USA - NASDAQ:BLZE - US05637B1052 - Common Stock
Overall BLZE gets a technical rating of 0 out of 10. 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.
4.88
When analyzing the resistance we notice one important area.
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 BLZE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLZE is down. |
| ChartMill Relative Strength | 10.53 | NEGATIVE | BLZE has a low relative strength, it was outperformed by 89.47% 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) | 18.9 | OVERSOLD | The low RSI value suggests BLZE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests BLZE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.29 | OVERSOLD | The low Stochastics value suggests BLZE may be oversold. |
| Average True Range in percent/ATR (20) | 12.31 | HIGH VOLATILITY | The high ATR as a percentage value for BLZE suggests high volalility. |
| Average Directional Index/ADX (14) | 38 | POSITIVE | The high ADX value value for BLZE suggests a strong trend. |
4.93
-0.17 (-3.33%)
ChartMill assigns a technical rating of 0 / 10 to BLZE.
The current trend direction for BACKBLAZE INC-A (BLZE) is Bearish.
BACKBLAZE INC-A (BLZE) has an RSI value of 18.9023. This indicates that the stock is currently oversold.
The MACD indicator for BACKBLAZE INC-A (BLZE) has a value of -0.525887, indicating a bearish trend.