BLUEMETRIC ENVIRONMENTAL INC (BLM.CA) Technical Analysis
TSX-V:BLM • CA0964271096
Taking everything into account, BLM scores 0 out of 10 in our technical rating. BLM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BLM is a bad performer in the overall market: 90% of all stocks are doing better.
- BLM is part of the Commercial Services & Supplies industry. There are 24 other stocks in this industry, of which 73% are performing better than BLM.
- BLM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BLM is lagging the market.
- BLM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of BLM 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
0.98
When analyzing the support we notice one important area.
- A support zone ranging from 0.99 to 1.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.40 to 1.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 1.52 to 1.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.55 from a horizontal line in the weekly time frame.
- Resistance @1.62 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 BLM.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLM.CA is down. |
| ChartMill Relative Strength | 10.04 | NEGATIVE | BLM.CA has a low relative strength, it was outperformed by 89.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLM.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.44 | OVERSOLD | The low RSI value suggests BLM.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BLM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6 | OVERSOLD | The low Stochastics value suggests BLM.CA may be oversold. |
| Average True Range in percent/ATR (20) | 9.09 | HIGH VOLATILITY | The high ATR as a percentage value for BLM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.01 | POSITIVE | The high ADX value value for BLM.CA suggests a strong trend. |
BLM.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:BLM (3/9/2026, 7:00:00 PM)
1.02
+0.01 (+0.99%)
BLUEMETRIC ENVIRONMENTAL INC / BLM.CA FAQ
What is the technical rating for BLM stock?
ChartMill assigns a technical rating of 0 / 10 to BLM.CA.
Can you provide the trend direction for BLUEMETRIC ENVIRONMENTAL INC?
The current trend direction for BLUEMETRIC ENVIRONMENTAL INC (BLM.CA) is Bearish.
What is the RSI signal for BLUEMETRIC ENVIRONMENTAL INC (BLM.CA) stock?
BLUEMETRIC ENVIRONMENTAL INC (BLM.CA) has an RSI value of 28.4356. This indicates that the stock is currently oversold.
What is the short term momentum for BLUEMETRIC ENVIRONMENTAL INC (BLM.CA) stock?
The short term momentum for BLUEMETRIC ENVIRONMENTAL INC (BLM.CA) is negative.
What is the buy/sell signal for BLM stock?
The buy/sell signal for BLUEMETRIC ENVIRONMENTAL INC (BLM.CA) is sell as both the short term and long term trends are negative.