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 8 out of 10. BLND has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
BLND is one of the better performing stocks in the Software industry, it outperforms 78% of 283 stocks in the same industry.
In the last month BLND has a been trading in the 3.27 - 3.78 range, which is quite wide. It is currently trading near the high of this range.
BLND has an average volume of 2811120 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 90% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BLND is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BLND is lagging the market slightly.
BLND has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLND in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
2.93
3.77
6 important support areas can be observed.
- A support zone ranging from 3.67 to 3.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 3.54 to 3.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.46 to 3.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.26 from a trend line in the weekly time frame.
- Support @3.12 from a trend line in the daily time frame.
- Support @2.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.73 to 3.73. 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 | UP | POSITIVE | The short term trend for BLND is up. |
| ChartMill Relative Strength | 90.52 | POSITIVE | BLND has a high relative strength, it outperformed 90.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLND is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLND is above 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) | 64.42 | 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. |
| Stochastics (14,3) | 83.98 | OVERBOUGHT | The high Stochastics value suggests BLND may be overbought. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for BLND suggests some volalility. |
| Average Directional Index/ADX (14) | 13.77 | 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)
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 |
|---|---|---|---|
| 3.74 | 3.66 | 0.08 (2.14%) | 25.00% |
| An entry @3.74. This is a Buy Stop order right above the resistance zone. | An exit @3.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.08 points, which is 2.14%. | For a 0.53% 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 BLND. 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.
3.72
+0.02 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.54%
1 Week3.33%
2 Weeks7.2%
1 Month13.07%
3 Month20%
6 Month-30.47%
12 Month39.85%
2 Year292.74%
3 Year57.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%4.07%
ATR Inc-28.55%
Range Today0.1
ADR(20)0.15
ADR(20)%3.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.52
Mansfield-0.05
10 Day High3.78
10 Day Low3.39
20 Day High3.78
20 Day Low3.27
52 Week High5.53
52 Week Low2.08
CS1 End3.69
CR1 Start3.73
Volume & EV
DER(3)7.04%
DER(5)3.63%
Volume1.34M
Volume Incr-26.74%
Vol(5)1.92M
Vol(50)2.81M