BLEND LABS INC-A (BLND) Stock Technical Analysis
NYSE:BLND - New York Stock Exchange, Inc. - US09352U1088 - Common Stock - Currency: USD
Overall BLND gets a technical rating of 4 out of 10. In the past year, BLND was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
BLND has an average volume of 2141530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, BLND outperforms 53% of them, which is more or less in line with the market.
BLND is part of the Software industry. There are 282 other stocks in this industry, BLND did better than 48% of them.
BLND is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLND is lagging the market.
In the last month BLND has a been trading in the 3.12 - 3.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BLND has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.92
3.79
4 important support areas can be observed.
- Support @3.27 from a trend line in the weekly time frame.
- Support @3.19 from a trend line in the daily time frame.
- Support @3.06 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.95 to 2.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.41 to 3.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.58 from a trend line in the daily time frame.
- A resistance zone ranging from 3.68 to 3.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.75 to 3.75. 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 | NEUTRAL | NEUTRAL | The long term trend for BLND is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLND is neutral. |
| ChartMill Relative Strength | 53.91 | NEUTRAL | BLND is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BLND is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BLND is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLND is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.45 | NEUTRAL | The RSI value for BLND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BLND has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.25 | NEUTRAL | The Stochastics value for BLND is a neutral value. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for BLND suggests some volalility. |
| Average Directional Index/ADX (14) | 13.92 | NEGATIVE | The low ADX value for BLND suggests a weak or negative 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)
3.37
-0.15 (-4.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.26%
1 Week-2.88%
2 Weeks-4.53%
1 Month4.66%
3 Month8.36%
6 Month-6.39%
12 Month8.01%
2 Year155.3%
3 Year27.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%4.21%
ATR Inc15.33%
Range Today0.21
ADR(20)0.14
ADR(20)%4.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.91
Mansfield-1.6
10 Day High3.66
10 Day Low3.34
20 Day High3.66
20 Day Low3.12
52 Week High5.53
52 Week Low2.37
CS1 End3.27
CR1 Start3.41
Volume & EV
DER(3)-3.28%
DER(5)-2.12%
Volume1.63M
Volume Incr-13.72%
Vol(5)1.65M
Vol(50)2.14M