Technical Analysis for BLX - Boralex Inc.

Grade Last Price % Change Price Change
F 36.05 -0.11% -0.040
BLX closed down 0.11 percent on Monday, May 10, 2021, on 27 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical BLX trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New Downtrend Bearish -0.11%
Lower Bollinger Band Walk Weakness -0.11%
Inside Day Range Contraction -0.11%
Lower Bollinger Band Touch Weakness -0.11%
Oversold Stochastic Weakness -0.11%
Lower Bollinger Band Walk Weakness 0.31%
Older End-of-Day Signals for BLX ...

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

Alert Time
Lower Bollinger Band Support about 14 hours ago
Fell Below Previous Day's Low about 14 hours ago
Possible NR7 about 14 hours ago
Rose Above Lower Bollinger Band 4 days ago
Up 2% 4 days ago
View Earlier Intraday Alerts

Get a Trading Assistant

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

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 Solar Renewable Energy 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 56.7
52 Week Low 26.75
Average Volume 946,962
200-Day Moving Average 40.731
50-Day Moving Average 40.274
20-Day Moving Average 40.512
10-Day Moving Average 38.429
Average True Range 1.427
ADX 27.55
+DI 9.775
-DI 34.687
Chandelier Exit (Long, 3 ATRs ) 39.839
Chandelier Exit (Short, 3 ATRs ) 39.366
Upper Bollinger Band 45.751
Lower Bollinger Band 35.272
Percent B (%b) 0.07
BandWidth 25.866
MACD Line -1.361
MACD Signal Line -0.702
MACD Histogram -0.6589
Fundamentals Value
Market Cap 3.7 Billion
Num Shares 103 Million
EPS 0.03
Price-to-Earnings (P/E) Ratio 1162.90
Price-to-Sales 6.24
Price-to-Book 4.23
PEG Ratio 0.73
Dividend 0.66
Dividend Yield 1.83%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 36.695
Resistance 3 (R3) 36.713 36.517 36.588
Resistance 2 (R2) 36.517 36.352 36.508 36.552
Resistance 1 (R1) 36.283 36.251 36.185 36.265 36.516
Pivot Point 36.087 36.087 36.038 36.078 36.087
Support 1 (S1) 35.853 35.922 35.755 35.835 35.584
Support 2 (S2) 35.657 35.821 35.648 35.548
Support 3 (S3) 35.423 35.657 35.513
Support 4 (S4) 35.405