BLACKLINE INC (BL) Stock Technical Analysis
NASDAQ:BL - Nasdaq - US09239B1098 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BL. BL has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
In the last month BL has a been trading in the 45.67 - 55.69 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that BL is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BL is an average performer in the Software industry, it outperforms 69% of 283 stocks in the same industry.
BL is currently trading in the middle 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 slightly.
Considerably lower volume is observed in the last couple of days.
BL has an excellent technical rating, but the quality of the setup is 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
46.17
64.87
3 important support areas can be observed.
- Support @49.82 from a trend line in the daily time frame.
- Support @47.71 from a horizontal line in the daily time frame.
- Support @46.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 54.61 to 55.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @64.23 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.02
Mansfield-0.04
10 Day High55.69
10 Day Low50.47
20 Day High55.69
20 Day Low45.67
52 Week High66.25
52 Week Low40.82
Performance
1 Week-1.93%
2 Weeks6.45%
1 Month18.39%
3 Month9.86%
6 Month-13.97%
12 Month8.66%
2 Year3.59%
3 Year-26.33%
5 Year-27.4%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.41
RSI(14)62.86
LBB46.27
UBB59.13
53.94
-1.49 (-2.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.69%
1 Week-1.93%
2 Weeks6.45%
1 Month18.39%
3 Month9.86%
6 Month-13.97%
12 Month8.66%
2 Year3.59%
3 Year-26.33%
5 Year-27.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.54
ATR(20)%2.6%
ATR Inc-19.71%
Range Today1.21
ADR(20)1.23
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.02
Mansfield-0.04
10 Day High55.69
10 Day Low50.47
20 Day High55.69
20 Day Low45.67
52 Week High66.25
52 Week Low40.82
CS1 End49.82
CR1 Start54.61
Volume & EV
DER(3)-0.31%
DER(5)-0.81%
Volume589.30K
Volume Incr-40.17%
Vol(5)416.98K
Vol(50)720.25K