Technical Analysis for INE - Innergex Renewable Energy Inc.

Grade Last Price % Change Price Change
F 11.080 -2.12% -0.240
INE closed down 5.19 percent on Tuesday, September 26, 2023, on 2.08 times normal volume. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish -2.12%
Expansion Breakdown Bearish Swing Setup -2.12%
Lower Bollinger Band Walk Weakness -2.12%
New 52 Week Low Weakness -2.12%
Stochastic Reached Oversold Weakness -2.12%
Below Lower BB Weakness -2.12%
Gapped Down Weakness -2.12%
Lower Bollinger Band Touch Weakness -2.12%
Oversold Stochastic Weakness -2.12%
Oversold Stochastic Weakness -7.20%

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

Alert Time
Down 1 ATR about 1 hour ago
Down 3% about 1 hour ago
Down 2% about 3 hours ago
Down 1% about 4 hours ago
Fell Below Previous Day's Low about 5 hours 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 Utilities Farm Renewable Energy Solar Electricity Energy Conversion Alternative Energy Renewable Power Wind Power Power Producer Wind Farm 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 18.1623
52 Week Low 11.3
Average Volume 372,045
200-Day Moving Average 14.091
50-Day Moving Average 12.634
20-Day Moving Average 12.387
10-Day Moving Average 12.151
Average True Range 0.321
RSI (14) 25.37
ADX 18.18
+DI 15.013
-DI 39.992
Chandelier Exit (Long, 3 ATRs) 12.377
Chandelier Exit (Short, 3 ATRs) 12.263
Upper Bollinger Bands 13.215
Lower Bollinger Band 11.559
Percent B (%b) -0.14
BandWidth 13.362
MACD Line -0.265
MACD Signal Line -0.169
MACD Histogram -0.0953
Fundamentals Value
Market Cap 1.97 Billion
Num Shares 174 Million
EPS 0.21
Price-to-Earnings (P/E) Ratio 54.95
Price-to-Sales 7.14
Price-to-Book 4.95
PEG Ratio 2.25
Dividend 0.72
Dividend Yield 6.36%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.115
Resistance 3 (R3) 12.197 12.013 11.983
Resistance 2 (R2) 12.013 11.811 11.973 11.938
Resistance 1 (R1) 11.667 11.686 11.575 11.585 11.894
Pivot Point 11.483 11.483 11.438 11.443 11.483
Support 1 (S1) 11.137 11.281 11.045 11.055 10.746
Support 2 (S2) 10.953 11.156 10.913 10.702
Support 3 (S3) 10.607 10.953 10.658
Support 4 (S4) 10.525