BORALEX INC -A (BLX.CA) Stock Technical Analysis
Canada - TSX:BLX - CA09950M3003 - Common Stock
28.46 CAD
-0.53 (-1.83%)
Taking everything into account, BLX scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BLX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BLX is a bad performer in the overall market: 91% of all stocks are doing better.
BLX is part of the Independent Power and Renewable Electricity Producers industry. There are 34 other stocks in this industry, of which 90% are performing better than BLX.
In the last month BLX has a been trading in the 26.84 - 29.02 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
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.
BLX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.47. Right above this resistance zone may be a good entry point.
More info and screens
25.19
31.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.83 to 28.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.74 to 27.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.44 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 28.47 to 28.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.66 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 | DOWN | NEGATIVE | The long term trend for BLX.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLX.CA is up. |
| ChartMill Relative Strength | 9.25 | NEGATIVE | BLX.CA has a low relative strength, it was outperformed by 90.75% off all stocks 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) | DOWN | MIXED | The current price of BLX.CA is above a declining 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) | 54.46 | NEUTRAL | The RSI value for BLX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests BLX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.44 | OVERBOUGHT | The high Stochastics value suggests BLX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.23 | 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)
TSX:BLX (10/17/2025, 7:00:00 PM)
28.46
-0.53 (-1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-1.83%
1 Week2.52%
2 Weeks4.1%
1 Month5.6%
3 Month-10.31%
6 Month-3.33%
12 Month-20.99%
2 Year10.27%
3 Year-26.33%
5 Year-26.55%
10 Year104.45%
15 Year238.81%
Volatility
ATR(14)0.59
ATR(20)%2.01%
ATR Inc6.13%
Range Today0.54
ADR(20)0.56
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.25
Mansfield-1.3
10 Day High29.02
10 Day Low27.1
20 Day High29.02
20 Day Low26.84
52 Week High36.63
52 Week Low24.4
CS1 End28.36
CR1 Start28.47
Volume & EV
DER(3)1.92%
DER(5)-1.76%
Volume574.80K
Volume Incr-3.91%
Vol(5)378.44K
Vol(50)385.81K