INNERGEX RENEWABLE ENERG (INE-DB-B.CA) Stock Technical Analysis
TSX:INE-DB-B - Toronto Stock Exchange - CA45790BAD60 - Currency: CAD
Taking everything into account, INE-DB-B scores 7 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-DB-B is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
INE-DB-B is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
When comparing the performance of all stocks over the past year, INE-DB-B turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
INE-DB-B is part of the Independent Power and Renewable Electricity Producers industry. There are 39 other stocks in this industry, INE-DB-B did better than 42% of them.
In the last month INE-DB-B has a been trading in a tight range between 99.80 and 100.19.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, INE-DB-B also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 99.91, 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
91.77
101.79
2 important support areas can be observed.
- A support zone ranging from 97.25 to 99.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.70 to 93.00. 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 99.99 to 100.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.66
Mansfield0.76
10 Day High100.05
10 Day Low99.95
20 Day High100.19
20 Day Low99.8
52 Week High100.19
52 Week Low96.01
Performance
1 Week-0.05%
2 Weeks-0.23%
1 Month0.07%
3 Month0.94%
6 Month1.47%
12 Month2.78%
2 Year2.72%
3 Year-9.51%
5 Year-8.72%
10 YearN/A
15 YearN/A
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)-0.04
RSI(14)52.3
LBB99.88
UBB100.16
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 |
|---|---|---|---|
| 100.00 | 99.94 | 0.06 (0.06%) | 25.00% |
| An entry @100.00. This is a Buy Stop order right above the 10 day moving average. | An exit @99.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.06%. | For a 0.02% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of INE-DB-B. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:INE-DB-B (4/22/2025, 7:00:00 PM)
99.95
-0.02 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.02%
1 Week-0.05%
2 Weeks-0.23%
1 Month0.07%
3 Month0.94%
6 Month1.47%
12 Month2.78%
2 Year2.72%
3 Year-9.51%
5 Year-8.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.09%
ATR Inc-18.6%
Range Today0.05
ADR(20)0.06
ADR(20)%0.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.66
Mansfield0.76
10 Day High100.05
10 Day Low99.95
20 Day High100.19
20 Day Low99.8
52 Week High100.19
52 Week Low96.01
CS1 End99.91
CR1 Start99.99
Volume & EV
DER(3)0%
DER(5)0%
Volume90.00K
Volume Incr-36.3%
Vol(5)79.40K
Vol(50)340.90K