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. 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.
- The long and short term trends are both positive. This is looking good!
- BLX is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 100% 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.
- Looking at the yearly performance, BLX did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month BLX has a been trading in a tight range between 36.54 and 36.88.
- Considerably lower volume is observed in the last couple of days.
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 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 36.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.72, a Stop Loss order could be placed below this zone.
More info and screens
BLX.CA Support and Resistance Analysis
24.12
We found 5 important support areas.
- A support zone ranging from 36.58 to 36.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.01 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 26.61 to 26.95. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.78 to 36.82. This zone is formed by a combination of multiple trend lines 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 | 75.85 | POSITIVE | BLX.CA has a high relative strength, it outperformed 75.85% 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) | 80.42 | OVERBOUGHT | The high RSI value suggests BLX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests BLX.CA has a negative trend. |
| Stochastics (14,3) | 51.6 | NEUTRAL | The Stochastics value for BLX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for BLX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 65.41 | POSITIVE | The high ADX value value for BLX.CA suggests a strong trend. |
BLX.CA Chart- and CandleStick Pattern Analysis
BLX.CA Example Setup
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 |
|---|---|---|---|
| 36.83 | 36.62 | 0.21 (0.57%) | 25.00% |
| An entry @36.83. This is a Buy Stop order right above the resistance zone. | An exit @36.62. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.21 points, which is 0.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.14%. |
- 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.
BLX.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:BLX (4/29/2026, 7:00:00 PM)
36.78
+0.02 (+0.05%)
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 80.4202. 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 36.72 and a resistance level at 36.75. Check the full technical report for our detailed analysis of BLX.CA support and resistance levels.