BORALEX INC -A (BLX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BLX - CA09950M3003 - Common Stock
Overall BLX gets a technical rating of 2 out of 10. 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.
BLX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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23.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.43 to 25.84. 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 24.36 to 24.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.88 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 26.24 to 26.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.30 from a trend line in the daily time frame.
- Resistance @27.88 from a horizontal line in the daily time frame.
- Resistance @28.63 from a horizontal line in the weekly time frame.
- Resistance @30.66 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 | 17.21 | NEGATIVE | BLX.CA has a low relative strength, it was outperformed by 82.79% 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) | 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) | 53.94 | NEUTRAL | The RSI value for BLX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests BLX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.7 | NEUTRAL | The Stochastics value for BLX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for BLX.CA suggests a possible start of a new trend. |
TSX:BLX (1/9/2026, 7:00:00 PM)
25.99
+0.37 (+1.44%)
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 53.9393. 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 0.143395, 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.