BLACKLINE INC (BL)
US09239B1098 - Common Stock
Taking everything into account, BL scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BL is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
BL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BL is performing more or less in line with the market.
BL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that BL is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
BL is an average performer in the Software industry, it outperforms 53% of 280 stocks in the same industry.
BL has an excellent technical rating and also presents 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 60.97, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
54.55
67.68
2 important support areas can be observed.
- A support zone ranging from 59.62 to 60.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.10 to 55.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @64.86 from a trend line in the daily time frame.
- Resistance @67.01 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
CRS73.56
Mansfield0.26
10 Day High65.1
10 Day Low61.63
20 Day High65.1
20 Day Low61.35
52 Week High69.31
52 Week Low43.37
Performance
1 Week-0.67%
2 Weeks-1.25%
1 Month2.82%
3 Month22.03%
6 Month38.37%
12 Month-0.75%
2 Year-5.71%
3 Year-38.74%
5 Year23.02%
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)-0.29
RSI(14)55.38
LBB62.11
UBB65.26
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.87 | 61.62 | 3.25 (5.01%) | 19.96% |
| An entry @64.87. This is a Buy Stop order right above the resistance zone. | An exit @61.62. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.25 points, which is 5.01%. | When investing 19.96% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BLACKLINE INC
NASDAQ:BL (12/23/2024, 12:37:22 PM)
62.46
-0.97 (-1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.53%
1 Week-0.67%
2 Weeks-1.25%
1 Month2.82%
3 Month22.03%
6 Month38.37%
12 Month-0.75%
2 Year-5.71%
3 Year-38.74%
5 Year23.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.83
ATR(20)%2.71%
ATR Inc33.93%
Range Today1.49
ADR(20)1.69
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.56
Mansfield0.26
10 Day High65.1
10 Day Low61.63
20 Day High65.1
20 Day Low61.35
52 Week High69.31
52 Week Low43.37
CS1 End60.97
CR1 Start64.86
Volume & EV
DER(3)-4.1%
DER(5)-2.53%
Volume103.71K
Volume Incr30.44%
Vol(5)775.66K
Vol(50)641.94K