BORALEX INC -A (BLX.CA) Stock Technical Analysis
TSX:BLX - Toronto Stock Exchange - CA09950M3003 - Common Stock - Currency: CAD
Taking everything into account, BLX scores 3 out of 10 in our technical rating. In the last year, BLX was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
79% of all other stocks performed better in the past year than BLX.
BLX is part of the Independent Power and Renewable Electricity Producers industry. There are 37 other stocks in this industry, of which 91% are performing better than BLX.
In the last month BLX has a been trading in the 30.82 - 33.18 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
BLX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLX is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BLX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 31.39, a Stop Loss order could be placed below this zone.
More info and screens
25.47
36.39
We found 5 important support areas.
- A support zone ranging from 30.97 to 31.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.29 from a horizontal line in the daily time frame.
- Support @29.63 from a horizontal line in the daily time frame.
- Support @28.50 from a trend line in the daily time frame.
- Support @25.73 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 31.56 to 31.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 32.58 to 32.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @36.03 from a horizontal line in the weekly 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 BLX.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLX.CA is down. |
| ChartMill Relative Strength | 21.15 | NEGATIVE | BLX.CA has a low relative strength, it was outperformed by 78.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLX.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BLX.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BLX.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.93 | NEUTRAL | The RSI value for BLX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BLX.CA has a negative trend. |
| Stochastics (14,3) | 33.18 | NEUTRAL | The Stochastics value for BLX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.96 | NEGATIVE | The low ADX value for BLX.CA suggests a weak or negative 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:BLX (7/29/2025, 7:00:00 PM)
31.52
-0.03 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.1%
1 Week-3.34%
2 Weeks-0.22%
1 Month-0.38%
3 Month3.48%
6 Month21.98%
12 Month-7.13%
2 Year-7.62%
3 Year-32.16%
5 Year-9.79%
10 Year126.93%
15 Year264.39%
Volatility
ATR(14)0.68
ATR(20)%2.26%
ATR Inc-26.46%
Range Today0.5
ADR(20)0.68
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.15
Mansfield-0.62
10 Day High33.03
10 Day Low31.18
20 Day High33.18
20 Day Low30.82
52 Week High36.63
52 Week Low24.4
CS1 End31.39
CR1 Start31.56
Volume & EV
DER(3)1.34%
DER(5)-0.52%
Volume177.87K
Volume Incr-36.27%
Vol(5)169.47K
Vol(50)287.58K