Taking everything into account, BLZE scores 1 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.
BLZE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.40, a Stop Loss order could be placed below this zone.
More info and screens
4.21
When analyzing the support we can see 2 important areas.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.00 to 5.04. 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 | 8.87 | NEGATIVE | BLZE has a low relative strength, it was outperformed by 91.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BLZE is below the rising 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) | 39.49 | NEUTRAL | The RSI value for BLZE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BLZE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.45 | NEUTRAL | The Stochastics value for BLZE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for BLZE suggests some volalility. |
| Average Directional Index/ADX (14) | 33.87 | POSITIVE | The high ADX value value for BLZE suggests a strong trend. |
4.74
+0.08 (+1.72%)
BACKBLAZE INC-A / BLZE FAQ
What is the ChartMill technical rating of BACKBLAZE INC-A (BLZE) stock?
ChartMill assigns a technical rating of 1 / 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 39.4858. 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.