BACKBLAZE INC-A (BLZE) Stock Technical Analysis
NASDAQ:BLZE - US05637B1052 - Common Stock
8.35 USD
-0.05 (-0.6%)
8.2638 USD
-0.09 (-1.03%)
Taking everything into account, BLZE scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BLZE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
BLZE is one of the better performing stocks in the IT Services industry, it outperforms 83% of 85 stocks in the same industry.
BLZE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BLZE has a been trading in the 4.92 - 8.65 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, BLZE did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although BLZE has an excellent technical rating, it does not offer a high 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
4.93
8.49
When analyzing the support we can see 2 important areas.
- Support @7.54 from a horizontal line in the daily time frame.
- A support zone ranging from 4.98 to 5.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.36 to 8.41. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for BLZE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLZE is up. |
| ChartMill Relative Strength | 90.08 | POSITIVE | BLZE has a high relative strength, it outperformed 90.08% 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) | UP | POSITIVE | The current price of BLZE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.27 | OVERBOUGHT | The high RSI value suggests BLZE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BLZE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.29 | OVERBOUGHT | The high Stochastics value suggests BLZE may be overbought. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for BLZE suggests high volalility. |
| Average Directional Index/ADX (14) | 45.71 | POSITIVE | The high ADX value value for BLZE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.35
-0.05 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.6%
1 Week1.58%
2 Weeks8.72%
1 Month70.76%
3 Month46.49%
6 Month27.68%
12 Month36.66%
2 Year42.49%
3 Year28.26%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%5.34%
ATR Inc-14.4%
Range Today0.3
ADR(20)0.42
ADR(20)%5.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.08
Mansfield2.59
10 Day High8.65
10 Day Low7.34
20 Day High8.65
20 Day Low4.92
52 Week High8.65
52 Week Low3.94
CS1 End7.54
CR1 Start8.36
Volume & EV
DER(3)-1.58%
DER(5)-2.29%
Volume528.10K
Volume Incr-26.69%
Vol(5)523.92K
Vol(50)509.65K