BACKBLAZE INC-A (BLZE) Technical Analysis
NASDAQ:BLZE • US05637B1052
Current stock price
BLZE Technical Rating and Analysis
Overall BLZE gets a technical rating of 0 out of 10. BLZE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BLZE is a bad performer in the overall market: 89% of all stocks are doing better.
- BLZE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- BLZE is an average performer in the IT Services industry, it outperforms 52% of 88 stocks in the same industry.
- In the last month BLZE has a been trading in the 3.26 - 3.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BLZE Weekly and Daily overview Charts
BLZE Setup Rating and Analysis
BLZE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
BLZE Support and Resistance Analysis
3.40
4 important resistance areas can be observed.
- Resistance @3.44 from a trend line in the daily time frame.
- A resistance zone ranging from 3.52 to 3.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.71 from a horizontal line in the daily time frame.
- Resistance @5.03 from a horizontal line in the daily time frame.
BLZE 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 | DOWN | NEGATIVE | The long term trend for BLZE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLZE is down. |
| ChartMill Relative Strength | 11.8 | NEGATIVE | BLZE has a low relative strength, it was outperformed by 88.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLZE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLZE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLZE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.53 | NEUTRAL | The RSI value for BLZE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BLZE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.58 | NEUTRAL | The Stochastics value for BLZE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for BLZE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.07 | NEUTRAL | The ADX value for BLZE suggests a possible start of a new trend. |
BLZE Chart- and CandleStick Pattern Analysis
BLZE Technicals: Chart, Performance Metrics, Trend & Indicators
3.43
-0.05 (-1.44%)
BACKBLAZE INC-A / BLZE TA FAQ
What is the ChartMill technical rating of BACKBLAZE INC-A (BLZE) stock?
ChartMill assigns a technical rating of 0 / 10 to BLZE.
Can you provide the trend direction for BACKBLAZE INC-A?
The current trend direction for BACKBLAZE INC-A (BLZE) is Bearish.
What is the RSI signal for BACKBLAZE INC-A (BLZE) stock?
BACKBLAZE INC-A (BLZE) has an RSI value of 38.532. This indicates that the stock is currently neutral.
What is the MACD signal for BLZE stock?
The MACD indicator for BACKBLAZE INC-A (BLZE) has a value of 0.0186001, indicating a bearish trend.
What is the support and resistance level for BLZE stock?
BACKBLAZE INC-A (BLZE) has a resistance level at 3.44. Check the full technical report for our detailed analysis of BLZE support and resistance levels.