BLDP Technical Analysis - BALLARD POWER SYSTEMS INC

Technical Rating and Analysis

Overall BLDP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BLDP is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, BLDP did better than 91% of all other stocks.

BLDP is one of the better performing stocks in the Electrical Equipment industry, it outperforms 85% of 15 stocks in the same industry.

BLDP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month BLDP has a been trading in the 3.40 - 5.75 range, which is quite wide. It is currently trading near the high of this range.

BLDP has an average volume of 1036760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BALLARD POWER SYSTEMS INC / BLDP Weekly stock chart

BALLARD POWER SYSTEMS INC / BLDP Daily stock chart

Setup Rating and Analysis

Although BLDP has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.89

5.21

When analyzing the support we can see 3 important areas.

Support @4.88 from a trend line in the daily time frame.
A support zone ranging from 4.45 to 4.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.91 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for BLDP.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BLDP.CA is up.
ChartMill Relative Strength	91.15	POSITIVE	BLDP.CA has a high relative strength, it outperformed 91.15% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BLDP.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BLDP.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BLDP.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	65.64	NEUTRAL	The RSI value for BLDP.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests BLDP.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	81.32	OVERBOUGHT	The high Stochastics value suggests BLDP.CA may be overbought.
Average True Range in percent/ATR (20)	7.8	HIGH VOLATILITY	The high ATR as a percentage value for BLDP.CA suggests high volalility.
Average Directional Index/ADX (14)	53.06	POSITIVE	The high ADX value value for BLDP.CA suggests a strong trend.