BLEND LABS INC-A (BLND) Stock Technical Analysis
NYSE:BLND - New York Stock Exchange, Inc. - US09352U1088 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to BLND. BLND 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month BLND has a been trading in the 3.09 - 3.82 range, which is quite wide. It is currently trading near the lows of this range.
BLND has an average volume of 2238470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BLND is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
BLND is an average performer in the Software industry, it outperforms 60% of 284 stocks in the same industry.
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.
BLND has a poor technical rating and the quality of the setup is also not perfect 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
2.92
3.75
3 important support areas can be observed.
- Support @3.15 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 3 important areas.
- A resistance zone ranging from 3.37 to 3.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.55 to 3.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.69 to 3.71. 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 | DOWN | NEGATIVE | The long term trend for BLND is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLND is down. |
| ChartMill Relative Strength | 76.04 | POSITIVE | BLND has a high relative strength, it outperformed 76.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLND is below a declining 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) | 41.13 | NEUTRAL | The RSI value for BLND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BLND has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.66 | NEUTRAL | The Stochastics value for BLND is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for BLND suggests some volalility. |
| Average Directional Index/ADX (14) | 22.15 | NEUTRAL | The ADX value for BLND 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)
3.28
+0.04 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.23%
1 Week0.62%
2 Weeks-9.75%
1 Month-8.47%
3 Month-8.99%
6 Month-24.48%
12 Month37.29%
2 Year242.06%
3 Year37.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%4.39%
ATR Inc-8.04%
Range Today0.15
ADR(20)0.14
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.04
Mansfield-1.67
10 Day High3.59
10 Day Low3.09
20 Day High3.82
20 Day Low3.09
52 Week High5.53
52 Week Low2.27
CS1 End3.15
CR1 Start3.37
Volume & EV
DER(3)3.39%
DER(5)3.15%
Volume3.95M
Volume Incr2.99%
Vol(5)2.17M
Vol(50)2.24M