BRIDGELINE DIGITAL INC (BLIN) Stock Technical Analysis
USA - NASDAQ:BLIN - US10807Q7007 - Common Stock
Overall BLIN gets a technical rating of 1 out of 10. BLIN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, BLIN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLIN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.26
We found 1 important support area.
- A support zone ranging from 1.27 to 1.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.34 to 1.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.48 to 1.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.54 from a horizontal line in the daily time frame.
- Resistance @1.60 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 | DOWN | NEGATIVE | The long term trend for BLIN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLIN is neutral. |
| ChartMill Relative Strength | 53.12 | NEUTRAL | BLIN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLIN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLIN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLIN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.27 | NEUTRAL | The RSI value for BLIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BLIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.68 | NEUTRAL | The Stochastics value for BLIN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.25 | HIGH VOLATILITY | The high ATR as a percentage value for BLIN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.34 | NEUTRAL | The ADX value for BLIN suggests a possible start of a new trend. |
1.32
-0.01 (-0.75%)
BRIDGELINE DIGITAL INC / BLIN FAQ
What is the technical rating for BLIN stock?
ChartMill assigns a technical rating of 1 / 10 to BLIN.
What is the trend direction for BLIN stock?
The current trend direction for BRIDGELINE DIGITAL INC (BLIN) is Bearish.
What is the RSI signal for BLIN stock?
BRIDGELINE DIGITAL INC (BLIN) has an RSI value of 47.2694. This indicates that the stock is currently neutral.
What are the support and resistance levels for BRIDGELINE DIGITAL INC (BLIN) stock?
BRIDGELINE DIGITAL INC (BLIN) has a support level at 1.3 and a resistance level at 1.34. Check the full technical report for our detailed analysis of BLIN support and resistance levels.