BACKBLAZE INC-A (BLZE) Stock Technical Analysis
NASDAQ:BLZE - Nasdaq - US05637B1052 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BLZE. 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: 86% of all stocks are doing better.
BLZE is one of the lesser performing stocks in the IT Services industry. 73% of 81 stocks in the same industry do better.
BLZE is currently trading near the lower end of its 52 week range, which is not a good sign. But, the S&P500 Index is also trading in the lower part of its yearly range, so BLZE is not an exception.
In the last month BLZE has a been trading in the 4.07 - 5.60 range, which is quite wide. It is currently trading near the lows of this range.
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. 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
4.36
7.41
We can see 3 important resistance areas.
- A resistance zone ranging from 4.70 to 4.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.37 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.24 to 7.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.49
Mansfield-2.35
10 Day High4.97
10 Day Low4.07
20 Day High5.6
20 Day Low4.07
52 Week High10
52 Week Low4.07
Performance
1 Week-3.51%
2 Weeks-2.44%
1 Month-18.52%
3 Month-31.36%
6 Month-38.89%
12 Month-52.74%
2 Year5.77%
3 Year-53.59%
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)36.53
LBB4.22
UBB5.01
4.4
-0.29 (-6.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-6.18%
1 Week-3.51%
2 Weeks-2.44%
1 Month-18.52%
3 Month-31.36%
6 Month-38.89%
12 Month-52.74%
2 Year5.77%
3 Year-53.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%7.8%
ATR Inc-24.44%
Range Today0.28
ADR(20)0.31
ADR(20)%7.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.49
Mansfield-2.35
10 Day High4.97
10 Day Low4.07
20 Day High5.6
20 Day Low4.07
52 Week High10
52 Week Low4.07
CS1 End4.56
CR1 Start4.7
Volume & EV
DER(3)2.48%
DER(5)3.96%
Volume253.42K
Volume Incr-25.36%
Vol(5)340.61K
Vol(50)529.88K