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INNERGEX RENEWABLE ENERGY (INE.CA) Stock Technical Analysis

TSX:INE - Toronto Stock Exchange - CA45790B1040 - Common Stock - Currency: CAD

7.33  -0.03 (-0.41%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to INE. INE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, INE is a bad performer in the overall market: 77% of all stocks are doing better.
INE is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 79% of 40 stocks in the same industry do better.
INE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
INE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Weekly and Daily overview Charts
INNERGEX RENEWABLE ENERGY / INE Weekly stock chart
INNERGEX RENEWABLE ENERGY / INE Daily stock chart
Setup Rating and Analysis

6

INE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.17, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

6.95

10.80

We found 1 important support area.

  • A support zone ranging from 7.02 to 7.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 7 important areas.

  • A resistance zone ranging from 7.37 to 7.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @7.56 from a trend line in the daily time frame.
  • A resistance zone ranging from 8.21 to 8.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 9.14 to 9.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @9.37 from a trend line in the weekly time frame.
  • Resistance @10.12 from a trend line in the weekly time frame.
  • Resistance @10.69 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.41
Mansfield-2.54
10 Day High7.61
10 Day Low6.98
20 Day High8.31
20 Day Low6.98
52 Week High10.96
52 Week Low6.98
Performance
1 Week1.66%
2 Weeks2.66%
1 Month-9.06%
3 Month-14.27%
6 Month-22.6%
12 Month-0.54%
2 Year-49.59%
3 Year-60.23%
5 Year-62.75%
10 Year-37.56%
15 Year-7.1%
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)45
LBB6.9
UBB7.54
INNERGEX RENEWABLE ENERGY / INE Daily stock chart

INNERGEX RENEWABLE ENERGY

TSX:INE (2/13/2025, 7:00:00 PM)

7.33

-0.03 (-0.41%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.41%
1 Week1.66%
2 Weeks2.66%
1 Month-9.06%
3 Month-14.27%
6 Month-22.6%
12 Month-0.54%
2 Year-49.59%
3 Year-60.23%
5 Year-62.75%
10 Year-37.56%
15 Year-7.1%
Volatility
ATR(14)0.29
ATR(20)%3.98%
ATR Inc23.89%
Range Today0.3
ADR(20)0.29
ADR(20)%3.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.41
Mansfield-2.54
10 Day High7.61
10 Day Low6.98
20 Day High8.31
20 Day Low6.98
52 Week High10.96
52 Week Low6.98
CS1 End7.17
CR1 Start7.37
Volume & EV
DER(3)1.82%
DER(5)-0.7%
Volume325.46K
Volume Incr-7.81%
Vol(5)603.03K
Vol(50)587.27K