Technical Analysis for BLX - Boralex Inc.

Grade Last Price % Change Price Change
D 29.810 -0.70% -0.210
BLX closed up 0.07 percent on Wednesday, November 20, 2024, on 1.39 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup -0.70%
Lower Bollinger Band Walk Weakness -0.70%
Multiple of Ten Bullish Other -0.70%
Below Lower BB Weakness -0.70%
Lower Bollinger Band Touch Weakness -0.70%
Oversold Stochastic Weakness -0.70%
Hammer Candlestick Bullish -0.63%
Lower Bollinger Band Walk Weakness -0.63%
Below Lower BB Weakness -0.63%
Down 3 Days in a Row Weakness -0.63%

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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 36.68
52 Week Low 26.126
Average Volume 258,774
200-Day Moving Average 32.048
50-Day Moving Average 34.329
20-Day Moving Average 32.895
10-Day Moving Average 31.991
Average True Range 0.899
RSI (14) 25.37
ADX 31.15
+DI 14.092
-DI 35.296
Chandelier Exit (Long, 3 ATRs) 33.785
Chandelier Exit (Short, 3 ATRs) 32.196
Upper Bollinger Bands 35.624
Lower Bollinger Band 30.165
Percent B (%b) -0.03
BandWidth 16.596
MACD Line -1.067
MACD Signal Line -0.719
MACD Histogram -0.348
Fundamentals Value
Market Cap 3.08 Billion
Num Shares 103 Million
EPS 0.03
Price-to-Earnings (P/E) Ratio 968.39
Price-to-Sales 6.24
Price-to-Book 4.23
PEG Ratio 0.73
Dividend 0.66
Dividend Yield 2.20%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.100
Resistance 3 (R3) 31.170 30.880 30.920
Resistance 2 (R2) 30.880 30.605 30.845 30.860
Resistance 1 (R1) 30.450 30.435 30.665 30.380 30.800
Pivot Point 30.160 30.160 30.268 30.125 30.160
Support 1 (S1) 29.730 29.885 29.945 29.660 29.240
Support 2 (S2) 29.440 29.715 29.405 29.180
Support 3 (S3) 29.010 29.440 29.120
Support 4 (S4) 28.940