BEELINE HOLDINGS INC (BLNE) Technical Analysis
NASDAQ:BLNE • US2778025005
Current stock price
BLNE Technical Rating and Analysis
Taking everything into account, BLNE scores 0 out of 10 in our technical rating. BLNE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BLNE is a bad performer in the overall market: 76% of all stocks are doing better.
- BLNE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BLNE has a been trading in the 1.73 - 2.55 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- BLNE is part of the Financial Services industry. There are 100 other stocks in this industry, BLNE did better than 40% of them.
BLNE Weekly and Daily overview Charts
BLNE Setup Rating and Analysis
The technical rating of BLNE is bad and it also does not present a quality setup 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
BLNE Support and Resistance Analysis
1.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.76 to 1.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.62 from a trend line in the daily time frame.
- Support @1.59 from a trend line in the weekly time frame.
- Support @1.48 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @2.24 from a trend line in the daily time frame.
- Resistance @2.94 from a trend line in the weekly time frame.
- Resistance @3.09 from a trend line in the daily time frame.
BLNE Technical Indicator Signal Analysis
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 BLNE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLNE is down. |
| ChartMill Relative Strength | 24.15 | NEGATIVE | BLNE has a low relative strength, it was outperformed by 75.85% 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) | DOWN | NEGATIVE | The current price of BLNE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BLNE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.55 | NEUTRAL | The RSI value for BLNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BLNE has a negative trend. |
| Stochastics (14,3) | 5.77 | OVERSOLD | The low Stochastics value suggests BLNE may be oversold. |
| Average True Range in percent/ATR (20) | 10.11 | HIGH VOLATILITY | The high ATR as a percentage value for BLNE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.36 | NEUTRAL | The ADX value for BLNE suggests a possible start of a new trend. |
BLNE Chart- and CandleStick Pattern Analysis
BLNE Technicals: Chart, Performance Metrics, Trend & Indicators
1.77
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BEELINE HOLDINGS INC / BLNE TA FAQ
What is the technical rating for BLNE stock?
ChartMill assigns a technical rating of 0 / 10 to BLNE.
What is the trend direction for BLNE stock?
The current trend direction for BEELINE HOLDINGS INC (BLNE) is Bearish.
What is the RSI signal for BLNE stock?
BEELINE HOLDINGS INC (BLNE) has an RSI value of 31.5517. This indicates that the stock is currently neutral.
What is the MACD signal for BLNE stock?
The MACD indicator for BEELINE HOLDINGS INC (BLNE) has a value of -0.0364148, indicating a bearish trend.
What is the buy/sell signal for BEELINE HOLDINGS INC (BLNE) stock?
The buy/sell signal for BEELINE HOLDINGS INC (BLNE) is sell as both the short term and long term trends are negative.