Taking everything into account, BLDP scores 1 out of 10 in our technical rating. BLDP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month BLDP has a been trading in the 2.03 - 2.84 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- BLDP has an average volume of 3252190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, BLDP turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
- BLDP is part of the Electrical Equipment industry. There are 91 other stocks in this industry, BLDP did better than 51% of them.
- BLDP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLDP is lagging the market.
The technical rating of BLDP is bad and it also does not present a 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.
More info and screens
2.00
We found 2 important support areas.
- Support @2.14 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.02 to 2.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.53 to 2.56. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @2.84 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for BLDP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLDP is down. |
| ChartMill Relative Strength | 63.09 | NEUTRAL | BLDP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLDP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLDP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BLDP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.81 | NEUTRAL | The RSI value for BLDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BLDP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.86 | OVERSOLD | The low Stochastics value suggests BLDP may be oversold. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for BLDP suggests high volalility. |
| Average Directional Index/ADX (14) | 35.97 | POSITIVE | The high ADX value value for BLDP suggests a strong trend. |
2.16
-0.01 (-0.46%)
BALLARD POWER SYSTEMS INC / BLDP FAQ
What is the technical rating for BLDP stock?
ChartMill assigns a technical rating of 1 / 10 to BLDP.
What is the trend direction for BLDP stock?
The current trend direction for BALLARD POWER SYSTEMS INC (BLDP) is Bearish.
What is the RSI signal for BLDP stock?
BALLARD POWER SYSTEMS INC (BLDP) has an RSI value of 31.8072. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BALLARD POWER SYSTEMS INC?
The MACD indicator for BALLARD POWER SYSTEMS INC (BLDP) has a value of -0.0360515, indicating a bearish trend.
What is the buy/sell signal for BLDP stock?
The buy/sell signal for BALLARD POWER SYSTEMS INC (BLDP) is sell as both the short term and long term trends are negative.