BACKBLAZE INC-A (BLZE) Technical Analysis
NASDAQ:BLZE • US05637B1052
Current stock price
BLZE Technical Rating and Analysis
Taking everything into account, BLZE scores 0 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.
- 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: 88% of all stocks are doing better.
- BLZE is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so BLZE is lagging the market.
- In the last month BLZE has a been trading in the 3.54 - 4.54 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 46% of 87 stocks in the same industry.
BLZE Weekly and Daily overview Charts
BLZE Setup Rating and Analysis
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 resistance zone just above the current price starting at 3.80. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for BLZE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BLZE Support and Resistance Analysis
3.60
We can see 2 important resistance areas.
- A resistance zone ranging from 3.80 to 3.95. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for BLZE is down. |
| ChartMill Relative Strength | 12.76 | NEGATIVE | BLZE has a low relative strength, it was outperformed by 87.24% 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) | 34.9 | NEUTRAL | The RSI value for BLZE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BLZE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 11.73 | OVERSOLD | The low Stochastics value suggests BLZE may be oversold. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for BLZE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.61 | NEGATIVE | The low ADX value for BLZE suggests a weak or negative trend. |
BLZE Chart- and CandleStick Pattern Analysis
BLZE Technicals: Chart, Performance Metrics, Trend & Indicators
3.64
-0.12 (-3.19%)
BACKBLAZE INC-A / BLZE TA 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 34.8977. 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.