Technical Analysis for INE - Innergex Renewable Energy Inc.

Grade Last Price % Change Price Change
F 20.06 -0.50% -0.100
INE closed down 0.5 percent on Monday, May 10, 2021, on 41 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical INE trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Earnings Movers Other 0.00%
Multiple of Ten Bullish Other 0.00%
Oversold Stochastic Weakness 0.00%
Slingshot Bearish Bearish Swing Setup -0.50%
NR7 Range Contraction -0.50%
Lower Bollinger Band Walk Weakness -0.50%
Oversold Stochastic Weakness -0.50%
Older End-of-Day Signals for INE ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible NR7 about 14 hours ago
Down 1% about 18 hours ago
Slingshot Bearish Entry about 18 hours ago
Fell Below Previous Day's Low about 18 hours ago
Possible NR7 4 days ago
View Earlier Intraday Alerts

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Profile

Innergex Renewable Energy Inc. Description

Innergex Renewable Energy Inc. is an independent renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development. Through its hydroelectric, wind power and solar power generation segments, it sells electricity produced by its hydroelectric, wind farm and solar facilities to publicly owned utilities or other creditworthy counterparties. Through its site development segment, it analyzes sites and develops hydroelectric, wind and solar facilities up to the commissioning stage. Its portfolio of assets consists of interests in approximately three groups of power-generating project. It has over 30 facilities with a net installed capacity of over 710 megawatts. The Company owns interests in approximately 30 hydroelectric facilities.


Classification

Sector: Utilities
Industry: Utilities - Independent Power Producers
Keywords: Energy Universe Credit Utilities Farm Solar Renewable Energy Electricity Wind Power Energy Conversion Alternative Energy Renewable Power Power Producer Solar Power Wind Farm

Is INE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 32.48
52 Week Low 17.59
Average Volume 1,208,903
200-Day Moving Average 24.455
50-Day Moving Average 22.066
20-Day Moving Average 21.866
10-Day Moving Average 20.910
Average True Range 0.630
ADX 36.28
+DI 10.088
-DI 34.444
Chandelier Exit (Long, 3 ATRs ) 21.891
Chandelier Exit (Short, 3 ATRs ) 21.699
Upper Bollinger Band 24.204
Lower Bollinger Band 19.528
Percent B (%b) 0.11
BandWidth 21.385
MACD Line -0.704
MACD Signal Line -0.486
MACD Histogram -0.2174
Fundamentals Value
Market Cap 3.5 Billion
Num Shares 174 Million
EPS 0.21
Price-to-Earnings (P/E) Ratio 97.38
Price-to-Sales 7.14
Price-to-Book 4.95
PEG Ratio 2.25
Dividend 0.72
Dividend Yield 3.59%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.405
Resistance 3 (R3) 20.400 20.280 20.348
Resistance 2 (R2) 20.280 20.192 20.283 20.328
Resistance 1 (R1) 20.170 20.138 20.110 20.175 20.309
Pivot Point 20.050 20.050 20.020 20.053 20.050
Support 1 (S1) 19.940 19.962 19.880 19.945 19.811
Support 2 (S2) 19.820 19.908 19.823 19.792
Support 3 (S3) 19.710 19.820 19.773
Support 4 (S4) 19.715