BALLARD POWER SYSTEMS INC (BLDP) Stock Technical Analysis
NASDAQ:BLDP - Nasdaq - CA0585861085 - Common Stock - Currency: USD
Overall BLDP gets a technical rating of 6 out of 10. In the last year, BLDP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
73% of all other stocks performed better in the past year than BLDP.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BLDP has a been trading in the 1.24 - 1.74 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BLDP has an average volume of 9041360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BLDP is an average performer in the Electrical Equipment industry, it outperforms 48% of 94 stocks in the same industry.
BLDP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BLDP is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BLDP has an average technical rating and it also 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
1.28
1.66
We found 2 important support areas.
- Support @1.34 from a trend line in the daily time frame.
- A support zone ranging from 1.29 to 1.31. 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 | 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 | 27.79 | NEGATIVE | BLDP has a low relative strength, it was outperformed by 72.21% off all stocks 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) | DOWN | MIXED | The current price of BLDP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.84 | 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) | 85.26 | OVERBOUGHT | The high Stochastics value suggests BLDP may be overbought. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for BLDP suggests high volalility. |
| Average Directional Index/ADX (14) | 24.62 | NEUTRAL | The ADX value for BLDP suggests a possible start of a new 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)
1.64
-0.03 (-1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.8%
1 Week7.19%
2 Weeks27.13%
1 Month19.71%
3 Month24.24%
6 Month1.23%
12 Month-36.43%
2 Year-62.39%
3 Year-73.97%
5 Year-89.35%
10 Year-21.53%
15 Year4.46%
Volatility
ATR(14)0.1
ATR(20)%5.73%
ATR Inc17.08%
Range Today0.08
ADR(20)0.09
ADR(20)%5.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.79
Mansfield-0.33
10 Day High1.74
10 Day Low1.24
20 Day High1.74
20 Day Low1.24
52 Week High2.82
52 Week Low1
CS1 End1.34
CR1 StartN/A
Volume & EV
DER(3)10.15%
DER(5)9%
Volume9.63M
Volume Incr34.07%
Vol(5)12.66M
Vol(50)9.04M