Taking everything into account, BLOC scores 3 out of 10 in our technical rating. Although BLOC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: BLOC has an average volume of 416 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month BLOC has a been trading in the 5.00 - 6.65 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that BLOC is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
BLOC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BLOC is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.