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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.

Showing technical analysis as on 2024-02-26 View latest technical analysis

10 day averaged volume of Blackline Inc is 872140

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	56.84	56.40	57.38	56.12	0.444 times
23 Fri Feb 2024	56.69	56.74	57.09	56.32	0.37 times
22 Thu Feb 2024	56.72	56.75	57.20	56.06	0.531 times
21 Wed Feb 2024	56.27	56.15	56.82	55.49	0.991 times
20 Tue Feb 2024	57.45	56.65	57.69	56.64	0.693 times
16 Fri Feb 2024	57.61	59.74	59.74	57.55	0.595 times
15 Thu Feb 2024	60.12	59.55	60.15	57.72	0.784 times
14 Wed Feb 2024	58.57	53.25	61.14	53.25	2.704 times
13 Tue Feb 2024	58.30	57.96	59.52	57.41	1.85 times
12 Mon Feb 2024	60.84	62.07	62.56	60.64	0.944 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.3, but if it comes above 57.3, then a intra day buy could be more profitable.
If you take a sell trade below 57.3, then use 57.3 as stoploss and 55.2 as target. However if you take a buy trade in stock , then use 57.3 as stoploss and 59.17 as target.

Share price targets for Blackline Inc (BL)

Target Type	Value
Downside Target	47.33
Downside Target	53.25
Downside Target	55.24
Upside Target	58.39
Upside Target	59.56
Upside Target	62.38
Upside Target	62.56
Upside Target	62.71
Upside Target	64.98

Intraday share price targets for Blackline Inc (BL)

Target Type	Value
Downside Intraday Target	56.18
Downside Intraday Target	55.52
Upside Intraday Target	57.44
Upside Intraday Target	58.04
Downside Intraday Target	56.78

Weekly technical analysis of Blackline Inc (BL)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	56.84	56.40	57.38	56.12	0.172 times
23 Fri Feb 2024	56.69	56.65	57.69	55.49	0.376 times
16 Fri Feb 2024	57.61	62.07	62.56	53.25	2.294 times
09 Fri Feb 2024	61.94	59.71	62.71	57.94	1.136 times
02 Fri Feb 2024	60.30	59.86	62.38	58.39	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
26 Mon Feb 2024	56.84	58.95	62.71	53.25	1.172 times
31 Wed Jan 2024	58.68	60.58	62.38	55.24	1.024 times
29 Fri Dec 2023	62.44	57.83	64.98	57.60	0.838 times
30 Thu Nov 2023	57.85	48.86	59.56	47.33	1.191 times

Scroll below to view daily charts

Price has moved down 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)

Price action analysis of Blackline Inc ( (BL) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Blackline Inc in short term and the sell signal is strong.

Blackline Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 58.25 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.