BORALEX INC -A (BLX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BLX - CA09950M3003 - Common Stock
We assign a technical rating of 2 out of 10 to BLX. 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.
- 84% of all other stocks performed better in the past year than BLX.
- BLX is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 71% of 33 stocks in the same industry do better.
- BLX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- 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.
- In the last month BLX has a been trading in the 24.46 - 27.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BLX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.66. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for BLX in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
23.64
When analyzing the support we notice one important area.
- Support @23.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 26.66 to 26.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.88 from a horizontal line in the daily time frame.
- Resistance @30.57 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 | 16.43 | NEGATIVE | BLX.CA has a low relative strength, it was outperformed by 83.57% 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) | 57.17 | NEUTRAL | The RSI value for BLX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests BLX.CA has a positive trend. |
| Stochastics (14,3) | 64.23 | NEUTRAL | The Stochastics value for BLX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.82 | NEGATIVE | The low ADX value for BLX.CA suggests a weak or negative trend. |
TSX:BLX (1/15/2026, 7:00:00 PM)
26.65
+0.87 (+3.37%)
BORALEX INC -A / BLX.CA FAQ
What is the ChartMill technical rating of BORALEX INC -A (BLX.CA) stock?
ChartMill assigns a technical rating of 2 / 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 57.1708. This indicates that the stock is currently neutral.
What is the MACD signal for BLX stock?
The MACD indicator for BORALEX INC -A (BLX.CA) has a value of 0.10981, indicating a bearish trend.
What is the buy/sell signal for BORALEX INC -A (BLX.CA) stock?
The buy/sell signal for BORALEX INC -A (BLX.CA) is hold as the short term and long term trends are mixed.