BLNK Technical Analysis - BLINK CHARGING CO

Technical Rating and Analysis

Overall BLNK gets a technical rating of 8 out of 10. BLNK has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month BLNK has a been trading in the 0.91 - 1.61 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

BLNK has an average volume of 3116500 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 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

BLNK is part of the Electrical Equipment industry. There are 92 other stocks in this industry, BLNK did better than 51% of them.

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.

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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

0.89

2.73

2 important support areas can be observed.

A support zone ranging from 0.96 to 0.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.90 from a trend line in the daily time frame.

We found 1 important resistance area.

Resistance @2.70 from a trend line in the weekly time frame.

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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	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	81.87	POSITIVE	BLNK has a high relative strength, it outperformed 81.87% 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)	77.36	OVERBOUGHT	The high RSI value suggests BLNK may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests BLNK has a positive trend.
Stochastics (14,3)	87.25	OVERBOUGHT	The high Stochastics value suggests BLNK may be overbought.
Average True Range in percent/ATR (20)	6.93	HIGH VOLATILITY	The high ATR as a percentage value for BLNK suggests high volalility.
Average Directional Index/ADX (14)	35.2	POSITIVE	The high ADX value value for BLNK suggests a strong trend.