BEELINE HOLDINGS INC (BLNE) Technical Analysis
NASDAQ:BLNE • US2778025005
We assign a technical rating of 3 out of 10 to BLNE. BLNE performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 82% of all other stocks performed better in the past year than BLNE.
- BLNE is part of the Financial Services industry. There are 97 other stocks in this industry, of which 67% are performing better than BLNE.
- BLNE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BLNE is lagging the market.
- In the last month BLNE has a been trading in the 2.53 - 3.35 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, 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 2.72, a Stop Loss order could be placed below this zone.
More info and screens
2.01
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.69 to 2.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.35 from a trend line in the weekly time frame.
- A support zone ranging from 2.09 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.03 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.81 to 2.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.05 from a horizontal line in the daily time frame.
- Resistance @3.27 from a trend line in the weekly time frame.
- Resistance @3.41 from a trend 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 | DOWN | NEGATIVE | The short term trend for BLNE is down. |
| ChartMill Relative Strength | 18.41 | NEGATIVE | BLNE has a low relative strength, it was outperformed by 81.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLNE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.04 | NEUTRAL | The RSI value for BLNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BLNE has a negative trend. |
| Stochastics (14,3) | 31.02 | NEUTRAL | The Stochastics value for BLNE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.53 | HIGH VOLATILITY | The high ATR as a percentage value for BLNE suggests high volalility. |
| Average Directional Index/ADX (14) | 14.58 | NEGATIVE | The low ADX value for BLNE suggests a weak or negative trend. |
BLNE Technicals: Chart, Performance Metrics, Trend & Indicators
2.73
-0.04 (-1.44%)
BEELINE HOLDINGS INC / BLNE FAQ
What is the technical rating for BLNE stock?
ChartMill assigns a technical rating of 3 / 10 to BLNE.
What is the trend direction for BLNE stock?
The current trend direction for BEELINE HOLDINGS INC (BLNE) is Bullish.
Can you provide the RSI signal for BEELINE HOLDINGS INC?
BEELINE HOLDINGS INC (BLNE) has an RSI value of 46.0381. This indicates that the stock is currently neutral.
What is the MACD signal for BEELINE HOLDINGS INC (BLNE) stock?
The MACD indicator for BEELINE HOLDINGS INC (BLNE) has a value of -0.0344438, indicating a bearish trend.
What is the short term momentum for BLNE stock?
The short term momentum for BEELINE HOLDINGS INC (BLNE) is negative.