Technical Analysis for INE - Innergex Renewable Energy Inc.

Grade Last Price % Change Price Change
grade B 19.25 -2.14% -0.420
INE closed down 2.14 percent on Thursday, July 9, 2020, on approximately normal volume. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat
Historical INE trend table...

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
20 DMA Support Bullish -0.93%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.93%
Spinning Top Other -0.93%
Bearish Engulfing Bearish -0.77%
20 DMA Support Bullish -0.77%

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Profile

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.
Energy Universe Renewable Energy Electricity Energy Conversion Alternative Energy Solar Power

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 22.28
52 Week Low 13.97
Average Volume 364,976
200-Day Moving Average 18.094
50-Day Moving Average 18.969
20-Day Moving Average 19.151
10-Day Moving Average 19.218
Average True Range 0.608
ADX 7.82
+DI 19.851
-DI 20.959
Chandelier Exit (Long, 3 ATRs ) 18.336
Chandelier Exit (Short, 3 ATRs ) 20.004
Upper Bollinger Band 19.871
Lower Bollinger Band 18.430
Percent B (%b) 0.57
BandWidth 7.525
MACD Line 0.111
MACD Signal Line 0.081
MACD Histogram 0.0296
Fundamentals Value
Market Cap 2.09 Billion
Num Shares 109 Million
EPS 0.22
Price-to-Earnings (P/E) Ratio 87.50
Price-to-Sales 4.96
Price-to-Book 4.96
PEG Ratio 2.39
Dividend 0.66
Dividend Yield 3.43%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.420
Resistance 3 (R3) 20.453 20.097 20.225
Resistance 2 (R2) 20.097 19.799 20.080 20.160
Resistance 1 (R1) 19.673 19.615 19.495 19.640 20.095
Pivot Point 19.317 19.317 19.228 19.300 19.317
Support 1 (S1) 18.893 19.019 18.715 18.860 18.405
Support 2 (S2) 18.537 18.835 18.520 18.340
Support 3 (S3) 18.113 18.537 18.275
Support 4 (S4) 18.080