BACKBLAZE INC-A (BLZE) Stock Technical Analysis
NASDAQ:BLZE - Nasdaq - US05637B1052 - Common Stock - Currency: USD
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.
When comparing the yearly performance of all stocks, BLZE is a bad performer in the overall market: 90% of all stocks are doing better.
BLZE is part of the IT Services industry. There are 82 other stocks in this industry, of which 76% are performing better than BLZE.
BLZE is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month BLZE has a been trading in the 3.94 - 4.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BLZE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 4.53, a Stop Loss order could be placed below this zone.
More info and screens
4.43
7.41
When analyzing the support we notice one important area.
- A support zone ranging from 4.47 to 4.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- Resistance @4.55 from a horizontal line in the daily time frame.
- Resistance @6.28 from a trend line in the weekly time frame.
- Resistance @7.18 from a trend line in the daily time frame.
- Resistance @7.34 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.61
Mansfield-2.71
10 Day High4.79
10 Day Low3.94
20 Day High4.97
20 Day Low3.94
52 Week High10
52 Week Low3.94
Performance
1 Week0.67%
2 Weeks-3.2%
1 Month-4.02%
3 Month-24.96%
6 Month-36.68%
12 Month-51.65%
2 Year8.35%
3 Year-28.62%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)43.67
LBB4.32
UBB4.71
4.54
+0.08 (+1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.79%
1 Week0.67%
2 Weeks-3.2%
1 Month-4.02%
3 Month-24.96%
6 Month-36.68%
12 Month-51.65%
2 Year8.35%
3 Year-28.62%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%7.45%
ATR Inc-51.45%
Range Today0.1
ADR(20)0.32
ADR(20)%6.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.61
Mansfield-2.71
10 Day High4.79
10 Day Low3.94
20 Day High4.97
20 Day Low3.94
52 Week High10
52 Week Low3.94
CS1 End4.53
CR1 Start4.55
Volume & EV
DER(3)0.74%
DER(5)2.14%
Volume183.40K
Volume Incr-48.33%
Vol(5)278.08K
Vol(50)545.20K