BLAIZE HOLDINGS INC (BZAI) Stock Technical Analysis
NASDAQ:BZAI - Nasdaq - US0929151076 - Common Stock - Currency: USD
Taking everything into account, BZAI scores 5 out of 10 in our technical rating. BZAI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
BZAI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.49, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BZAI 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.
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2.00
3 important support areas can be observed.
- A support zone ranging from 2.45 to 2.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.33 to 2.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.02 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @2.59 from a horizontal line in the weekly time frame.
- Resistance @2.84 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 | UP | POSITIVE | The long term trend for BZAI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BZAI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BZAI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BZAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BZAI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.21 | NEUTRAL | The RSI value for BZAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BZAI has a positive trend. |
| Stochastics (14,3) | 68.7 | NEUTRAL | The Stochastics value for BZAI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.92 | HIGH VOLATILITY | The high ATR as a percentage value for BZAI suggests high volalility. |
| Average Directional Index/ADX (14) | 10.41 | NEGATIVE | The low ADX value for BZAI suggests a weak or negative trend. |
2.58
+0.12 (+4.88%)