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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 2024-02-28 View latest technical analysis

10 day averaged volume of Blackline Inc is 828080

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	56.69	56.56	57.00	56.36	0.334 times
27 Tue Feb 2024	57.06	57.31	57.50	56.46	0.56 times
26 Mon Feb 2024	56.84	56.40	57.38	56.12	0.467 times
23 Fri Feb 2024	56.69	56.74	57.09	56.32	0.389 times
22 Thu Feb 2024	56.72	56.75	57.20	56.06	0.56 times
21 Wed Feb 2024	56.27	56.15	56.82	55.49	1.044 times
20 Tue Feb 2024	57.45	56.65	57.69	56.64	0.73 times
16 Fri Feb 2024	57.61	59.74	59.74	57.55	0.627 times
15 Thu Feb 2024	60.12	59.55	60.15	57.72	0.826 times
14 Wed Feb 2024	58.57	53.25	61.14	53.25	2.848 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, but if it comes above 57, then a intra day buy could be more profitable.
If you take a sell trade below 57, then use 57 as stoploss and 54.8 as target. However if you take a buy trade in stock , then use 57 as stoploss and 58.75 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	56.04
Downside Intraday Target	55.39
Upside Intraday Target	57.42
Upside Intraday Target	58.15
Upside Intraday Target	56.77

Weekly technical analysis of Blackline Inc (BL)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	56.69	56.40	57.50	56.12	0.5 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 down 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
28 Wed Feb 2024	56.69	58.95	62.71	53.25	1.242 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 gaining 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 coming down

CCI has generated a SELL signal for Blackline Inc in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 57.78 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.