BLACKLINE INC Technical Analysis (NASDAQ:BL)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the BLACKLINE INC stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the BL stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for BLACKLINE INC. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of BLACKLINE INC stock analysis.
BLACKLINE INC Moving Average
Moving averages show the BL stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $46.7 is above the price of $46.64.
BLACKLINE INC Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the BL stock. BLACKLINE INC bollinger bands show that the stock price is $46.64, upper band is 50.03, lower band is 43.37, and the average is 46.7.
BLACKLINE INC Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The BLACKLINE INC MACD indicator is above 0 indicating a bullish trend.
BLACKLINE INC Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 50.9 is the RSI value of BL stock.