INNERGEX RENEWABLE ENERG - INECN 3.244 PERP (INE-PR-A.CA) Stock Technical Analysis
TSX:INE-PR-A - Toronto Stock Exchange - CA45790B5009 - Currency: CAD
Overall INE-PR-A gets a technical rating of 9 out of 10. Both in the recent history as in the last year, INE-PR-A has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: INE-PR-A has an average volume of 13468 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that INE-PR-A is one of the better performing stocks in the market, outperforming 85% of all stocks.
INE-PR-A is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 97% of 37 stocks in the same industry.
INE-PR-A 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-PR-A is leading the market.
In the last month INE-PR-A has a been trading in a tight range between 24.86 and 25.38.
Volume is considerably higher in the last couple of days.
Although INE-PR-A has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
17.41
25.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.71 to 25.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.12 to 24.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.59 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.36 to 25.36. 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-PR-A.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INE-PR-A.CA is up. |
| ChartMill Relative Strength | 85.31 | POSITIVE | INE-PR-A.CA has a high relative strength, it outperformed 85.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INE-PR-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INE-PR-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INE-PR-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.57 | NEUTRAL | The RSI value for INE-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests INE-PR-A.CA has a positive trend. |
| Stochastics (14,3) | 94.85 | OVERBOUGHT | The high Stochastics value suggests INE-PR-A.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.34 | LOW VOLATILITY | The low ATR as a percentage value for INE-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.71 | NEGATIVE | The low ADX value for INE-PR-A.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)
INNERGEX RENEWABLE ENERG - INECN 3.244 PERP
TSX:INE-PR-A (7/22/2025, 7:00:00 PM)
25.34
-0.01 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.04%
1 Week1.77%
2 Weeks1.32%
1 Month1.32%
3 Month3.43%
6 Month61.4%
12 Month77.82%
2 Year102.24%
3 Year64.55%
5 Year92.7%
10 Year81%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.34%
ATR Inc-62.6%
Range Today0.01
ADR(20)0.05
ADR(20)%0.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.31
Mansfield2.22
10 Day High25.38
10 Day Low24.87
20 Day High25.38
20 Day Low24.86
52 Week High25.38
52 Week Low14.16
CS1 End25.14
CR1 Start25.36
Volume & EV
DER(3)0%
DER(5)0%
Volume6.00K
Volume Incr689.61%
Vol(5)59.61K
Vol(50)13.47K