100.34
10 Day Low99.25
20 Day High100.34
20 Day Low99
52 Week High100.45
52 Week Low93.75
CS1 End98
CR1 Start99.88
Volume & EV
DER(3)6.07%
DER(5)7.72%
Volume91.00K
Volume Incr-76.43%
Vol(5)62.98K
Vol(50)346.92K