INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP (INE-PR-C.CA) Stock Technical Analysis
TSX:INE-PR-C - Toronto Stock Exchange - CA45790B7088 - Currency: CAD
We assign a technical rating of 9 out of 10 to INE-PR-C. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INE-PR-C is showing a nice and steady performance.
Warning: INE-PR-C has an average volume of 3003 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-C did better than 80% of all other stocks. On top of that, INE-PR-C also shows a nice and consistent pattern of rising prices.
INE-PR-C is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 84% of 39 stocks in the same industry.
INE-PR-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-PR-C is leading the market.
In the last month INE-PR-C has a been trading in a tight range between 24.50 and 25.00.
Considerably lower volume is observed in the last couple of days.
INE-PR-C has an excellent technical rating and also presents 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 24.96, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
20.08
25.73
5 important support areas can be observed.
- A support zone ranging from 24.86 to 24.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 24.33 to 24.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.57 from a trend line in the weekly time frame.
- Support @21.16 from a trend line in the daily time frame.
- Support @20.28 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.14 to 25.48. 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-C.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INE-PR-C.CA is up. |
| ChartMill Relative Strength | 80.43 | POSITIVE | INE-PR-C.CA has a high relative strength, it outperformed 80.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INE-PR-C.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of INE-PR-C.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INE-PR-C.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.42 | NEUTRAL | The RSI value for INE-PR-C.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INE-PR-C.CA has a negative trend. |
| Stochastics (14,3) | 90.07 | OVERBOUGHT | The high Stochastics value suggests INE-PR-C.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for INE-PR-C.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 31.16 | POSITIVE | The high ADX value value for INE-PR-C.CA suggests a strong 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 |
|---|---|---|---|
| 25.01 | 24.84 | 0.17 (0.68%) | 25.00% |
| An entry @25.01. This is a Buy Stop order right above the 10 day high. | An exit @24.84. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.17 points, which is 0.68%. | For a 0.17% 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 5 3/4 PERP
TSX:INE-PR-C (5/28/2025, 7:00:00 PM)
24.98
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0%
1 Week-0.04%
2 Weeks-0.08%
1 Month1.92%
3 Month-0.12%
6 Month23.97%
12 Month37.78%
2 Year25.53%
3 Year3.52%
5 Year7.67%
10 Year24.22%
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%0.42%
ATR Inc-65.64%
Range Today0
ADR(20)0.04
ADR(20)%0.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.43
Mansfield1.43
10 Day High25
10 Day Low24.85
20 Day High25
20 Day Low24.5
52 Week High25.48
52 Week Low17.94
CS1 End24.96
CR1 Start25.14
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-39.09%
Vol(5)1.48K
Vol(50)3.00K