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 10 out of 10. Both in the recent history as in the last year, BLM has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, BLM did better than 97% of all other 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 95% of 24 stocks in the same industry.
BLM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BLM is performing more or less in line with the market.
In the last month BLM has a been trading in the 1.28 - 1.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BLM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
1.04
1.46
When analyzing the support we can see 3 important areas.
- Support @1.39 from a horizontal line in the daily time frame.
- Support @1.14 from a trend line in the daily time frame.
- Support @1.05 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for BLM.CA is neutral. |
| ChartMill Relative Strength | 97.25 | POSITIVE | BLM.CA has a high relative strength, it outperformed 97.25% 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) | UP | POSITIVE | The current price of BLM.CA is above 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) | 49.96 | NEUTRAL | The RSI value for BLM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BLM.CA has a negative trend. |
| Stochastics (14,3) | 32.45 | NEUTRAL | The Stochastics value for BLM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.28 | HIGH VOLATILITY | The high ATR as a percentage value for BLM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.65 | 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)
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 |
|---|---|---|---|
| 1.59 | 1.38 | 0.21 (12.93%) | 7.73% |
| An entry @1.58. This is a Buy Stop order right above the 10 day moving average. | An exit @1.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.21 points, which is 12.93%. | For a 1.00% total portfolio risk, you can invest 7.73% of your capital in this trade. |
- 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 (6/5/2025, 7:00:00 PM)
1.45
+0.05 (+3.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg3.57%
1 Week-14.71%
2 Weeks-3.33%
1 Month1.4%
3 Month34.26%
6 Month76.83%
12 Month237.21%
2 Year271.8%
3 Year332.84%
5 Year1015.38%
10 Year590.48%
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%8.28%
ATR Inc3.7%
Range Today0.15
ADR(20)0.11
ADR(20)%7.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.25
Mansfield6.26
10 Day High1.75
10 Day Low1.35
20 Day High1.75
20 Day Low1.28
52 Week High1.75
52 Week Low0.4
CS1 End1.39
CR1 StartN/A
Volume & EV
DER(3)-0.45%
DER(5)-0.48%
Volume34.53K
Volume Incr-21.1%
Vol(5)93.27K
Vol(50)81.29K