BORALEX INC -A (BLX.CA) Technical Analysis
TSX:BLX • CA09950M3003
Current stock price
BLX.CA Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to BLX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BLX is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- BLX is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 87% of 32 stocks in the same industry.
- BLX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- BLX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Looking at the yearly performance, BLX did better than 72% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
BLX.CA Weekly and Daily overview Charts
BLX.CA Setup Rating and Analysis
BLX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
BLX.CA Support and Resistance Analysis
24.12
When analyzing the support we can see 5 important areas.
- A support zone ranging from 36.63 to 36.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.55 from a trend line in the daily time frame.
- Support @27.88 from a horizontal line in the daily time frame.
- A support zone ranging from 26.41 to 26.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.36 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.73 to 36.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BLX.CA Technical Indicator Signal Analysis
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 | 72.79 | POSITIVE | BLX.CA has a high relative strength, it outperformed 72.79% 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) | UP | POSITIVE | The current price of BLX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.89 | OVERBOUGHT | The high RSI value suggests BLX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests BLX.CA has a negative trend. |
| Stochastics (14,3) | 54.9 | NEUTRAL | The Stochastics value for BLX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for BLX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 61.51 | POSITIVE | The high ADX value value for BLX.CA suggests a strong trend. |
BLX.CA Chart- and CandleStick Pattern Analysis
BLX.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:BLX (4/17/2026, 7:00:00 PM)
36.64
-0.11 (-0.3%)
BORALEX INC -A / BLX.CA TA FAQ
What is the ChartMill technical rating of BORALEX INC -A (BLX.CA) stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for BLX stock?
BORALEX INC -A (BLX.CA) has an RSI value of 81.8898. This indicates that the stock is currently overbought.
What is the short term momentum for BORALEX INC -A (BLX.CA) stock?
The short term momentum for BORALEX INC -A (BLX.CA) is positive.
Can you provide the support and resistance levels for BORALEX INC -A?
BORALEX INC -A (BLX.CA) has a support level at 36.63 and a resistance level at 36.73. Check the full technical report for our detailed analysis of BLX.CA support and resistance levels.