BALLARD POWER SYSTEMS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BLDP
ISIN:	CA0585861085

BALLARD POWER SYSTEMS INC. - Daily - Technical analysis published on 02/12/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 10.61 USD

My targets

12.23 USD (+9.95%)

12.50 USD (+12.41%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BALLARD POWER SYSTEMS INC. as long as the price remains well above 10.61 USD. The buyers” bullish objective is set at 12.23 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.50 USD. If there is any crossing, the next objective would be the resistance located at 14.93 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BALLARD POWER SYSTEMS INC. rating is 11.12 USD. The price has increased by +0.36% since the last closing and was between 11.09 USD and 11.32 USD. This implies that the price is at +0.27% from its lowest and at -1.77% from its highest.

11.09

11.32

11.12

Here is a more detailed summary of the historical variations registered by BALLARD POWER SYSTEMS INC.:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of BALLARD POWER SYSTEMS INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Dark cloud cover

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	6.88	8.25	9.87	11.12	12.50	14.93
Change (%)	-38.13%	-25.81%	-11.24%	-	+12.41%	+34.26%
Change	-4.24	-2.87	-1.25	-	+1.38	+3.81
Level	Major	Intermediate	Major	-	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.51	10.08	10.58	11.15	11.65	12.22	12.72
Camarilla	10.79	10.88	10.98	11.08	11.18	11.28	11.37
Woodie	9.48	10.06	10.55	11.13	11.62	12.20	12.69
Fibonacci	10.08	10.49	10.74	11.15	11.56	11.81	12.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.65	9.26	10.00	10.61	11.35	11.96	12.70
Camarilla	10.38	10.50	10.63	10.75	10.87	11.00	11.12
Woodie	8.73	9.29	10.08	10.64	11.43	11.99	12.78
Fibonacci	9.26	9.77	10.09	10.61	11.12	11.44	11.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.61	4.97	7.42	9.77	12.23	14.58	17.04
Camarilla	8.55	8.99	9.43	9.87	10.31	10.75	11.19
Woodie	2.66	4.99	7.47	9.80	12.27	14.61	17.08
Fibonacci	4.97	6.80	7.94	9.77	11.61	12.75	14.58

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	61.68
MACD (12,26,9):	0.6800
Directional Movement:	22.98
AROON (14):	92.86
DEMA (21):	11.23
Parabolic SAR (0,02-0,02-0,2):	9.06
Elder Ray (13):	0.57
Super Trend (3,10):	11.59
Zig ZAG (10):	11.18
VORTEX (21):	1.0000
Stochastique (14,3,5):	86.05
TEMA (21):	11.26
Williams %R (14):	-19.38
Chande Momentum Oscillator (20):	1.98
Repulse (5,40,3):	-0.8400
ROCnROLL:	1
TRIX (15,9):	1.1400
Courbe Coppock:	15.95

MA7:	10.85
MA20:	10.49
MA50:	8.56
MA100:	7.15
MAexp7:	10.84
MAexp20:	10.29
MAexp50:	8.99
MAexp100:	7.66
Price / MA7:	+2.49%
Price / MA20:	+6.01%
Price / MA50:	+29.91%
Price / MA100:	+55.52%
Price / MAexp7:	+2.58%
Price / MAexp20:	+8.07%
Price / MAexp50:	+23.69%
Price / MAexp100:	+45.17%

News

The last news published on BALLARD POWER SYSTEMS INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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