We assign a technical rating of 0 out of 10 to BLZE. 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.
- 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: 90% of all stocks are doing better.
- BLZE is one of the lesser performing stocks in the IT Services industry. 63% of 88 stocks in the same industry do better.
- BLZE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
- In the last month BLZE has a been trading in the 4.47 - 5.24 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
BLZE has a poor technical rating and the quality of the setup is also not perfect 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
4.36
We found 1 important support area.
- Support @4.40 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @4.57 from a trend line in the daily time frame.
- A resistance zone ranging from 4.88 to 5.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 10.41 | NEGATIVE | BLZE has a low relative strength, it was outperformed by 89.59% 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) | 35.97 | NEUTRAL | The RSI value for BLZE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BLZE has a negative trend. |
| Stochastics (14,3) | 8.52 | OVERSOLD | The low Stochastics value suggests BLZE may be oversold. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for BLZE suggests high volalility. |
| Average Directional Index/ADX (14) | 15.65 | NEGATIVE | The low ADX value for BLZE suggests a weak or negative trend. |
4.49
-0.06 (-1.32%)
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.
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 BLZE stock?
BACKBLAZE INC-A (BLZE) has an RSI value of 35.9745. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BACKBLAZE INC-A?
The short term momentum for BACKBLAZE INC-A (BLZE) is negative.
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.