BLACKBOXSTOCKS INC (BLBX) Stock Technical Analysis
NASDAQ:BLBX - Nasdaq - US09229E3036 - Common Stock - Currency: USD
Taking everything into account, BLBX scores 9 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.
In the last month BLBX has a been trading in the 7.00 - 9.50 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, BLBX did better than 98% of all other stocks.
BLBX is one of the better performing stocks in the Software industry, it outperforms 96% of 282 stocks in the same industry.
BLBX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BLBX is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
BLBX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 7.07, a Stop Loss order could be placed below this zone.
More info and screens
2.68
7.72
4 important support areas can be observed.
- A support zone ranging from 7.07 to 7.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.25 from a trend line in the weekly time frame.
- Support @3.99 from a trend line in the daily time frame.
- Support @2.71 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @7.64 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for BLBX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLBX is neutral. |
| ChartMill Relative Strength | 98.18 | POSITIVE | BLBX has a high relative strength, it outperformed 98.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BLBX is below 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) | 54.98 | NEUTRAL | The RSI value for BLBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests BLBX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.2 | OVERSOLD | The low Stochastics value suggests BLBX may be oversold. |
| Average True Range in percent/ATR (20) | 9.41 | HIGH VOLATILITY | The high ATR as a percentage value for BLBX suggests high volalility. |
| Average Directional Index/ADX (14) | 30.1 | POSITIVE | The high ADX value value for BLBX 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)
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 |
|---|---|---|---|
| 7.65 | 7.06 | 0.59 (7.71%) | 12.97% |
| An entry @7.65. This is a Buy Stop order right above the resistance zone. | An exit @7.06. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.59 points, which is 7.71%. | For a 1.00% total portfolio risk, you can invest 12.97% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BLBX. Please evaluate whether better entry and exit points can be found.
- 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.
7.63
+0.5 (+7.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg7.01%
1 Week1.06%
2 Weeks-0.13%
1 Month3.11%
3 Month134.77%
6 Month133.33%
12 Month185.77%
2 Year182.07%
3 Year60.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%9.41%
ATR Inc-29.56%
Range Today0.71
ADR(20)0.72
ADR(20)%9.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.18
Mansfield9.95
10 Day High8.05
10 Day Low7
20 Day High9.5
20 Day Low7
52 Week High9.5
52 Week Low1.51
CS1 End7.07
CR1 Start7.64
Volume & EV
DER(3)-2.18%
DER(5)2.25%
Volume27.60K
Volume Incr-60.62%
Vol(5)45.34K
Vol(50)101.45K