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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Innergex Renewable Energy (TSE:INE)
Sidelines Mode (-55) - INE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid INE?
MarketClub looks at technical strength and momentum to determine if the timing is right for INE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for INE
The long-term trend has been DOWN since Oct 5th, 2022 at 17.12
The intermediate-term trend has been UP since May 1st, 2024 at 8.29
The short-term trend has been DOWN since May 9th, 2024 at 8.46
Smart Scan Analysis for INE
Based on our trend formula, INE is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.51 | 8.59 | 8.19 | 8.43 | -0.14 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.57 | 216023 | 2024-05-09 11:13:37 |
| Year High | 14.53 | Year High Date | 2018-01-08 |
| Year Low | 11.66 | Year Low Date | 2018-10-15 |
| 52wk High | 14.74 | 52wk High Date | 2017-12-08 |
| 52wk Low | 11.66 | 52wk Low Date | 2018-10-15 |
| Year End Close | 10.35 | Average Volume | 173,653 |
| Volatility | 15.3 |