BRIDGELINE DIGITAL INC (BLIN) Stock Technical Analysis
NASDAQ:BLIN • US10807Q7007
Taking everything into account, BLIN scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BLIN was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, BLIN is a bad performer in the overall market: 87% of all stocks are doing better.
- BLIN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BLIN has a been trading in the 0.70 - 1.06 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- BLIN is part of the Software industry. There are 276 other stocks in this industry, BLIN did better than 57% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of BLIN is bad and it also does not present a 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
0.89
We found 1 important support area.
- A support zone ranging from 0.90 to 0.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- 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 | UP | POSITIVE | The short term trend for BLIN is up. |
| ChartMill Relative Strength | 13.99 | NEGATIVE | BLIN has a low relative strength, it was outperformed by 86.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLIN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BLIN is above 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) | 64.94 | NEUTRAL | The RSI value for BLIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BLIN has a positive trend. |
| Stochastics (14,3) | 76.41 | NEUTRAL | The Stochastics value for BLIN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.81 | HIGH VOLATILITY | The high ATR as a percentage value for BLIN suggests high volalility. |
| Average Directional Index/ADX (14) | 25.65 | POSITIVE | The high ADX value value for BLIN suggests a strong trend. |
0.922
+0.02 (+2.06%)
BRIDGELINE DIGITAL INC / BLIN FAQ
What is the technical rating for BLIN stock?
ChartMill assigns a technical rating of 2 / 10 to BLIN.
What is the current trend direction of BRIDGELINE DIGITAL INC (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 64.9393. This indicates that the stock is currently neutral.
What is the short term momentum for BLIN stock?
The short term momentum for BRIDGELINE DIGITAL INC (BLIN) is positive.
Can you provide the support and resistance levels for BRIDGELINE DIGITAL INC?
BRIDGELINE DIGITAL INC (BLIN) has a support level at 0.91 and a resistance level at 1.54. Check the full technical report for our detailed analysis of BLIN support and resistance levels.