Technical Analysis for INE - Innergex Renewable Energy Inc.

Grade Last Price % Change Price Change
D 9.580 -0.52% -0.050
INE closed down 0.93 percent on Thursday, October 24, 2024, on 1.29 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
Earnings due: Nov 6
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish -0.52%
MACD Bearish Centerline Cross Bearish -0.52%
Expansion Pivot Sell Setup Bearish Swing Setup -0.52%
Outside Day Range Expansion -0.52%
Down 3 Days in a Row Weakness -0.52%
20 DMA Resistance Bearish -3.82%
Shooting Star Candlestick Bearish -3.82%
Multiple of Ten Bearish Other -3.82%
Pocket Pivot Bullish Swing Setup -3.82%
Inside Day Range Contraction -3.82%

   Recent Intraday Alerts

Alert Time
Down 1% 31 minutes ago
Down 2% about 22 hours ago
Down 1% about 23 hours ago
Fell Below 50 DMA about 23 hours ago
50 DMA Support 1 day ago

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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 Credit Universe Renewable Energy Utilities Farm Solar Electricity Energy Conversion Alternative Energy Wind Power Power Producer Solar Power Renewable 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 10.7677
52 Week Low 6.9294
Average Volume 476,958
200-Day Moving Average 9.057
50-Day Moving Average 9.652
20-Day Moving Average 10.021
10-Day Moving Average 9.786
Average True Range 0.293
RSI (14) 44.13
ADX 17.25
+DI 21.984
-DI 23.555
Chandelier Exit (Long, 3 ATRs) 9.840
Chandelier Exit (Short, 3 ATRs) 10.240
Upper Bollinger Bands 10.762
Lower Bollinger Band 9.280
Percent B (%b) 0.24
BandWidth 14.787
MACD Line -0.009
MACD Signal Line 0.042
MACD Histogram -0.0504
Fundamentals Value
Market Cap 1.68 Billion
Num Shares 174 Million
EPS 0.21
Price-to-Earnings (P/E) Ratio 46.75
Price-to-Sales 7.14
Price-to-Book 4.95
PEG Ratio 2.25
Dividend 0.72
Dividend Yield 7.48%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.245
Resistance 3 (R3) 10.273 10.097 10.143
Resistance 2 (R2) 10.097 9.940 10.083 10.108
Resistance 1 (R1) 9.863 9.843 9.775 9.835 10.074
Pivot Point 9.687 9.687 9.643 9.673 9.687
Support 1 (S1) 9.453 9.530 9.365 9.425 9.186
Support 2 (S2) 9.277 9.433 9.263 9.152
Support 3 (S3) 9.043 9.277 9.118
Support 4 (S4) 9.015