Technical Analysis for BLX - Boralex Inc.

Grade Last Price % Change Price Change
F 39.270 1.79% 0.690
BLX closed up 3.63 percent on Wednesday, February 1, 2023, on 1.74 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Earnings due: Feb 21
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Lower Bollinger Band Walk Weakness 1.79%
Lower Bollinger Band Touch Weakness 1.79%
Oversold Stochastic Weakness 1.79%
Stochastic Buy Signal Bullish 5.48%
Lower Bollinger Band Walk Weakness 5.48%
Below Lower BB Weakness 5.48%
Down 3 Days in a Row Weakness 5.48%
Down 4 Days in a Row Weakness 5.48%
Down 5 Days in a Row Weakness 5.48%
Lower Bollinger Band Touch Weakness 5.48%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Rose Above Previous Day's High about 3 hours ago
Rose Above 50 DMA about 3 hours ago
Rose Above 10 DMA about 3 hours ago
Up 1 ATR about 3 hours ago
20 DMA Resistance about 3 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 51.55
52 Week Low 31.26
Average Volume 339,112
200-Day Moving Average 41.622
50-Day Moving Average 39.085
20-Day Moving Average 39.712
10-Day Moving Average 38.757
Average True Range 1.015
RSI 44.75
ADX 22.49
+DI 20.087
-DI 28.598
Chandelier Exit (Long, 3 ATRs) 38.735
Chandelier Exit (Short, 3 ATRs) 39.945
Upper Bollinger Bands 42.096
Lower Bollinger Band 37.328
Percent B (%b) 0.26
BandWidth 12.005
MACD Line -0.447
MACD Signal Line -0.134
MACD Histogram -0.3137
Fundamentals Value
Market Cap 3.96 Billion
Num Shares 103 Million
EPS 0.03
Price-to-Earnings (P/E) Ratio 1244.52
Price-to-Sales 6.24
Price-to-Book 4.23
PEG Ratio 0.73
Dividend 0.66
Dividend Yield 1.71%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 41.588
Resistance 3 (R3) 41.418 40.247 41.086
Resistance 2 (R2) 40.247 39.481 40.331 40.919
Resistance 1 (R1) 39.413 39.008 39.830 39.583 40.752
Pivot Point 38.242 38.242 38.450 38.326 38.242
Support 1 (S1) 37.408 37.476 37.825 37.578 36.408
Support 2 (S2) 36.237 37.003 36.321 36.241
Support 3 (S3) 35.403 36.237 36.074
Support 4 (S4) 35.573