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(BL) Blackline Inc complete technical analysis [charts+indicators] | Buy/Sell Blackline Inc | (BL) share price targets

Complete technical analysis of Blackline Inc (BL) by charts plus indicators, forecast predictions and share price targets for Blackline Inc (BL)

Blackline Inc trades in USA in Technology sector.

10 day averaged volume of Blackline Inc is 696242

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 59.07 58.83 59.43 58.06 0.6 times
15 Wed May 2024 58.90 59.00 59.31 58.02 0.678 times
14 Tue May 2024 57.84 58.96 59.62 57.78 0.75 times
13 Mon May 2024 57.92 58.76 58.95 57.75 0.92 times
10 Fri May 2024 58.22 59.12 59.12 57.83 1.087 times

My analysis of stock is bearish for shortterm, and stock might move down till 58.1 or till 56.7. Use a stoploss of 59.27 and if the stock hits stoploss, then it can shoot up till 60.45

Share price targets for Blackline Inc (BL)

Target Type Value
Downside Target 53.25
Downside Target 55.24
Downside Target 56.49
Upside Target 59.62
Upside Target 61.65
Upside Target 62.38
Upside Target 62.71
Upside Target 63.31
Upside Target 63.66
Upside Target 69.09
Upside Target 69.31

Intraday share price targets for Blackline Inc (BL)

Target Type Value
Downside Intraday Target 58.01
Downside Intraday Target 56.94
Upside Intraday Target 59.88
Upside Intraday Target 60.68
Downside Intraday Target 58.81

Weekly technical analysis of Blackline Inc (BL)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 59.07 58.76 59.62 57.75 0.485 times
10 Fri May 2024 58.22 61.21 63.31 57.83 1.13 times
03 Fri May 2024 60.91 61.26 61.95 56.81 1.34 times
26 Fri Apr 2024 60.83 57.58 61.65 57.20 0.685 times
19 Fri Apr 2024 57.37 63.57 63.66 56.49 1.168 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Blackline Inc (BL)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 59.07 58.00 63.31 56.81 0.538 times
30 Tue Apr 2024 58.05 64.90 69.09 56.49 0.461 times
28 Thu Mar 2024 64.58 57.01 69.31 56.64 2.498 times
29 Thu Feb 2024 56.73 58.95 62.71 53.25 1.338 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Blackline Inc (BL)

Indicator Name Indicator Value Indicator Signal
ADX 25, 18, 16 Buy
MACD -1, -1Buy
Stochastics 20Sell
CCI -40Buy
RSI 64Buy
OBV -6502385Sell
VWAP 59Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Blackline Inc ( (BL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Blackline Inc ( (BL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Blackline Inc ( (BL) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Blackline Inc ( (BL) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Blackline Inc stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Blackline Inc in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Blackline Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Blackline Inc in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Blackline Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 59.32 and Blackline Inc (BL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Blackline Inc (BL) stock. Volume based technical analysis of Blackline Inc (BL) stock is negative.

Blackline Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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