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BORALEX INC -A (BLX.CA) Stock Technical Analysis

TSX:BLX - Toronto Stock Exchange - CA09950M3003 - Common Stock - Currency: CAD

25.56  -0.25 (-0.97%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to BLX. BLX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, BLX is a bad performer in the overall market: 85% of all stocks are doing better.
BLX is part of the Independent Power and Renewable Electricity Producers industry. There are 40 other stocks in this industry, of which 87% are performing better than BLX.
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.
BLX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
BORALEX INC -A / BLX Weekly stock chart
BORALEX INC -A / BLX Daily stock chart
Setup Rating and Analysis

8

BLX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

Support and Resistance Analysis

24.28

36.75

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 25.41 to 25.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @24.53 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 6 important areas.

  • Resistance @26.01 from a trend line in the daily time frame.
  • A resistance zone ranging from 27.46 to 27.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @29.28 from a horizontal line in the daily time frame.
  • Resistance @34.64 from a trend line in the weekly time frame.
  • Resistance @35.77 from a horizontal line in the weekly time frame.
  • Resistance @36.39 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.62
Mansfield-2.54
10 Day High26.43
10 Day Low24.4
20 Day High27.56
20 Day Low24.4
52 Week High36.68
52 Week Low24.4
Performance
1 Week-0.93%
2 Weeks2.04%
1 Month-5.44%
3 Month-19.65%
6 Month-24.62%
12 Month-14.94%
2 Year-29.68%
3 Year-30.94%
5 Year-10.79%
10 Year97.37%
15 Year155.86%
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)
Technical Indicators
MACD(12,26,9)0.18
RSI(14)44.08
LBB24.39
UBB26.2
BORALEX INC -A / BLX Daily stock chart

BORALEX INC -A

TSX:BLX (2/13/2025, 7:00:00 PM)

25.56

-0.25 (-0.97%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.97%
1 Week-0.93%
2 Weeks2.04%
1 Month-5.44%
3 Month-19.65%
6 Month-24.62%
12 Month-14.94%
2 Year-29.68%
3 Year-30.94%
5 Year-10.79%
10 Year97.37%
15 Year155.86%
Volatility
ATR(14)0.86
ATR(20)%3.17%
ATR Inc-3.85%
Range Today0.89
ADR(20)0.78
ADR(20)%3.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.62
Mansfield-2.54
10 Day High26.43
10 Day Low24.4
20 Day High27.56
20 Day Low24.4
52 Week High36.68
52 Week Low24.4
CS1 End25.44
CR1 Start26.01
Volume & EV
DER(3)0.76%
DER(5)-1.32%
Volume140.80K
Volume Incr-54.19%
Vol(5)179.97K
Vol(50)324.81K