BLACKLINE SAFETY CORP (BLN.CA) Stock Technical Analysis
TSX:BLN - Toronto Stock Exchange - CA0923821007 - Common Stock - Currency: CAD
Taking everything into account, BLN scores 1 out of 10 in our technical rating. BLN 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.
In the last month BLN has a been trading in the 6.35 - 7.45 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, BLN outperforms 69% of them, which is more or less in line with the market.
BLN is part of the Electronic Equipment, Instruments & Components industry. There are 15 other stocks in this industry, BLN did better than 50% of them.
BLN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLN is lagging the market.
The technical rating of BLN 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
5.33
7.42
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.33 to 6.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @5.38 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.51 to 6.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.27 to 7.35. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for BLN.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLN.CA is down. |
| ChartMill Relative Strength | 69.07 | NEUTRAL | BLN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLN.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BLN.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 20.95 | OVERSOLD | The low RSI value suggests BLN.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BLN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.88 | OVERSOLD | The low Stochastics value suggests BLN.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for BLN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.73 | NEUTRAL | The ADX value for BLN.CA 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)
TSX:BLN (7/21/2025, 7:00:00 PM)
6.5
+0.01 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.15%
1 Week-6.34%
2 Weeks-8.45%
1 Month-10.47%
3 Month-2.11%
6 Month-6.88%
12 Month40.09%
2 Year66.67%
3 Year191.48%
5 Year5.69%
10 Year218.63%
15 Year550%
Volatility
ATR(14)0.13
ATR(20)%2.07%
ATR Inc191.24%
Range Today0.29
ADR(20)0.13
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.07
Mansfield-0.67
10 Day High7.16
10 Day Low6.35
20 Day High7.45
20 Day Low6.35
52 Week High7.97
52 Week Low4.49
CS1 End6.48
CR1 Start6.51
Volume & EV
DER(3)12.97%
DER(5)6.64%
Volume44.02K
Volume Incr366.45%
Vol(5)154.76K
Vol(50)57.25K