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 14830 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, INE-PR-A did better than 89% of all other stocks.
INE-PR-A is part of the Independent Power and Renewable Electricity Producers industry. There are 37 other stocks in this industry. INE-PR-A outperforms 97% of them.
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 24.50 and 24.96.
Considerably lower volume is observed in the last couple of days.
INE-PR-A has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.94, a Stop Loss order could be placed below this zone.
More info and screens
16.82
25.20
We found 2 important support areas.
- A support zone ranging from 23.84 to 24.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.99 to 17.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.95 to 24.95. 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 | 89.02 | POSITIVE | INE-PR-A.CA has a high relative strength, it outperformed 89.02% 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) | 68.4 | NEUTRAL | The RSI value for INE-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests INE-PR-A.CA has a negative trend. |
| Stochastics (14,3) | 83.64 | OVERBOUGHT | The high Stochastics value suggests INE-PR-A.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for INE-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.79 | 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)
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 |
|---|---|---|---|
| 24.96 | 24.85 | 0.11 (0.44%) | 25.00% |
| An entry @24.96. This is a Buy Stop order right above the resistance zone. | An exit @24.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.11 points, which is 0.44%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
INNERGEX RENEWABLE ENERG - INECN 3.244 PERP
TSX:INE-PR-A (6/3/2025, 7:00:00 PM)
24.94
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0%
1 Week0.04%
2 Weeks0.08%
1 Month0.77%
3 Month2.55%
6 Month63.54%
12 Month82.44%
2 Year92.59%
3 Year57.85%
5 Year97.15%
10 Year63.01%
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.2%
ATR Inc0%
Range Today0.04
ADR(20)0.04
ADR(20)%0.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.02
Mansfield3.52
10 Day High24.96
10 Day Low24.86
20 Day High24.96
20 Day Low24.5
52 Week High25
52 Week Low13.5
CS1 End24.94
CR1 Start24.95
Volume & EV
DER(3)1.5%
DER(5)2.53%
Volume3.60K
Volume Incr-50.63%
Vol(5)6.36K
Vol(50)14.83K