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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of BLDP
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Ballard Power Systems stock downgraded from Sell Candidate to Strong Sell Candidate after Monday trading session.
(Updated on Apr 22, 2024)

Sell candidate since Apr 10, 2024 Loss -18.10% PDF

The Ballard Power Systems stock price fell by -1.90% on the last day (Monday, 22nd Apr 2024) from $2.63 to $2.58. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.53% from a day low at $2.53 to a day high of $2.67. The price has fallen in 8 of the last 10 days and is down by -17.83% for this period. Volume has increased on the last day by 960 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $8.66 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.51 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.71% during the next 3 months and, with a 90% probability hold a price between $2.17 and $2.72 at the end of this 3-month period.

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BLDP Signals & Forecast

There are few to no technical positive signals at the moment. The Ballard Power Systems stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.72 and $2.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -21.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Ballard Power Systems stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.140 between high and low, or 5.53%. For the last week, the stock has had daily average volatility of 3.92%.

Ballard Power Systems is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BLDP) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Ballard Power Systems to open at $2.59, and during the day (based on 14 day Average True Range), to move between $2.43 and $2.73, which gives a possible trading interval of +/-$0.153 (+/-5.92%) up or down from last closing price. If Ballard Power Systems takes out the full calculated possible swing range there will be an estimated 11.85% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $2.78, some $0.200 (7.75%) from the current price of $2.58, our system finds the risk reward not very attractive.

Is Ballard Power Systems stock A Buy?

Ballard Power Systems holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.354 Strong Sell Candidate Downgraded

Predicted Opening Price for Ballard Power Systems of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$2.59 ( 0.517%) $2.58

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BLDP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.73 5.94 %
R2 2.68 3.87 %
R1 2.65 2.59 %
Current price: 2.58
Support S1 2.54 -1.56 %
S2 2.51 -2.84 %
S3 2.45 -4.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.15 22.09 %
R2 2.79 8.14 %
R1 2.78 7.75 %
Current price 2.58
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Ballard Power Systems Stock and on which exchange is it traded?
The symbol for Ballard Power Systems is BLDP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ballard Power Systems Stock?
Ballard Power Systems holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy Ballard Power Systems Stock?
Ballard Power Systems Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ballard Power Systems Stock.

What's the current price of Ballard Power Systems Stock?
As of the end of day on the Apr 22, 2024, the price of an Ballard Power Systems (BLDP) share was $2.58.

What is the 52-week high and low for Ballard Power Systems Stock?
The 52-week high for Ballard Power Systems Stock is $5.68 and the 52-week low is $2.53.

What is the market capitalization of Ballard Power Systems Stock?
As of the Apr 22, 2024, the market capitalization of Ballard Power Systems is 771.515M.

When is the next earnings date for Ballard Power Systems?
The upcoming earnings date for Ballard Power Systems is May 07, 2024.
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About Ballard Power Systems

Ballard Power Systems Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power. It also provides technology solutions, including engineering and technology transfer, as well as licenses and sells intel... BLDP Profile

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