Cannabix Technologies Inc (BLO.CA) Stock Technical Analysis
CNSX:BLO - Canadian Securities Exchange -
Taking everything into account, BLO scores 8 out of 10 in our technical rating. 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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. We also observe that the gains produced by BLO over the past year are nicely spread over this period.
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.
Besides having an excellent technical rating, BLO 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
1.30
1.60
When analyzing the support we can see 2 important areas.
- 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.
When analyzing the resistance we notice one important 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.
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. |
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)
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
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