BEELINE HOLDINGS INC (BLNE) Stock Technical Analysis
NASDAQ:BLNE - Nasdaq - US2778025005 - Common Stock - Currency: USD
Overall BLNE gets a technical rating of 6 out of 10. In the last year, BLNE was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
100% of all other stocks performed better in the past year than BLNE.
BLNE is part of the Beverages industry. There are 32 other stocks in this industry, of which 87% are performing better than BLNE.
The long and short term trends are both positive. This is looking good!
BLNE has an average volume of 3766920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BLNE has a been trading in the 1.30 - 2.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, BLNE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.92, a Stop Loss order could be placed below this zone.
More info and screens
1.86
2.23
When analyzing the support we notice one important area.
- A support zone ranging from 1.88 to 1.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.03 to 2.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.13 from a horizontal line in the weekly time frame.
- Resistance @2.21 from a horizontal line 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 | UP | POSITIVE | The long term trend for BLNE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLNE is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BLNE has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLNE is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.39 | NEUTRAL | The RSI value for BLNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BLNE has a negative trend. |
| Stochastics (14,3) | 38.85 | NEUTRAL | The Stochastics value for BLNE is a neutral value. |
| Average True Range in percent/ATR (20) | 16.46 | HIGH VOLATILITY | The high ATR as a percentage value for BLNE suggests high volalility. |
| Average Directional Index/ADX (14) | 39.99 | POSITIVE | The high ADX value value for BLNE 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)
2.02
+0.01 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg0.5%
1 Week-4.72%
2 Weeks3.59%
1 Month45.32%
3 Month44.29%
6 Month-71.98%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%16.46%
ATR Inc-70.59%
Range Today0.08
ADR(20)0.33
ADR(20)%16.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High2.35
10 Day Low1.71
20 Day High2.88
20 Day Low1.31
52 Week HighN/A
52 Week LowN/A
CS1 End1.92
CR1 Start2.03
Volume & EV
DER(3)-5.47%
DER(5)1.38%
Volume458.70K
Volume Incr-75.14%
Vol(5)756.82K
Vol(50)3.77M