Technical Analysis for BLX - Boralex Inc.

Grade Last Price % Change Price Change
D 27.320 0.59% 0.160
BLX closed down 1.49 percent on Thursday, April 25, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
Earnings due: May 8
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.59%
Gapped Down Weakness 0.59%
20 DMA Resistance Bearish -0.91%
Gapped Down Weakness -0.91%
20 DMA Resistance Bearish -0.91%
MACD Bullish Signal Line Cross Bullish -0.91%
Oversold Stochastic Weakness 1.22%
180 Bearish Setup Bearish Swing Setup 2.09%
Stochastic Buy Signal Bullish 2.09%
Gapped Down Weakness 2.09%

   Recent Intraday Alerts

Alert Time
20 DMA Resistance about 1 hour ago
Possible NR7 about 1 hour ago
Rose Above 20 DMA about 2 hours ago
Rose Above Previous Day's High about 6 hours ago
Up 1% about 6 hours ago

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Profile

Boralex Inc. Description

Boralex Inc. is a power producer that develops, constructs and operates renewable energy power stations. The Company's segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States. It operates approximately 870 MW wind power portfolio of assets in France and Canada. It also owns the rights to portfolio of wind power projects in France. It is also a wind power operator in Canada with an installed capacity of approximately 550 MW in Quebec and Ontario. It owns over two thermal power stations with a total installed capacity of approximately 50 MW, consisting of over 30 MW wood-residue power station in Quebec and approximately 10 MW natural gas cogeneration power station in France. It operates over three solar power facilities in France and in Canada.


Classification

Sector: Utilities
Industry: Utilities - Independent Power Producers
Keywords: Energy Natural Gas Wood Renewable Energy Solar Wind Power Power Producer Solar Power

Is BLX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 39.3629
52 Week Low 25.113
Average Volume 264,575
200-Day Moving Average 30.501
50-Day Moving Average 28.425
20-Day Moving Average 27.598
10-Day Moving Average 27.043
Average True Range 0.835
RSI (14) 44.13
ADX 19.55
+DI 18.746
-DI 24.262
Chandelier Exit (Long, 3 ATRs) 26.527
Chandelier Exit (Short, 3 ATRs) 28.754
Upper Bollinger Bands 28.986
Lower Bollinger Band 26.209
Percent B (%b) 0.34
BandWidth 10.062
MACD Line -0.415
MACD Signal Line -0.485
MACD Histogram 0.0696
Fundamentals Value
Market Cap 2.79 Billion
Num Shares 103 Million
EPS 0.03
Price-to-Earnings (P/E) Ratio 876.13
Price-to-Sales 6.24
Price-to-Book 4.23
PEG Ratio 0.73
Dividend 0.66
Dividend Yield 2.43%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.015
Resistance 3 (R3) 27.997 27.693 27.873
Resistance 2 (R2) 27.693 27.476 27.703 27.825
Resistance 1 (R1) 27.427 27.341 27.560 27.445 27.777
Pivot Point 27.123 27.123 27.190 27.133 27.123
Support 1 (S1) 26.857 26.906 26.990 26.875 26.543
Support 2 (S2) 26.553 26.771 26.563 26.495
Support 3 (S3) 26.287 26.553 26.448
Support 4 (S4) 26.305