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Innergex Renewable Energy Inc (INE.CA) Stock Technical Analysis

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

13.74  0 (0%)

Technical Rating and Analysis

6

Taking everything into account, INE scores 6 out of 10 in our technical rating. 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.

Both the short term and long term trends are positive. This is a very positive sign.
INE is part of the Independent Power and Renewable Electricity Producers industry. There are 37 other stocks in this industry. INE outperforms 72% of them.
INE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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 72% 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.
Weekly and Daily overview Charts
Innergex Renewable Energy Inc / INE Weekly stock chart
Innergex Renewable Energy Inc / INE Daily stock chart
Setup Rating and Analysis

8

INE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
Support and Resistance Analysis

13.29

13.97

When analyzing the support we notice one important 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for INE.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for INE.CA is up.
ChartMill Relative Strength72.04POSITIVEINE.CA has a high relative strength, it outperformed 72.04% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of INE.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of INE.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of INE.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)52.75NEUTRALThe RSI value for INE.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests INE.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)59.74NEUTRALThe Stochastics value for INE.CA is a neutral value.
Average True Range in percent/ATR (20)0.25LOW VOLATILITYThe low ATR as a percentage value for INE.CA suggests low volalility.
Average Directional Index/ADX (14)18.51NEGATIVEThe low ADX value for INE.CA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
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.

ENTRYEXITDISTANCECAPITAL
13.7713.680.09 (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 worst case loss on the trade is limited to 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.
Innergex Renewable Energy Inc / INE Daily stock chart

Innergex Renewable Energy Inc

TSX:INE (7/22/2025, 7:00:00 PM)

13.74

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0%
1 Week0.07%
2 Weeks0.07%
1 Month-0.29%
3 Month1.63%
6 Month80.55%
12 Month41.07%
2 Year6.1%
3 Year-28.59%
5 Year-40.23%
10 Year28.05%
15 Year57.75%
Volatility
ATR(14)0.03
ATR(20)%0.25%
ATR Inc-45.63%
Range Today0.01
ADR(20)0.03
ADR(20)%0.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.04
Mansfield1.64
10 Day High13.76
10 Day Low13.69
20 Day High13.82
20 Day Low13.69
52 Week High13.85
52 Week Low6.98
CS1 End13.73
CR1 Start13.74
Volume & EV
DER(3)-0.94%
DER(5)0.06%
Volume1.94M
Volume Incr200.34%
Vol(5)1.24M
Vol(50)544.24K