Technical Analysis for INE - Innergex Renewable Energy Inc.

Grade Last Price % Change Price Change
B 10.740 0.28% 0.030
INE closed up 0.28 percent on Friday, July 12, 2024, on 56 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Above Upper BB Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Pocket Pivot Bullish Swing Setup 0.28%
BB Squeeze Ended Range Expansion 0.28%
Above Upper BB Strength 0.28%
Gapped Up Strength 0.28%
Upper Bollinger Band Touch Strength 0.28%
20 DMA Support Bullish 3.17%

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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 Renewable Energy Farm Solar Electricity Energy Conversion Alternative Energy Wind Power Power Producer Renewable Power 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 13.2248
52 Week Low 6.9891
Average Volume 655,986
200-Day Moving Average 8.967
50-Day Moving Average 9.701
20-Day Moving Average 10.371
10-Day Moving Average 10.484
Average True Range 0.276
RSI (14) 63.50
ADX 31.45
+DI 29.233
-DI 14.677
Chandelier Exit (Long, 3 ATRs) 10.033
Chandelier Exit (Short, 3 ATRs) 10.850
Upper Bollinger Bands 10.735
Lower Bollinger Band 10.007
Percent B (%b) 1.01
BandWidth 7.014
MACD Line 0.232
MACD Signal Line 0.249
MACD Histogram -0.0166
Fundamentals Value
Market Cap 1.87 Billion
Num Shares 174 Million
EPS 0.21
Price-to-Earnings (P/E) Ratio 52.14
Price-to-Sales 7.14
Price-to-Book 4.95
PEG Ratio 2.25
Dividend 0.72
Dividend Yield 6.70%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.950
Resistance 3 (R3) 10.963 10.907 10.915
Resistance 2 (R2) 10.907 10.853 10.900 10.903
Resistance 1 (R1) 10.823 10.820 10.795 10.810 10.892
Pivot Point 10.767 10.767 10.753 10.760 10.767
Support 1 (S1) 10.683 10.713 10.655 10.670 10.588
Support 2 (S2) 10.627 10.680 10.620 10.577
Support 3 (S3) 10.543 10.627 10.565
Support 4 (S4) 10.530