BORALEX INC -A (BLX.CA) Technical Analysis
TSX:BLX • CA09950M3003
Current stock price
36.62 CAD
+3.62 (+10.97%)
Last:
BLX.CA Technical Rating and Analysis
Overall BLX gets a technical rating of 7 out of 10. In the last year, BLX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- BLX is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 96% of 32 stocks in the same industry.
- BLX is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BLX is leading the market.
- In the last month BLX has a been trading in the 26.19 - 36.72 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that BLX is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BLX.CA Weekly and Daily overview Charts
BLX.CA Setup Rating and Analysis
Although BLX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
BLX.CA Support and Resistance Analysis
24.90
36.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.25 to 27.88. 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 26.09 to 26.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.15 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for BLX.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLX.CA is up. |
| ChartMill Relative Strength | 77.32 | POSITIVE | BLX.CA has a high relative strength, it outperformed 77.32% 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) | 87.71 | OVERBOUGHT | The high RSI value suggests BLX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests BLX.CA has a positive trend. |
| Stochastics (14,3) | 90.69 | OVERBOUGHT | The high Stochastics value suggests BLX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.96 | POSITIVE | The high ADX value value for BLX.CA suggests a strong trend. |
BLX.CA Chart- and CandleStick Pattern Analysis
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)
BLX.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:BLX (3/25/2026, 7:00:00 PM)
36.62
+3.62 (+10.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg10.97%
1 Week27.2%
2 Weeks33.94%
1 Month35.78%
3 Month43.44%
6 Month33.99%
12 Month25.84%
2 Year27.95%
3 Year-11.01%
5 Year-7.34%
10 Year127.45%
15 Year333.37%
Volatility
ATR(14)1.36
ATR(20)%3.3%
ATR Inc268.98%
Range Today0.27
ADR(20)0.99
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.32
3 months CRS91.7
6 months CRS83.83
Mansfield2.34
10 Day High36.72
10 Day Low26.92
20 Day High36.72
20 Day Low26.19
52 Week High36.72
52 Week Low23.48
CS1 End27.88
CR1 StartN/A
Volume & EV
DER(3)4.73%
DER(5)3.53%
Volume6.60M
Volume Incr351.7%
Vol(5)2.15M
Vol(50)689.05K
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 7 / 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 Bearish.
Can you provide the RSI signal for BORALEX INC -A?
BORALEX INC -A (BLX.CA) has an RSI value of 87.7106. This indicates that the stock is currently overbought.
What is the MACD signal for BLX stock?
The MACD indicator for BORALEX INC -A (BLX.CA) has a value of 0.786383, indicating a bearish trend.