BLUEMETRIC ENVIRONMENTAL INC (BLM.CA) Stock Technical Analysis
TSX-V:BLM - TSX Venture Exchange - CA0964271096 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to BLM. In the last year, BLM was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month BLM has a been trading in the 1.25 - 1.57 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 96% of all stocks. We also observe that the gains produced by BLM over the past year are nicely spread over this period.
BLM is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 91% of 24 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.34. Right above this resistance zone may be a good entry point.
More info and screens
1.24
1.45
When analyzing the support we can see 3 important areas.
- Support @1.32 from a horizontal line in the weekly time frame.
- Support @1.29 from a horizontal line in the daily time frame.
- Support @1.25 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.34 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 1.43 to 1.44. 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 BLM.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLM.CA is down. |
| ChartMill Relative Strength | 96.33 | POSITIVE | BLM.CA has a high relative strength, it outperformed 96.33% 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) | UP | MIXED | The current price of BLM.CA is below the rising 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) | 42.77 | NEUTRAL | The RSI value for BLM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BLM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.81 | NEUTRAL | The Stochastics value for BLM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for BLM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 34.47 | POSITIVE | The high ADX value value for BLM.CA 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)
TSX-V:BLM (7/11/2025, 7:00:00 PM)
1.33
+0.03 (+2.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg2.31%
1 Week-2.21%
2 Weeks-2.92%
1 Month-11.92%
3 Month16.67%
6 Month46.15%
12 Month228.4%
2 Year216.67%
3 Year309.23%
5 Year885.19%
10 Year682.35%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%5.6%
ATR Inc66.25%
Range Today0.09
ADR(20)0.07
ADR(20)%5.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.33
Mansfield2.91
10 Day High1.39
10 Day Low1.25
20 Day High1.57
20 Day Low1.25
52 Week High1.75
52 Week Low0.4
CS1 End1.32
CR1 Start1.34
Volume & EV
DER(3)0%
DER(5)0%
Volume54.94K
Volume Incr-23.74%
Vol(5)32.80K
Vol(50)77.09K