Innergex Renewable Energy Inc (INE.CA) Technical Analysis
TSX:INE • CA45790B1040
Current stock price
INE.CA Technical Rating and Analysis
Overall INE gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, INE is only an average performer.
- The long and short term trends are both positive. This is looking good!
- INE is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 96% of 32 stocks in the same industry.
- INE 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 is leading the market.
- When comparing the yearly performance of all stocks, we notice that INE is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month INE has a been trading in a tight range between 13.69 and 13.82.
- Volume is considerably higher in the last couple of days.
INE.CA Weekly and Daily overview Charts
INE.CA Setup Rating and Analysis
INE 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. There is a resistance zone just above the current price starting at 13.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.73, 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
INE.CA Support and Resistance Analysis
13.29
We found 1 important support area.
- A support zone ranging from 13.42 to 13.73. 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 one important area.
- A resistance zone ranging from 13.74 to 13.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
INE.CA Technical Indicator Signal Analysis
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.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INE.CA is up. |
| ChartMill Relative Strength | 74.15 | POSITIVE | INE.CA has a high relative strength, it outperformed 74.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.75 | NEUTRAL | The RSI value for INE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests INE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.74 | NEUTRAL | The Stochastics value for INE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for INE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.51 | NEGATIVE | The low ADX value for INE.CA suggests a weak or negative trend. |
INE.CA Chart- and CandleStick Pattern Analysis
INE.CA Example Setup
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 |
|---|---|---|---|
| 13.77 | 13.68 | 0.09 (0.65%) | 25.00% |
| An entry @13.77. This is a Buy Stop order right above the 10 day high. | An exit @13.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 0.65%. | For a 0.16% 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.
INE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:INE (7/22/2025, 7:00:00 PM)
13.74
0 (0%)
Innergex Renewable Energy Inc / INE.CA TA FAQ
What is the ChartMill technical rating of Innergex Renewable Energy Inc (INE.CA) stock?
ChartMill assigns a technical rating of 6 / 10 to INE.CA.
What is the current trend direction of Innergex Renewable Energy Inc (INE.CA) stock?
The current trend direction for Innergex Renewable Energy Inc (INE.CA) is Bullish.
Can you provide the RSI signal for Innergex Renewable Energy Inc?
Innergex Renewable Energy Inc (INE.CA) has an RSI value of 52.7478. This indicates that the stock is currently neutral.
What is the MACD signal for INE stock?
The MACD indicator for Innergex Renewable Energy Inc (INE.CA) has a value of -0.00347651, indicating a bearish trend.
What are the support and resistance levels for Innergex Renewable Energy Inc (INE.CA) stock?
Innergex Renewable Energy Inc (INE.CA) has a support level at 13.73 and a resistance level at 13.74. Check the full technical report for our detailed analysis of INE.CA support and resistance levels.