BLACKLINE INC (BL) Stock Technical Analysis
NASDAQ:BL - Nasdaq - US09239B1098 - Common Stock - Currency: USD
Taking everything into account, BL scores 0 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, BL is a bad performer in the overall market: 81% of all stocks are doing better.
BL is one of the lesser performing stocks in the Software industry. 60% of 282 stocks in the same industry do better.
In the last month BL has a been trading in the 48.28 - 57.99 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
The technical rating of BL is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
47.87
63.97
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 53.21 to 54.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 55.64 to 56.19. 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 58.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @63.34 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 | DOWN | NEGATIVE | The short term trend for BL is down. |
| ChartMill Relative Strength | 19.7 | NEGATIVE | BL has a low relative strength, it was outperformed by 80.3% 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) | 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) | 25.79 | OVERSOLD | The low RSI value suggests BL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.72 | NEGATIVE | The MACD value suggests BL has a negative trend. |
| Stochastics (14,3) | 6.91 | OVERSOLD | The low Stochastics value suggests BL may be oversold. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for BL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.21 | NEUTRAL | The ADX value for BL suggests a possible start of a new 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)
48.35
-2.15 (-4.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.26%
1 Week-8.65%
2 Weeks-13.66%
1 Month-9.88%
3 Month-9.17%
6 Month-25.19%
12 Month-6.41%
2 Year-19.5%
3 Year-28.83%
5 Year-44.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.66
ATR(20)%3.11%
ATR Inc104.29%
Range Today2.27
ADR(20)1.46
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.7
Mansfield-1.87
10 Day High57.55
10 Day Low48.28
20 Day High57.99
20 Day Low48.28
52 Week High66.25
52 Week Low40.82
CS1 EndN/A
CR1 Start53.21
Volume & EV
DER(3)-0.96%
DER(5)0.82%
Volume995.66K
Volume Incr139.18%
Vol(5)1.27M
Vol(50)736.92K