BLACKLINE INC (BL) Technical Analysis
NASDAQ:BL • US09239B1098
Current stock price
37.46 USD
-2.56 (-6.4%)
At close:
38 USD
+0.54 (+1.44%)
After Hours:
BL Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to BL. BL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, BL is a bad performer in the overall market: 89% of all stocks are doing better.
- BL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BL is lagging the market.
- In the last month BL has a been trading in the 31.75 - 40.22 range, which is quite wide. It is currently trading near the high of this range.
- BL has an average volume of 1380490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BL is an average performer in the Software industry, it outperforms 46% of 278 stocks in the same industry.
BL Weekly and Daily overview Charts
BL Setup Rating and Analysis
BL has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
BL Support and Resistance Analysis
37.09
58.39
When analyzing the resistance we notice 5 important areas.
- Resistance @39.12 from a horizontal line in the weekly time frame.
- Resistance @40.03 from a horizontal line in the daily time frame.
- Resistance @54.06 from a horizontal line in the daily time frame.
- Resistance @56.64 from a trend line in the weekly time frame.
- A resistance zone ranging from 57.81 to 57.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
BL Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BL is neutral. |
| ChartMill Relative Strength | 11.84 | NEGATIVE | BL has a low relative strength, it was outperformed by 88.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.49 | NEUTRAL | The RSI value for BL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests BL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.11 | NEUTRAL | The Stochastics value for BL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for BL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.59 | NEUTRAL | The ADX value for BL suggests a possible start of a new trend. |
BL Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BL Technicals: Chart, Performance Metrics, Trend & Indicators
37.46
-2.56 (-6.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.4%
1 Week-1.91%
2 Weeks3.6%
1 Month15.19%
3 Month-35.15%
6 Month-29.11%
12 Month-23.25%
2 Year-41.99%
3 Year-44.21%
5 Year-65.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.71
ATR(20)%4.57%
ATR Inc22.41%
Range Today2.24
ADR(20)1.64
ADR(20)%4.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.84
3 months CRS9.02
6 months CRS17.87
Mansfield-2.82
10 Day High40.22
10 Day Low35.37
20 Day High40.22
20 Day Low31.75
52 Week High59.57
52 Week Low31.75
CS1 EndN/A
CR1 Start39.12
Volume & EV
DER(3)-1.01%
DER(5)-0.29%
Volume1.79M
Volume Incr7.06%
Vol(5)1.44M
Vol(50)1.38M
BLACKLINE INC / BL TA FAQ
What is the technical rating for BL stock?
ChartMill assigns a technical rating of 1 / 10 to BL.
Can you provide the trend direction for BLACKLINE INC?
The current trend direction for BLACKLINE INC (BL) is Bearish.
Can you provide the RSI signal for BLACKLINE INC?
BLACKLINE INC (BL) has an RSI value of 45.4871. This indicates that the stock is currently neutral.
What is the MACD signal for BLACKLINE INC (BL) stock?
The MACD indicator for BLACKLINE INC (BL) has a value of 0.739818, indicating a bearish trend.