BLNK Technical Analysis - BLINK CHARGING CO

Technical Rating and Analysis

Taking everything into account, BLNK scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BLNK has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

BLNK is one of the better performing stocks in the Electrical Equipment industry, it outperforms 71% of 93 stocks in the same industry.

BLNK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BLNK is lagging the market slightly.

BLNK has an average volume of 4574120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, BLNK did better than 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

In the last month BLNK has a been trading in the 1.28 - 2.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BLINK CHARGING CO / BLNK Weekly stock chart

BLINK CHARGING CO / BLNK Daily stock chart

Setup Rating and Analysis

Although BLNK has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.00

2.06

We found 1 important support area.

A support zone ranging from 1.01 to 1.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 2.03 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for BLNK is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BLNK is up.
ChartMill Relative Strength	92.71	POSITIVE	BLNK has a high relative strength, it outperformed 92.71% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BLNK is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BLNK is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BLNK is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.68	NEUTRAL	The RSI value for BLNK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests BLNK has a positive trend, although the MACD value is declining.
Stochastics (14,3)	60.94	NEUTRAL	The Stochastics value for BLNK is a neutral value.
Average True Range in percent/ATR (20)	10.33	HIGH VOLATILITY	The high ATR as a percentage value for BLNK suggests high volalility.
Average Directional Index/ADX (14)	54.83	POSITIVE	The high ADX value value for BLNK suggests a strong trend.