Cannabix Technologies Inc (BLO.CA) Technical Analysis
CNSX:BLO
Current stock price
1.5
-0.07 (-4.46%)
Last:
BLO.CA Technical Rating and Analysis
Overall BLO gets a technical rating of 8 out of 10. In the last year, BLO was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that BLO is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, BLO also shows a nice and consistent pattern of rising prices.
- BLO 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 BLO is lagging the market slightly.
- In the last month BLO has a been trading in the 1.24 - 1.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BLO.CA Weekly and Daily overview Charts
BLO.CA Setup Rating and Analysis
BLO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.56. Right above this resistance zone may be a good entry point.
More info and screens
BLO.CA Support and Resistance Analysis
1.30
1.60
2 important support areas can be observed.
- Support @1.37 from a trend line in the daily time frame.
- A support zone ranging from 1.31 to 1.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.56 to 1.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
BLO.CA Technical Indicator Signal Analysis
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 BLO.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLO.CA is neutral. |
| ChartMill Relative Strength | 88.33 | POSITIVE | BLO.CA has a high relative strength, it outperformed 88.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLO.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.96 | NEUTRAL | The RSI value for BLO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BLO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.99 | NEUTRAL | The Stochastics value for BLO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.47 | HIGH VOLATILITY | The high ATR as a percentage value for BLO.CA suggests high volalility. |
BLO.CA Chart- and CandleStick Pattern Analysis
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)
BLO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CNSX:BLO (4/8/2021, 8:02:51 PM)
1.5
-0.07 (-4.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.46%
1 Week-3.23%
2 Weeks12.78%
1 Month1.35%
3 Month63.04%
6 Month265.85%
12 Month294.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%6.47%
ATR Inc68%
Range Today0.16
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.33
3 months CRSN/A
6 months CRSN/A
Mansfield6.58
10 Day High1.66
10 Day Low1.26
20 Day High1.66
20 Day Low1.24
52 Week High2.49
52 Week Low0.36
CS1 End1.37
CR1 Start1.56
Volume & EV
DER(3)-3.93%
DER(5)-2.1%
Volume215.90K
Volume Incr-14.88%
Vol(5)104.70K
Vol(50)335.45K
Cannabix Technologies Inc / BLO.CA TA FAQ
What is the ChartMill technical rating of Cannabix Technologies Inc (BLO.CA) stock?
ChartMill assigns a technical rating of 7 / 10 to BLO.CA.
What is the trend direction for BLO stock?
The current trend direction for Cannabix Technologies Inc (BLO.CA) is Bullish.
What is the RSI signal for Cannabix Technologies Inc (BLO.CA) stock?
Cannabix Technologies Inc (BLO.CA) has an RSI value of 48.9579. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Cannabix Technologies Inc?
The short term momentum for Cannabix Technologies Inc (BLO.CA) is neutral.