BLINK CHARGING CO (BLNK) Stock Technical Analysis
NASDAQ:BLNK - US09354A1007 - Common Stock
1.18 USD
-0.04 (-3.28%)
1.1699 USD
-0.01 (-0.86%)
Overall BLNK gets a technical rating of 7 out of 10. BLNK has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BLNK has a been trading in the 0.84 - 1.23 range, which is quite wide. It is currently trading near the high of this range.
BLNK has an average volume of 3486350 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 76% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
BLNK is an average performer in the Electrical Equipment industry, it outperforms 53% of 93 stocks in the same industry.
BLNK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLNK is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BLNK has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.87
1.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.97 to 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.88 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.23 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 | NEUTRAL | NEUTRAL | The long term trend for BLNK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLNK is up. |
| ChartMill Relative Strength | 76.22 | POSITIVE | BLNK has a high relative strength, it outperformed 76.22% 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) | DOWN | MIXED | The current price of BLNK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.8 | 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. |
| Stochastics (14,3) | 87.62 | OVERBOUGHT | The high Stochastics value suggests BLNK may be overbought. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for BLNK suggests high volalility. |
| Average Directional Index/ADX (14) | 18.59 | 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)
1.18
-0.04 (-3.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-3.28%
1 Week21.65%
2 Weeks25.52%
1 Month24.09%
3 Month67.85%
6 Month15.69%
12 Month-36.56%
2 Year-70.05%
3 Year-94.48%
5 Year-83.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.71%
ATR Inc155.06%
Range Today0.11
ADR(20)0.06
ADR(20)%5.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.22
Mansfield-1.31
10 Day High1.23
10 Day Low0.88
20 Day High1.23
20 Day Low0.84
52 Week High2.32
52 Week Low0.63
CS1 End0.98
CR1 Start1.23
Volume & EV
DER(3)5.63%
DER(5)4.26%
Volume5.66M
Volume Incr88.8%
Vol(5)4.52M
Vol(50)3.49M