Taking everything into account, BLZE scores 0 out of 10 in our technical rating. BLZE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of BLZE 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
4.21
2 important support areas can be observed.
- Support @4.40 from a horizontal line in the daily time frame.
- A support zone ranging from 4.25 to 4.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.01 to 5.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.75 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 | 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 | 7.9 | NEGATIVE | BLZE has a low relative strength, it was outperformed by 92.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BLZE is above 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) | 34.48 | NEUTRAL | The RSI value for BLZE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests BLZE has a positive trend. |
| Stochastics (14,3) | 88.16 | OVERBOUGHT | The high Stochastics value suggests BLZE may be overbought. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for BLZE suggests high volalility. |
| Average Directional Index/ADX (14) | 45.63 | POSITIVE | The high ADX value value for BLZE suggests a strong trend. |
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+0.01 (+0.2%)
BACKBLAZE INC-A / BLZE FAQ
What is the ChartMill technical rating of BACKBLAZE INC-A (BLZE) stock?
ChartMill assigns a technical rating of 0 / 10 to BLZE.
What is the trend direction for BLZE stock?
The current trend direction for BACKBLAZE INC-A (BLZE) is Bearish.
What is the RSI signal for BLZE stock?
BACKBLAZE INC-A (BLZE) has an RSI value of 34.4794. 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 0.208084, indicating a bearish trend.
What is the buy/sell signal for BACKBLAZE INC-A (BLZE) stock?
The buy/sell signal for BACKBLAZE INC-A (BLZE) is sell as both the short term and long term trends are negative.