BORALEX INC -A (BLX.CA) Stock Technical Analysis
TSX:BLX - Toronto Stock Exchange - CA09950M3003 - Common Stock - Currency: CAD
Taking everything into account, BLX scores 7 out of 10 in our technical rating. Although BLX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BLX is part of the Independent Power and Renewable Electricity Producers industry. There are 39 other stocks in this industry, of which 76% are performing better than BLX.
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 performance of all stocks over the past year, BLX turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
BLX 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 BLX is lagging the market slightly.
In the last month BLX has a been trading in the 29.44 - 31.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BLX 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 31.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.99, a Stop Loss order could be placed below this zone.
More info and screens
25.47
36.13
3 important support areas can be observed.
- A support zone ranging from 29.54 to 29.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.94 from a trend line in the daily time frame.
- A support zone ranging from 25.73 to 25.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.41 to 31.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @35.77 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.68
Mansfield-0.61
10 Day High31.95
10 Day Low29.44
20 Day High31.95
20 Day Low29.44
52 Week High36.68
52 Week Low24.4
Performance
1 Week-4.63%
2 Weeks-1.7%
1 Month0.2%
3 Month10.82%
6 Month0.87%
12 Month-8.68%
2 Year-19.75%
3 Year-22.04%
5 Year5.06%
10 Year113.63%
15 Year232.6%
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)
Technical Indicators
MACD(12,26,9)-0.17
RSI(14)49.1
LBB29.47
UBB31.95
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 |
|---|---|---|---|
| 30.79 | 29.53 | 1.26 (4.10%) | 24.38% |
| An entry @30.79. This is a Buy Stop order right above the 10 day moving average. | An exit @29.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.26 points, which is 4.10%. | When investing 24.38% 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:BLX (5/21/2025, 7:00:00 PM)
30.1
-0.82 (-2.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-2.65%
1 Week-4.63%
2 Weeks-1.7%
1 Month0.2%
3 Month10.82%
6 Month0.87%
12 Month-8.68%
2 Year-19.75%
3 Year-22.04%
5 Year5.06%
10 Year113.63%
15 Year232.6%
Volatility
ATR(14)0.83
ATR(20)%2.62%
ATR Inc41.37%
Range Today0.85
ADR(20)0.77
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.68
Mansfield-0.61
10 Day High31.95
10 Day Low29.44
20 Day High31.95
20 Day Low29.44
52 Week High36.68
52 Week Low24.4
CS1 End29.99
CR1 Start31.41
Volume & EV
DER(3)-1.04%
DER(5)-0.96%
Volume289.10K
Volume Incr48.24%
Vol(5)383.78K
Vol(50)330.38K