BACKBLAZE INC-A (BLZE) Stock Technical Analysis
NASDAQ:BLZE • US05637B1052
Taking everything into account, BLZE scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BLZE is a bad performer in the overall market: 87% 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.
- In the last month BLZE has a been trading in the 3.83 - 5.04 range, which is quite wide. It is currently trading near the lows of this range.
- BLZE is an average performer in the IT Services industry, it outperforms 41% of 87 stocks in the same industry.
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
3.93
We found 1 important support area.
- Support @3.97 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.70 to 4.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.03 to 5.06. 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 | 13.2 | NEGATIVE | BLZE has a low relative strength, it was outperformed by 86.8% 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) | 42.86 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 21.44 | NEUTRAL | The Stochastics value for BLZE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for BLZE suggests high volalility. |
| Average Directional Index/ADX (14) | 25.31 | POSITIVE | The high ADX value value for BLZE suggests a strong trend. |
4.29
+0.31 (+7.79%)
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 42.8609. 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.