INNERGEX RENEWABLE ENERG - INECN 5 3/4 PERP (INE-PR-C.CA) Stock Technical Analysis
TSX:INE-PR-C - Toronto Stock Exchange - CA45790B7088 - Currency: CAD
We assign a technical rating of 9 out of 10 to INE-PR-C. In the last year, INE-PR-C was one of the better performers, but we do observe some doubts in the very recent evolution.
Warning: INE-PR-C has an average volume of 5694 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that INE-PR-C is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, INE-PR-C also shows a nice and consistent pattern of rising prices.
INE-PR-C is part of the Independent Power and Renewable Electricity Producers industry. There are 39 other stocks in this industry. INE-PR-C outperforms 92% of them.
INE-PR-C is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so INE-PR-C slightly outperforms the market at the moment.
In the last month INE-PR-C has a been trading in a tight range between 24.36 and 25.48.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, INE-PR-C also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.36, a Stop Loss order could be placed below this zone.
More info and screens
19.26
25.73
We found 4 important support areas.
- A support zone ranging from 24.36 to 24.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.70 to 20.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.15 to 20.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @19.45 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.55 to 25.48. 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
CRS88.64
Mansfield2.58
10 Day High24.75
10 Day Low24.36
20 Day High25.48
20 Day Low24.36
52 Week High25.48
52 Week Low17.2
Performance
1 Week-0.81%
2 Weeks-0.41%
1 Month-2.08%
3 Month22.55%
6 Month20.15%
12 Month41.68%
2 Year15.34%
3 Year2.13%
5 Year2.13%
10 Year20.15%
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)-0.13
RSI(14)51.39
LBB24.13
UBB25.18
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 |
|---|---|---|---|
| 24.76 | 24.35 | 0.41 (1.66%) | 25.00% |
| An entry @24.76. This is a Buy Stop order right above the 10 day high. | An exit @24.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.41 points, which is 1.66%. | For a 0.41% 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 ENERG - INECN 5 3/4 PERP
TSX:INE-PR-C (4/23/2025, 7:00:00 PM)
24.51
+0.1 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.41%
1 Week-0.81%
2 Weeks-0.41%
1 Month-2.08%
3 Month22.55%
6 Month20.15%
12 Month41.68%
2 Year15.34%
3 Year2.13%
5 Year2.13%
10 Year20.15%
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%0.53%
ATR Inc-2.69%
Range Today0.17
ADR(20)0.08
ADR(20)%0.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.64
Mansfield2.58
10 Day High24.75
10 Day Low24.36
20 Day High25.48
20 Day Low24.36
52 Week High25.48
52 Week Low17.2
CS1 End24.36
CR1 Start24.55
Volume & EV
DER(3)0%
DER(5)0%
Volume4.50K
Volume Incr-37.66%
Vol(5)2.28K
Vol(50)5.69K