We assign a technical rating of 4 out of 10 to BLDP. In the last year, BLDP was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Although the technical rating is only medium, BLDP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.74, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLDP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.73 to 2.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.60 to 2.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.52 to 2.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @2.84 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.90 to 2.91. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for BLDP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLDP is neutral. |
| ChartMill Relative Strength | 79.93 | POSITIVE | BLDP has a high relative strength, it outperformed 79.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BLDP is above 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 | POSITIVE | The current price of BLDP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.53 | 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. |
| Stochastics (14,3) | 70.42 | NEUTRAL | The Stochastics value for BLDP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for BLDP suggests high volalility. |
| Average Directional Index/ADX (14) | 17.11 | NEGATIVE | The low ADX value for BLDP suggests a weak or negative trend. |
2.76
+0.03 (+1.1%)
BALLARD POWER SYSTEMS INC / BLDP FAQ
What is the technical rating for BLDP stock?
ChartMill assigns a technical rating of 4 / 10 to BLDP.
What is the trend direction for BLDP stock?
The current trend direction for BALLARD POWER SYSTEMS INC (BLDP) is Bullish.
What is the RSI signal for BLDP stock?
BALLARD POWER SYSTEMS INC (BLDP) has an RSI value of 51.5321. 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 0.031855, indicating a bearish trend.