BLACKLINE SAFETY CORP (BLN.CA) Stock Technical Analysis
TSX:BLN - Toronto Stock Exchange - CA0923821007 - Common Stock - Currency: CAD
Taking everything into account, BLN 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, BLN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BLN did better than 90% of all other stocks. We also observe that the gains produced by BLN over the past year are nicely spread over this period.
BLN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BLN is leading the market.
BLN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BLN is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 64% of 15 stocks in the same industry.
BLN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 7.71, a Stop Loss order could be placed below this zone.
More info and screens
5.17
7.89
When analyzing the support we can see 5 important areas.
- A support zone ranging from 7.59 to 7.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.70 to 6.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.35 to 6.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 6.14 to 6.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.73 to 7.81. 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 BLN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLN.CA is up. |
| ChartMill Relative Strength | 90.86 | POSITIVE | BLN.CA has a high relative strength, it outperformed 90.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.87 | NEUTRAL | The RSI value for BLN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BLN.CA has a negative trend. |
| Stochastics (14,3) | 76.44 | NEUTRAL | The Stochastics value for BLN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for BLN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.85 | POSITIVE | The high ADX value value for BLN.CA 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 |
|---|---|---|---|
| 7.82 | 7.58 | 0.24 (3.07%) | 25.00% |
| An entry @7.82. This is a Buy Stop order right above the resistance zone. | An exit @7.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.24 points, which is 3.07%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BLN. 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.
TSX:BLN (6/5/2025, 7:00:00 PM)
7.72
-0.03 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.39%
1 Week-1.03%
2 Weeks2.66%
1 Month15.57%
3 Month15.14%
6 Month22.54%
12 Month90.62%
2 Year145.08%
3 Year166.21%
5 Year42.17%
10 Year300%
15 Year672%
Volatility
ATR(14)0.21
ATR(20)%2.9%
ATR Inc-54.91%
Range Today0.09
ADR(20)0.21
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.86
Mansfield2.23
10 Day High7.89
10 Day Low7.32
20 Day High7.89
20 Day Low6.56
52 Week High7.89
52 Week Low4.01
CS1 End7.71
CR1 Start7.73
Volume & EV
DER(3)-2.3%
DER(5)0.46%
Volume52.48K
Volume Incr15.76%
Vol(5)55.30K
Vol(50)55.34K