BLACKBAUD INC (BLKB) Stock Technical Analysis
NASDAQ:BLKB - Nasdaq - US09227Q1004 - Common Stock - Currency: USD
Overall BLKB gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BLKB was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than BLKB.
BLKB is part of the Software industry. There are 282 other stocks in this industry, of which 69% are performing better than BLKB.
BLKB 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 BLKB has a been trading in the 59.85 - 66.70 range, which is quite wide. It is currently trading near the high of this range.
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.
Although the technical rating is only medium, BLKB 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 65.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 64.34, a Stop Loss order could be placed below this zone.
More info and screens
58.44
87.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 62.96 to 64.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.60 to 61.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 59.03 to 59.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 65.76 to 65.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 68.05 to 68.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @86.86 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for BLKB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLKB is up. |
| ChartMill Relative Strength | 20.22 | NEGATIVE | BLKB has a low relative strength, it was outperformed by 79.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLKB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLKB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLKB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.74 | NEUTRAL | The RSI value for BLKB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests BLKB has a positive trend. |
| Stochastics (14,3) | 81.98 | OVERBOUGHT | The high Stochastics value suggests BLKB may be overbought. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for BLKB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.78 | NEUTRAL | The ADX value for BLKB 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)
65.75
+0.81 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.25%
1 Week2.33%
2 Weeks9.53%
1 Month3.82%
3 Month5.71%
6 Month-11.64%
12 Month-12.8%
2 Year-12.86%
3 Year7.22%
5 Year5.13%
10 Year7.5%
15 Year177.54%
Volatility
ATR(14)1.75
ATR(20)%2.41%
ATR Inc-44.83%
Range Today0.79
ADR(20)1.56
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.22
Mansfield-1.78
10 Day High66.71
10 Day Low59.94
20 Day High66.71
20 Day Low59.85
52 Week High88.95
52 Week Low58.05
CS1 End64.34
CR1 Start65.76
Volume & EV
DER(3)-0.63%
DER(5)-1.03%
Volume155.70K
Volume Incr-4.38%
Vol(5)290.40K
Vol(50)290.72K