BORALEX INC -A (BLX.CA) Stock Technical Analysis
TSX:BLX - Toronto Stock Exchange - CA09950M3003 - Common Stock - Currency: CAD
Overall BLX gets a technical rating of 8 out of 10. 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 one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 75% of 37 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
In the last month BLX has a been trading in the 29.61 - 32.63 range, which is quite wide. It is currently trading near the high of this range.
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 43% 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.
Besides having an excellent technical rating, BLX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 32.22. Right above this resistance zone may be a good entry point.
More info and screens
25.47
36.84
3 important support areas can be observed.
- A support zone ranging from 29.60 to 29.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.49 from a trend line in the daily time frame.
- Support @25.73 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 32.22 to 32.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 35.77 to 36.48. 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 BLX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLX.CA is up. |
| ChartMill Relative Strength | 43.49 | 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 | MIXED | The current price of BLX.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.04 | NEUTRAL | The RSI value for BLX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BLX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.81 | NEUTRAL | The Stochastics value for BLX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.05 | NEUTRAL | The ADX value for BLX.CA suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 32.28 | 31.21 | 1.07 (3.31%) | 25.00% |
| An entry @32.28. This is a Buy Stop order right above the resistance zone. | An exit @31.21. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.07 points, which is 3.31%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (6/13/2025, 7:00:00 PM)
32.18
-0.02 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.06%
1 Week1.07%
2 Weeks1.93%
1 Month8.72%
3 Month11.54%
6 Month11%
12 Month-5.55%
2 Year-10.78%
3 Year-24.95%
5 Year4.14%
10 Year142.32%
15 Year305.29%
Volatility
ATR(14)0.54
ATR(20)%2.02%
ATR Inc-7.17%
Range Today0.49
ADR(20)0.64
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.49
Mansfield-0.08
10 Day High32.63
10 Day Low31.22
20 Day High32.63
20 Day Low29.62
52 Week High36.63
52 Week Low24.4
CS1 End29.77
CR1 Start32.22
Volume & EV
DER(3)0.88%
DER(5)0.38%
Volume265.81K
Volume Incr-12.61%
Vol(5)290.60K
Vol(50)332.95K