INNERGEX RENEWABLE ENERGY (INE.CA) Stock Technical Analysis
TSX:INE - Toronto Stock Exchange - CA45790B1040 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to INE. INE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
INE is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 71% of 40 stocks in the same industry.
In the last month INE has a been trading in the 6.98 - 9.17 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the performance of all stocks over the past year, INE turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
INE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INE is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
INE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.96
10.80
When analyzing the support we notice one important area.
- Support @7.03 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 8.96 to 8.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.14 from a horizontal line in the daily time frame.
- Resistance @9.31 from a trend line in the weekly time frame.
- Resistance @10.69 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.44
Mansfield-0.74
10 Day High9.17
10 Day Low6.98
20 Day High9.17
20 Day Low6.98
52 Week High10.96
52 Week Low6.98
Performance
1 Week22.1%
2 Weeks24.13%
1 Month17.76%
3 Month7.57%
6 Month-4.99%
12 Month16.69%
2 Year-38.45%
3 Year-51.44%
5 Year-54.52%
10 Year-23.76%
15 Year13.43%
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)0.21
RSI(14)74.94
LBB6.36
UBB8.58
TSX:INE (2/21/2025, 7:00:00 PM)
8.95
+0.43 (+5.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg5.05%
1 Week22.1%
2 Weeks24.13%
1 Month17.76%
3 Month7.57%
6 Month-4.99%
12 Month16.69%
2 Year-38.45%
3 Year-51.44%
5 Year-54.52%
10 Year-23.76%
15 Year13.43%
Volatility
ATR(14)0.32
ATR(20)%3.64%
ATR Inc206.5%
Range Today0.55
ADR(20)0.31
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.44
Mansfield-0.74
10 Day High9.17
10 Day Low6.98
20 Day High9.17
20 Day Low6.98
52 Week High10.96
52 Week Low6.98
CS1 End7.03
CR1 Start8.96
Volume & EV
DER(3)13.98%
DER(5)7.92%
Volume1.09M
Volume Incr38.7%
Vol(5)909.40K
Vol(50)624.06K