INNERGEX RENEWABLE ENERG (INE-DB-C.CA) Stock Technical Analysis
TSX:INE-DB-C - CA45790BAE44
100.05 CAD
0 (0%)
Overall INE-DB-C gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, INE-DB-C is a bad performer.
66% of all other stocks performed better in the past year than INE-DB-C.
INE-DB-C is part of the Independent Power and Renewable Electricity Producers industry. There are 31 other stocks in this industry, of which 83% are performing better than INE-DB-C.
Both the short term and long term trends are positive. This is a very positive sign.
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.
In the last month INE-DB-C has a been trading in a tight range between 100.00 and 100.28.
Considerably lower volume is observed in the last couple of days.
INE-DB-C has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
101.70
When analyzing the support we can see 2 important areas.
- 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. |
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)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0%
1 Week-0.18%
2 Weeks0.05%
1 Month0.05%
3 Month0.3%
6 Month2.3%
12 Month4.23%
2 Year7.15%
3 Year-2.86%
5 Year-3.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.09%
ATR Inc-100%
Range Today0
ADR(20)0.08
ADR(20)%0.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.14
Mansfield-0.64
10 Day High100.28
10 Day Low100.01
20 Day High100.28
20 Day Low100
52 Week High100.45
52 Week Low95.5
CS1 End99.93
CR1 Start100.07
Volume & EV
DER(3)0%
DER(5)0%
Volume22.00K
Volume Incr7.21%
Vol(5)96.60K
Vol(50)155.84K