BLACKLINE INC (BL) Stock Technical Analysis
NASDAQ:BL - US09239B1098 - Common Stock
54.37 USD
+0.13 (+0.24%)
54.37 USD
0 (0%)
We assign a technical rating of 5 out of 10 to BL. In the last year, BL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BL has a been trading in the 47.94 - 55.05 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, BL outperforms 46% of them, which is more or less in line with the market.
BL is an average performer in the Software industry, it outperforms 55% of 281 stocks in the same industry.
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.
BL has an average technical rating and the quality of the presented setup is also not ideal 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
47.56
63.82
When analyzing the support we notice one important area.
- A support zone ranging from 48.04 to 49.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 54.40 to 55.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 57.70 to 58.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @63.19 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for BL is up. |
| ChartMill Relative Strength | 46.84 | NEUTRAL | BL is not amongst the best or worst performers 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) | 55.74 | NEUTRAL | The RSI value for BL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests BL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.75 | OVERBOUGHT | The high Stochastics value suggests BL may be overbought. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for BL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.64 | NEGATIVE | The low ADX value for BL suggests a weak or negative trend. |
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)
54.37
+0.13 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.24%
1 Week0.72%
2 Weeks6.96%
1 Month2.72%
3 Month-2.79%
6 Month12.57%
12 Month9.73%
2 Year-9.47%
3 Year-19.97%
5 Year-37.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%2.75%
ATR Inc-41.71%
Range Today0.75
ADR(20)1.44
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.84
Mansfield-0.92
10 Day High55.05
10 Day Low50.81
20 Day High55.05
20 Day Low47.94
52 Week High66.25
52 Week Low40.82
CS1 End49.06
CR1 Start54.4
Volume & EV
DER(3)-2.93%
DER(5)-2.72%
Volume533.50K
Volume Incr-24.61%
Vol(5)719.46K
Vol(50)772.10K