BACKBLAZE INC-A (BLZE) Technical Analysis
NASDAQ:BLZE • US05637B1052
Current stock price
BLZE Technical Rating and Analysis
Overall BLZE gets a technical rating of 0 out of 10. 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.
- 89% of all other stocks performed better in the past year than BLZE.
- BLZE is currently trading near the lower end of its 52 week range, which is not a good sign. 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 part of the IT Services industry. There are 87 other stocks in this industry, BLZE did better than 45% of them.
BLZE Weekly and Daily overview Charts
BLZE Setup Rating and Analysis
BLZE has a poor technical rating and the quality of the setup is also not perfect 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
3.57
2 important resistance areas can be observed.
- A resistance zone ranging from 3.80 to 3.87. 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 | 11.74 | NEGATIVE | BLZE has a low relative strength, it was outperformed by 88.26% 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) | 35.09 | 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) | 22.16 | NEUTRAL | The Stochastics value for BLZE is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for BLZE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.42 | 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
3.61
-0.08 (-2.17%)
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 35.0884. 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.