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INNERGEX RENEWABLE ENERG (INE-DB-B.CA) Stock Technical Analysis

TSX:INE-DB-B - Toronto Stock Exchange - CA45790BAD60 - Currency: CAD

99.39  +0.19 (+0.19%)

Technical Rating and Analysis

6

Taking everything into account, INE-DB-B scores 6 out of 10 in our technical rating. Although INE-DB-B is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

64% of all other stocks performed better in the past year than INE-DB-B.
INE-DB-B is part of the Independent Power and Renewable Electricity Producers industry. There are 39 other stocks in this industry, of which 76% are performing better than INE-DB-B.
Both the short term and long term trends are positive. This is a very positive sign.
INE-DB-B is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so INE-DB-B is lagging the market slightly.
In the last month INE-DB-B has a been trading in a tight range between 98.50 and 99.75.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
INNERGEX RENEWABLE ENERG / INE-DB-B Weekly stock chart
INNERGEX RENEWABLE ENERG / INE-DB-B Daily stock chart
Setup Rating and Analysis

8

INE-DB-B 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 99.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 99.17, 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.

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Support and Resistance Analysis

91.77

100.91

2 important support areas can be observed.

  • A support zone ranging from 97.25 to 99.17. 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 99.75 to 99.91. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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
CRS36.31
Mansfield-0.72
10 Day High99.75
10 Day Low98.76
20 Day High99.75
20 Day Low98.5
52 Week High99.95
52 Week Low95.02
Performance
1 Week0.37%
2 Weeks0.9%
1 Month0.58%
3 Month0.65%
6 Month0.65%
12 Month1.42%
2 Year-0.61%
3 Year-10.08%
5 Year-6.06%
10 YearN/A
15 YearN/A

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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)

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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)0.02
RSI(14)55.35
LBB98.58
UBB99.65

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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
99.9298.751.17 (1.17%)25.00%
An entry @99.92. This is a Buy Stop order right above the resistance zone.An exit @98.75. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 1.17 points, which is 1.17%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.29%.

  • 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.

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INNERGEX RENEWABLE ENERG / INE-DB-B Daily stock chart

INNERGEX RENEWABLE ENERG

TSX:INE-DB-B (2/21/2025, 7:00:00 PM)

99.39

+0.19 (+0.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.19%
1 Week0.37%
2 Weeks0.9%
1 Month0.58%
3 Month0.65%
6 Month0.65%
12 Month1.42%
2 Year-0.61%
3 Year-10.08%
5 Year-6.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%0.3%
ATR Inc-44.36%
Range Today0.14
ADR(20)0.16
ADR(20)%0.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.31
Mansfield-0.72
10 Day High99.75
10 Day Low98.76
20 Day High99.75
20 Day Low98.5
52 Week High99.95
52 Week Low95.02
CS1 End99.17
CR1 Start99.75
Volume & EV
DER(3)0%
DER(5)0%
Volume25.00K
Volume Incr-87.81%
Vol(5)17.00K
Vol(50)814.02K