BORALEX INC -A (BLX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:BLX - CA09950M3003 - Common Stock
Taking everything into account, BLX scores 0 out of 10 in our technical rating. 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.
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.
More info and screens
24.12
2 important support areas can be observed.
- Support @24.85 from a horizontal line in the weekly time frame.
- Support @24.36 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 27.34 to 27.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 28.63 to 28.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.16 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 | DOWN | NEGATIVE | The short term trend for BLX.CA is down. |
| ChartMill Relative Strength | 11.67 | NEGATIVE | BLX.CA has a low relative strength, it was outperformed by 88.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLX.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLX.CA is below 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) | 35.95 | NEUTRAL | The RSI value for BLX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests BLX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.01 | OVERSOLD | The low Stochastics value suggests BLX.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 39.25 | POSITIVE | The high ADX value value for BLX.CA suggests a strong trend. |
TSX:BLX (11/28/2025, 7:00:00 PM)
24.96
+0.23 (+0.93%)
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 0 / 10 to BLX.CA.
What is the trend direction for BLX 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 35.9501. This indicates that the stock is currently neutral.
What is the buy/sell signal for BORALEX INC -A (BLX.CA) stock?
The buy/sell signal for BORALEX INC -A (BLX.CA) is sell as both the short term and long term trends are negative.
What is the support and resistance level for BLX stock?
BORALEX INC -A (BLX.CA) has a support level at 24.85 and a resistance level at 27.34. Check the full technical report for our detailed analysis of BLX.CA support and resistance levels.