BLUENERGIES LTD (BLU.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:BLU • CA0959221007
Taking everything into account, BLU scores 7 out of 10 in our technical rating. Although BLU is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, BLU is a bad performer in the overall market: 100% of all stocks are doing better.
- BLU is part of the Biotechnology industry. There are 24 other stocks in this industry, of which 95% are performing better than BLU.
- Warning: BLU has an average volume of 24595 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- BLU is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Although BLU has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.09
When analyzing the support we can see 3 important areas.
- Support @1.60 from a horizontal line in the daily time frame.
- Support @1.17 from a trend line in the daily time frame.
- Support @1.10 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 BLU.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLU.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BLU.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLU.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLU.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 66.79 | NEUTRAL | The RSI value for BLU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BLU.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.1 | OVERBOUGHT | The high Stochastics value suggests BLU.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for BLU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 46.61 | POSITIVE | The high ADX value value for BLU.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 1.71 | 1.59 | 0.12 (7.02%) | 14.25% |
| An entry @1.71. This is a Buy Stop order right above the 10 day high. | An exit @1.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 7.02%. | When investing 14.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:BLU (2/6/2026, 7:00:00 PM)
1.7
+0.03 (+1.8%)
BLUENERGIES LTD / BLU.CA FAQ
Can you provide the ChartMill technical rating for BLUENERGIES LTD?
ChartMill assigns a technical rating of 7 / 10 to BLU.CA.
What is the current trend direction of BLUENERGIES LTD (BLU.CA) stock?
The current trend direction for BLUENERGIES LTD (BLU.CA) is Bullish.
Can you provide the RSI signal for BLUENERGIES LTD?
BLUENERGIES LTD (BLU.CA) has an RSI value of 66.7902. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BLUENERGIES LTD?
The MACD indicator for BLUENERGIES LTD (BLU.CA) has a value of -0.00366584, indicating a bearish trend.
What is the short term momentum for BLUENERGIES LTD (BLU.CA) stock?
The short term momentum for BLUENERGIES LTD (BLU.CA) is positive.