BLACKLINE INC.
BLACKLINE INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: BL
ISIN:

BLACKLINE INC. - Daily - Technical analysis published on 10/14/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 49.79 USD
My targets
45.27 USD (-5.35%)
42.65 USD (-10.83%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BLACKLINE INC. as long as the price remains well below 49.79 USD. The sellers” bearish objective is set at 45.27 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 42.65 USD. In case of crossing, the next objective would be the support located at 40.95 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
4.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The BLACKLINE INC. price is 47.83 USD. The price registered an increase of +2.84% on the session and was traded between 47.03 USD and 48.74 USD over the period. The price is currently at +1.70% from its lowest and -1.87% from its highest.

47.03
48.74
47.83

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this BLACKLINE INC. chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 40.95 42.65 45.27 47.83 49.79 52.53 57.09
Change (%) -14.38% -10.83% -5.35% - +4.10% +9.83% +19.36%
Change -6.88 -5.18 -2.56 - +1.96 +4.70 +9.26
Level Minor Major Major - Intermediate Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard44.3945.2945.9046.8047.4148.3148.92
Camarilla46.1046.2346.3746.5146.6546.7946.93
Woodie44.2545.2245.7646.7347.2748.2448.78
Fibonacci45.2945.8746.2246.8047.3847.7348.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard42.4143.8645.6847.1348.9550.4052.22
Camarilla46.6046.9047.2047.5047.8048.1048.40
Woodie42.6043.9545.8747.2249.1450.4952.41
Fibonacci43.8645.1145.8847.1348.3849.1550.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.0341.3844.6048.9552.1756.5259.74
Camarilla45.7346.4247.1247.8148.5049.2049.89
Woodie36.4641.1044.0348.6751.6056.2459.17
Fibonacci41.3844.2846.0648.9551.8553.6356.52

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 48.04
MACD (12,26,9): -0.7300
Directional Movement: -1.21
AROON (14): -21.43
DEMA (21): 46.96
Parabolic SAR (0,02-0,02-0,2): 45.31
Elder Ray (13): 0.33
Super Trend (3,10): 51.76
Zig ZAG (10): 47.83
VORTEX (21): 0.8900
Stochastique (14,3,5): 46.70
TEMA (21): 46.69
Williams %R (14): -32.62
Chande Momentum Oscillator (20): 0.19
Repulse (5,40,3): -0.9600
ROCnROLL: -1
TRIX (15,9): -0.2400
Courbe Coppock: 6.69
MA7: 47.39
MA20: 47.95
MA50: 50.01
MA100: 50.02
MAexp7: 47.32
MAexp20: 47.95
MAexp50: 48.95
MAexp100: 49.21
Price / MA7: +0.93%
Price / MA20: -0.25%
Price / MA50: -4.36%
Price / MA100: -4.38%
Price / MAexp7: +1.08%
Price / MAexp20: -0.25%
Price / MAexp50: -2.29%
Price / MAexp100: -2.80%

This member declared not having a position on this financial instrument or a related financial instrument.

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