Technical Analysis for BLX - Boralex Inc.

Grade Last Price % Change Price Change
D 28.750 0.70% 0.200
BLX closed up 1.96 percent on Wednesday, March 27, 2024, on 84 percent of normal volume.
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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
20 DMA Resistance Bearish 0.70%
Slingshot Bearish Bearish Swing Setup 0.70%
MACD Bullish Signal Line Cross Bullish 0.70%
Oversold Stochastic Weakness 0.70%
Slingshot Bearish Bearish Swing Setup 2.68%
Bullish Engulfing Bullish 2.68%
Stochastic Buy Signal Bullish 2.68%
Lower Bollinger Band Walk Weakness 2.68%
Outside Day Range Expansion 2.68%
Lower Bollinger Band Touch Weakness 2.68%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 3 hours ago
Down 1% about 5 hours ago
20 DMA Resistance about 7 hours ago
Rose Above 20 DMA about 8 hours ago
Up 1% about 8 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 42.7491
52 Week Low 25.113
Average Volume 248,275
200-Day Moving Average 31.345
50-Day Moving Average 30.136
20-Day Moving Average 28.779
10-Day Moving Average 28.081
Average True Range 0.881
RSI (14) 46.52
ADX 21.4
+DI 18.576
-DI 24.492
Chandelier Exit (Long, 3 ATRs) 28.048
Chandelier Exit (Short, 3 ATRs) 29.392
Upper Bollinger Bands 30.531
Lower Bollinger Band 27.026
Percent B (%b) 0.43
BandWidth 12.181
MACD Line -0.624
MACD Signal Line -0.638
MACD Histogram 0.0147
Fundamentals Value
Market Cap 2.93 Billion
Num Shares 103 Million
EPS 0.03
Price-to-Earnings (P/E) Ratio 920.97
Price-to-Sales 6.24
Price-to-Book 4.23
PEG Ratio 0.73
Dividend 0.66
Dividend Yield 2.31%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.020
Resistance 3 (R3) 30.003 29.497 29.775
Resistance 2 (R2) 29.497 29.122 29.505 29.693
Resistance 1 (R1) 29.023 28.891 29.260 29.040 29.612
Pivot Point 28.517 28.517 28.635 28.525 28.517
Support 1 (S1) 28.043 28.142 28.280 28.060 27.488
Support 2 (S2) 27.537 27.911 27.545 27.407
Support 3 (S3) 27.063 27.537 27.325
Support 4 (S4) 27.080