BALLARD POWER SYSTEMS INC (BLDP) Stock Technical Analysis
NASDAQ:BLDP - Nasdaq - CA0585861085 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to BLDP. BLDP has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BLDP has a been trading in the 1.39 - 1.99 range, which is quite wide. It is currently trading near the high of this range.
BLDP has an average volume of 9120250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BLDP outperforms 65% of them, which is more or less in line with the market.
BLDP is part of the Electrical Equipment industry. There are 94 other stocks in this industry, BLDP did better than 50% 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.
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.
More info and screens
1.40
1.89
We found 2 important support areas.
- A support zone ranging from 1.47 to 1.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.41 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for BLDP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLDP is up. |
| ChartMill Relative Strength | 65.54 | NEUTRAL | BLDP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLDP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLDP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLDP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.37 | NEUTRAL | The RSI value for BLDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BLDP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.33 | OVERBOUGHT | The high Stochastics value suggests BLDP may be overbought. |
| Average True Range in percent/ATR (20) | 6.74 | HIGH VOLATILITY | The high ATR as a percentage value for BLDP suggests high volalility. |
| Average Directional Index/ADX (14) | 27.75 | POSITIVE | The high ADX value value for BLDP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.87
-0.07 (-3.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-3.61%
1 Week5.65%
2 Weeks23.84%
1 Month11.31%
3 Month55.83%
6 Month6.86%
12 Month-29.96%
2 Year-60.38%
3 Year-76.71%
5 Year-86.85%
10 Year38.52%
15 Year10.65%
Volatility
ATR(14)0.12
ATR(20)%6.74%
ATR Inc-44.64%
Range Today0.07
ADR(20)0.12
ADR(20)%6.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.54
Mansfield1.09
10 Day High1.99
10 Day Low1.43
20 Day High1.99
20 Day Low1.39
52 Week High2.67
52 Week Low1
CS1 End1.48
CR1 StartN/A
Volume & EV
DER(3)5.2%
DER(5)6.08%
Volume5.19M
Volume Incr-18.69%
Vol(5)8.58M
Vol(50)9.12M