BL Technical Analysis - BLACKLINE INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to BL. BL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

71% of all other stocks performed better in the past year than BL.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

BL is part of the Software industry. There are 281 other stocks in this industry, BL did better than 42% of them.

BL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BL is lagging the market.

In the last month BL has a been trading in the 51.35 - 56.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

BL has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

47.56

63.67

When analyzing the support we can see 2 important areas.

A support zone ranging from 49.77 to 49.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 48.04 to 48.34. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 53.51 to 54.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 57.82 to 58.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @63.04 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for BL is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for BL is neutral.
ChartMill Relative Strength	29.17	NEGATIVE	BL has a low relative strength, it was outperformed by 70.83% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of BL is below 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)	45.8	NEUTRAL	The RSI value for BL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests BL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	63.12	NEUTRAL	The Stochastics value for BL is a neutral value.
Average True Range in percent/ATR (20)	2.62	MEDIUM VOLATILITY	The ATR as a percentage value for BL suggests some volalility.
Average Directional Index/ADX (14)	14.29	NEGATIVE	The low ADX value for BL suggests a weak or negative trend.