Taking everything into account, BLBX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BLBX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BLBX is one of the better performing stocks in the market, outperforming 96% of all stocks.
- BLBX is one of the better performing stocks in the Software industry, it outperforms 97% of 277 stocks in the same industry.
- In the last month BLBX has a been trading in the 8.00 - 11.43 range, which is quite wide. It is currently trading near the high of this range.
- BLBX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLBX is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, BLBX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.11, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLBX in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.04
We found 4 important support areas.
- A support zone ranging from 9.03 to 9.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.54 to 7.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.31 from a trend line in the daily time frame.
- Support @7.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.05 to 11.21. This zone is formed by a combination of multiple trend lines 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 BLBX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLBX is up. |
| ChartMill Relative Strength | 96.62 | POSITIVE | BLBX has a high relative strength, it outperformed 96.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLBX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLBX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLBX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.25 | NEUTRAL | The RSI value for BLBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BLBX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.96 | OVERBOUGHT | The high Stochastics value suggests BLBX may be overbought. |
| Average True Range in percent/ATR (20) | 7.37 | HIGH VOLATILITY | The high ATR as a percentage value for BLBX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.74 | POSITIVE | The high ADX value value for BLBX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.22 | 9.35 | 1.87 (16.67%) | 6.00% |
| An entry @11.22. This is a Buy Stop order right above the resistance zone. | An exit @9.35. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.87 points, which is 16.67%. | For a 1.00% total portfolio risk, you can invest 6.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.85
-0.35 (-3.12%)
BLACKBOXSTOCKS INC / BLBX FAQ
What is the technical rating for BLBX stock?
ChartMill assigns a technical rating of 10 / 10 to BLBX.
What is the trend direction for BLBX stock?
The current trend direction for BLACKBOXSTOCKS INC (BLBX) is Bullish.
What is the RSI signal for BLACKBOXSTOCKS INC (BLBX) stock?
BLACKBOXSTOCKS INC (BLBX) has an RSI value of 62.2531. This indicates that the stock is currently neutral.
What is the buy/sell signal for BLACKBOXSTOCKS INC (BLBX) stock?
The buy/sell signal for BLACKBOXSTOCKS INC (BLBX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for BLACKBOXSTOCKS INC (BLBX) stock?
BLACKBOXSTOCKS INC (BLBX) has a support level at 9.11 and a resistance level at 11.05. Check the full technical report for our detailed analysis of BLBX support and resistance levels.