Technical analysis from Innergex Renewable Energy (INE.TO.TO, TSE:INE.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Innergex Renewable Energy
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Closing price for INE ($13.52) signals buyers are now keener than sellers
Close Tod Vs Close Yest /
Closing price for INE ($13.52) signals buyers are now keener than sellers

[BULLISH]: Innergex Renewable Energybuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for INE adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.1 & the greatest daily positive change this year has been 4.5. The longest consecutive upswing rally over the last 12 months has been 9 days giving a total rally upward movement of 6.3%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 4.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 0.700000%

Innergex Renewable Energy has moved above the R1 DeMark pivot point ($13.5075) [Bullish]
Demarks Pivot Points /
Innergex Renewable Energy has moved above the R1 DeMark pivot point ($13.5075) [Bullish]

Innergex Renewable Energy has broken the first DeMark resistance point ($13.5075) [Bullish]. Look for a long limit order entry near this point. Exit price for INE should be set @$13.575 & Stoploss for Innergex Renewable Energy should be set at $13.385

Commodity Channel Index /
Innergex Renewable Energy is no longer oversold

[NEUTRAL]: Innergex Renewable Energy current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -77. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -167.

Moving Average Envelope /
Lower envelope oversold signal had been maintained for Innergex Renewable Energy

[BULLISH]: Innergex Renewable Energy current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 12.8725.

Elders Force Index /
Innergex Renewable Energy: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Innergex Renewable Energy current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2697.

Detrended Price Oscillator /
[Bullish]: Displaced moving average is now below the price for INE

[BULLISH]: Innergex Renewable Energy currently has a confirmed uptrend. Price is currently above the displaced moving average for INE. Currently, the return on DPO20 is 1.0%.

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Volume /
Innergex Renewable Energy: Daily volume is 104386 [Lower Volume]

[BEARISH]: Innergex Renewable Energy current volume downtrend in the first timeframe. Volume for INE is 104386 (-51.6).

[Bearish]: Range has decreased for INE during the last trading session
Price Range /
[Bearish]: Range has decreased for INE during the last trading session

[BEARISH]: Innergex Renewable Energy current downtrend in the first timeframe. Currently, the Range is $0.19.

INE Basic Candle: Short Black
Short Black Candle /
INE Basic Candle: Short Black

[BEARISH]: Innergex Renewable Energy has formed a Short Black candlestick. This means, INE has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Simple Moving Average /
The SMA trend following signal is still current for Innergex Renewable Energy [Bearish]

[BEARISH]: Innergex Renewable Energy currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.0%.

Percentage Volume /
Innergex Renewable Energy: Percentage Volume Oscillator (-10.1)

[BEARISH]: Innergex Renewable Energy currently has negative PVO -10.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.3%.

Average Directional Movement /
Innergex Renewable Energy: Average Directional Index (24.17) has confirmed a weak trend is present

[Weak Trend]: ADX for INE has confirmed a weak trend is present. Innergex Renewable Energy has an ATR(14) of 0.224, a DX of 12.64 & an ADX(14) of 24.17

Innergex Renewable Energy is no longer oversold and normal trading conditions are resumed
Stochastic Oscillator /
Innergex Renewable Energy is no longer oversold and normal trading conditions are resumed

INE: Stochastic Oscillator Signal -> (1) 17 May: BULLISH CROSSUNDER (2) 16 May: BEARISH CROSSUNDER (3) 15 May: BEARISH

Triangular Moving Average(5) signal continues for Innergex Renewable Energy indicating downward price movement is likely
Triangular Moving Average /
Triangular Moving Average(5) signal continues for Innergex Renewable Energy indicating downward price movement is likely

[BEARISH]: Innergex Renewable Energy currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.0%.

Low Price /
INE has achieved a new low of $13.44 (0.9 %)

[BEARISH]: Innergex Renewable Energy current uptrend in the first timeframe. Currently, the Low is $13.44 (0.9 %).

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Innergex Renewable Energy indicating downward price movement is likely

INE: SWMA Current Signal -> (1) 17 May: BEARISH (2) 16 May: BEARISH (3) 15 May: BEARISH CROSSOVER

Percentage Price /
PPO continues to signal a continuation of upward price rise for Innergex Renewable Energy

[BULLISH]: Innergex Renewable Energy currently has positive PPO 0.287%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Innergex Renewable Energy has signalled an Aroon trend present [Uptrend]
Aroon Oscillator /
Innergex Renewable Energy has signalled an Aroon trend present [Uptrend]

[BULLISH]: Innergex Renewable Energy has a current ARU(25) of 24 and a current ARD(25) of 4

VROC continues to rise for Innergex Renewable Energy signalling an uptrend will persist
Volume Rate of Change /
VROC continues to rise for Innergex Renewable Energy signalling an uptrend will persist

INE: VROC Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: BULLISH

INE: Current trading activity signals DVI distribution is active
Daily Volume Index /
INE: Current trading activity signals DVI distribution is active

INE: DVI Current Signal -> (1) 17 May: BEARISH (2) 16 May: BEARISH (3) 15 May: BEARISH

On Balance Volume /
OBV: Accumulation still active for Innergex Renewable Energy

[BULLISH]: Innergex Renewable Energy current price has highlighted recent accumulation. Currently, the OBV is 1.20038e+006.

Average True Range /
Innergex Renewable Energy: Average True Range (0.224) has confirmed an uptrend is present

INE: Average True Range Recent Trading -> (1) 17 May: 0.224 (2) 16 May: 0.222 (3) 15 May: 0.204

Momentum /
Innergex Renewable Energy currently has negative momentum of -0.16

[BEARISH]: Innergex Renewable Energy currently has negative momentum of -0.16 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 1%.The largest downward momentum rally for the last 3 months is 8 days producing a return of -2.1%.

Williams %R /
William %R for INE has crossed above the oversold limit triggering a neutral signal

INE: William %R Recent Trading -> (1) 17 May: -62.3 (2) 16 May: -88.7 (3) 15 May: -26

Innergex Renewable Energy has moved below the 161.8% extension level ($24.85) [Bullish]
Fibonacci Extensions /
Innergex Renewable Energy has moved below the 161.8% extension level ($24.85) [Bullish]

Innergex Renewable Energy has moved below the 161.8% level ($24.85) [Bullish]. Look for a long limit order entry near this point. Exit price for INE should be set @$22.86 & Stoploss for Innergex Renewable Energy should be set at $26.84

Innergex Renewable Energy: Uptrend for the long term trend is continued
Long Trend /
Innergex Renewable Energy: Uptrend for the long term trend is continued

[BULLISH]: Innergex Renewable Energy has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 16 2018.

MACD Volume /
Volume MACD for Innergex Renewable Energy continues to gain momentum @9666

[BULLISH]: Innergex Renewable Energy currently has positive Volume MACD of 9666. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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