BACKBLAZE INC-A (BLZE) Technical Analysis
NASDAQ:BLZE • US05637B1052
Current stock price
BLZE Technical Rating and Analysis
Overall BLZE gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BLZE was also a bad performer in the overall market in the last year.
- 83% of all other stocks performed better in the past year than BLZE.
- BLZE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BLZE has a been trading in the 3.26 - 4.16 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- BLZE is part of the IT Services industry. There are 88 other stocks in this industry, BLZE did better than 62% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BLZE Weekly and Daily overview Charts
BLZE Setup Rating and Analysis
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
BLZE Support and Resistance Analysis
3.48
We found 2 important support areas.
- A support zone ranging from 4.07 to 4.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.52 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.14 to 4.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | UP | POSITIVE | The short term trend for BLZE is up. |
| ChartMill Relative Strength | 17.8 | NEGATIVE | BLZE has a low relative strength, it was outperformed by 82.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLZE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLZE is above the rising 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) | 65.97 | NEUTRAL | The RSI value for BLZE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BLZE has a positive trend. |
| Stochastics (14,3) | 95.27 | OVERBOUGHT | The high Stochastics value suggests BLZE may be overbought. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for BLZE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.53 | 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
4.13
+0.03 (+0.73%)
BACKBLAZE INC-A / BLZE TA FAQ
What is the ChartMill technical rating of BACKBLAZE INC-A (BLZE) stock?
ChartMill assigns a technical rating of 3 / 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 65.9654. 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 0.0889005, indicating a bearish trend.
What is the support and resistance level for BLZE stock?
BACKBLAZE INC-A (BLZE) has a support level at 4.12 and a resistance level at 4.14. Check the full technical report for our detailed analysis of BLZE support and resistance levels.