BLINK CHARGING CO (BLNK) Stock Technical Analysis
NASDAQ:BLNK - Nasdaq - US09354A1007 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to BLNK. BLNK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
92% of all other stocks performed better in the past year than BLNK.
BLNK is part of the Electrical Equipment industry. There are 93 other stocks in this industry, of which 70% are performing better than BLNK.
BLNK 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 BLNK has a been trading in the 0.84 - 1.27 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.
BLNK has an average volume of 3347790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Considerably lower volume is observed in the last couple of days.
The technical rating of BLNK 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
0.72
1.16
2 important support areas can be observed.
- Support @0.77 from a trend line in the daily time frame.
- Support @0.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.15 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 | NEUTRAL | NEUTRAL | The long term trend for BLNK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLNK is down. |
| ChartMill Relative Strength | 8.3 | NEGATIVE | BLNK has a low relative strength, it was outperformed by 91.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLNK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BLNK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLNK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.53 | NEUTRAL | The RSI value for BLNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BLNK has a negative trend. |
| Stochastics (14,3) | 3.48 | OVERSOLD | The low Stochastics value suggests BLNK may be oversold. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for BLNK suggests high volalility. |
| Average Directional Index/ADX (14) | 19.75 | NEGATIVE | The low ADX value for BLNK 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)
0.865
-0.04 (-4.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-4.31%
1 Week-9.03%
2 Weeks-22.77%
1 Month-10.54%
3 Month3.21%
6 Month-19.91%
12 Month-56.75%
2 Year-78.05%
3 Year-95.95%
5 Year-87.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%8.93%
ATR Inc-32.95%
Range Today0.06
ADR(20)0.07
ADR(20)%8.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.3
Mansfield-3.89
10 Day High1.14
10 Day Low0.84
20 Day High1.27
20 Day Low0.84
52 Week High2.32
52 Week Low0.63
CS1 End0.77
CR1 Start1.15
Volume & EV
DER(3)-4.22%
DER(5)-4.36%
Volume2.80M
Volume Incr-45.14%
Vol(5)1.67M
Vol(50)3.35M