BLUEMETRIC ENVIRONMENTAL INC (BLM.CA) Stock Technical Analysis
TSX-V:BLM - TSX Venture Exchange - CA0964271096 - Common Stock - Currency: CAD
Overall BLM gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month BLM has a been trading in the 1.25 - 1.60 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that BLM is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, BLM also shows a nice and consistent pattern of rising prices.
BLM is part of the Commercial Services & Supplies industry. There are 24 other stocks in this industry. BLM outperforms 95% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
BLM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLM is lagging the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, BLM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.33, a Stop Loss order could be placed below this zone.
More info and screens
1.28
1.64
We found 1 important support area.
- A support zone ranging from 1.29 to 1.33. 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 1.36 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.42 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.54 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for BLM.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLM.CA is down. |
| ChartMill Relative Strength | 92.32 | POSITIVE | BLM.CA has a high relative strength, it outperformed 92.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BLM.CA is below the rising 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) | UP | POSITIVE | The current price of BLM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.83 | NEUTRAL | The RSI value for BLM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BLM.CA has a negative trend. |
| Stochastics (14,3) | 15.31 | OVERSOLD | The low Stochastics value suggests BLM.CA may be oversold. |
| Average True Range in percent/ATR (20) | 8.19 | HIGH VOLATILITY | The high ATR as a percentage value for BLM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.64 | NEGATIVE | The low ADX value for BLM.CA suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.39 | 1.29 | 0.10 (7.19%) | 13.90% |
| An entry @1.39. This is a Buy Stop order right above the resistance zone. | An exit @1.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 7.19%. | When investing 13.90% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BLM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:BLM (8/7/2025, 7:00:00 PM)
1.34
+0.01 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.75%
1 Week-2.19%
2 Weeks-4.96%
1 Month1.52%
3 Month-6.29%
6 Month48.89%
12 Month168%
2 Year318.75%
3 Year282.86%
5 Year793.33%
10 Year570%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%8.19%
ATR Inc-61.23%
Range Today0.05
ADR(20)0.1
ADR(20)%7.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.32
Mansfield2.26
10 Day High1.44
10 Day Low1.3
20 Day High1.6
20 Day Low1.25
52 Week High1.75
52 Week Low0.46
CS1 End1.33
CR1 Start1.36
Volume & EV
DER(3)-30.4%
DER(5)-23.27%
Volume45.95K
Volume Incr-86.32%
Vol(5)20.01K
Vol(50)97.96K