Why did BLU.AX drop 14.29% on 05 Jan 2026?

The decline was driven by thin trading and sector weakness rather than a specific company announcement. Volume of 2,761,311 shares was below the 50-day average, amplifying price moves in this small-cap stock.

What are the key support and resistance levels for BLU.AX?

Immediate resistance is A$0.007 to A$0.010 and short-term support sits at A$0.005, with a lower anchor near the year low at A$0.004. Traders should watch volume at these levels.

What does the Meyka AI grade mean for BLU.AX?

Meyka AI rates BLU.AX 63.80/100 (Grade B, HOLD). The grade weighs benchmark and sector comparisons, financial growth, key metrics and forecasts. It is informational only and not financial advice.

What is the price outlook for BLU.AX?

Meyka AI's model projects A$0.010 monthly (implied +66.67% from A$0.006) and A$0.00437 at 12 months (implied -27.17%). These are model projections and not guarantees; watch earnings and liquidity.

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BLU.AX down 14.29% on ASX 05 Jan 2026: market closed, key levels to watch

ByDanny Kontos January 5, 2026January 5, 2026

BLU.AX stock closed down 14.29% at A$0.006 on the ASX on 05 Jan 2026, a steep one-day drop that left the issuer among the market’s top losers as trading ended. Volume was 2,761,311 shares against a 50-day average of 4,200,557, showing below-average turnover. Blue Energy Limited (BLU.AX) now trades near its 200-day average of A$0.006635, with a year high of A$0.010 and a year low of A$0.004. In this note we analyse the move, financials, technical levels and what Meyka AI’s model projects next