BORALEX INC -A (BLX.CA) Stock Technical Analysis
TSX:BLX • CA09950M3003
We assign a technical rating of 4 out of 10 to BLX. In the past year, BLX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 67% 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 31 other stocks in this industry, of which 83% are performing better than BLX.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- In the last month BLX has a been trading in the 24.93 - 27.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BLX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 27.41. Right above this resistance zone may be a good entry point.
More info and screens
23.64
4 important support areas can be observed.
- A support zone ranging from 25.89 to 26.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.15 to 25.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 24.36 to 24.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.88 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 27.41 to 27.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.16 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for BLX.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLX.CA is neutral. |
| ChartMill Relative Strength | 33.35 | NEUTRAL | BLX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.01 | NEUTRAL | The RSI value for BLX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BLX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.97 | NEUTRAL | The Stochastics value for BLX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.05 | NEUTRAL | The ADX value for BLX.CA suggests a possible start of a new trend. |
TSX:BLX (2/19/2026, 7:00:00 PM)
26.7
-0.14 (-0.52%)
BORALEX INC -A / BLX.CA FAQ
What is the ChartMill technical rating of BORALEX INC -A (BLX.CA) stock?
ChartMill assigns a technical rating of 4 / 10 to BLX.CA.
What is the current trend direction of BORALEX INC -A (BLX.CA) stock?
The current trend direction for BORALEX INC -A (BLX.CA) is Bearish.
Can you provide the RSI signal for BORALEX INC -A?
BORALEX INC -A (BLX.CA) has an RSI value of 53.0076. This indicates that the stock is currently neutral.
What is the MACD signal for BLX stock?
The MACD indicator for BORALEX INC -A (BLX.CA) has a value of 0.0520002, indicating a bearish trend.