BLACKLINE INC (BL) Stock Technical Analysis
NASDAQ:BL - Nasdaq - US09239B1098 - Common Stock - Currency: USD
Overall BL gets a technical rating of 5 out of 10. In the last year, BL was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month BL has a been trading in the 53.37 - 59.43 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that BL is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BL is part of the Software industry. There are 284 other stocks in this industry, BL did better than 67% of them.
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.
BL has an average technical rating and it also does not offer a high quality setup 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
47.23
58.81
2 important support areas can be observed.
- A support zone ranging from 54.05 to 54.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.71 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 55.14 to 58.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for BL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BL is neutral. |
| ChartMill Relative Strength | 79.7 | POSITIVE | BL has a high relative strength, it outperformed 79.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.25 | NEUTRAL | The RSI value for BL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests BL has a negative trend. |
| Stochastics (14,3) | 31.55 | NEUTRAL | The Stochastics value for BL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for BL suggests some volalility. |
| Average Directional Index/ADX (14) | 33.31 | POSITIVE | The high ADX value value for BL suggests a strong 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)
54.06
-1.71 (-3.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.07%
1 Week-5.74%
2 Weeks-3.34%
1 Month-1.78%
3 Month8.36%
6 Month-15.35%
12 Month18.76%
2 Year0.45%
3 Year-18.83%
5 Year-34.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%2.41%
ATR Inc47.76%
Range Today1.3
ADR(20)1.25
ADR(20)%2.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.7
Mansfield-0.3
10 Day High59.43
10 Day Low53.99
20 Day High59.43
20 Day Low53.37
52 Week High66.25
52 Week Low40.82
CS1 End54.05
CR1 Start55.14
Volume & EV
DER(3)1.19%
DER(5)2.09%
Volume810.80K
Volume Incr-5.94%
Vol(5)660.42K
Vol(50)758.57K