Technical Analysis for BL - BlackLine, Inc.

Grade Last Price % Change Price Change
grade A 90.85 2.18% 1.94
BL closed up 2.18 percent on Monday, August 3, 2020, on 64 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
Earnings due: Aug 6
*** please verify all earnings dates ***

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical BL trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
New 52 Week High Strength 0.00%
Multiple of Ten Bullish Other 0.00%
BB Squeeze + Upper Band Touch Range Contraction 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

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Profile

BlackLine, Inc. provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. Its solutions enables its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities. The company's solutions include reconciliation management solution that comprises account reconciliations, transaction matching, consolidation integrity manager, and daily reconciliations; and a framework for the reconciliation process, which allows users to build integrity checks and automation into the entire end-to-end work flow. Its solutions also comprise financial close management that includes task management, journal entry, and variance analysis; and allows customers to manage the key steps within the close, applying automation where possible, and ensure that tasks are properly completed and reviewed. In addition, the company provides intercompany hub solution comprising intercompany workflow and processing, and netting and settlement, as well as manages the intercompany transaction lifecycle within its platform. Further, it offers a range of key performance indicators that enable clients to compare metrics across their own operating entities, set goals, and gauge their performance over time; and services, such as implementation, support, customer success, and training services. The company sells its platform primarily through direct sales force to various industries, including consumer/retail, healthcare, financial services, technology, industrial/energy, and services. BlackLine Inc. was founded in 2001 and is headquartered in Los Angeles, California.
Financial Services Healthcare Consumer/Retail

Is BL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 91.62
52 Week Low 38.32
Average Volume 496,798
200-Day Moving Average 62.26
50-Day Moving Average 81.56
20-Day Moving Average 86.51
10-Day Moving Average 87.31
Average True Range 3.21
ADX 20.09
+DI 28.39
-DI 15.80
Chandelier Exit (Long, 3 ATRs ) 82.00
Chandelier Exit (Short, 3 ATRs ) 89.64
Upper Bollinger Band 90.25
Lower Bollinger Band 82.76
Percent B (%b) 1.08
BandWidth 8.66
MACD Line 2.11
MACD Signal Line 2.13
MACD Histogram -0.0223
Fundamentals Value
Market Cap 4.77 Billion
Num Shares 52.5 Million
EPS -0.86
Price-to-Earnings (P/E) Ratio -105.64
Price-to-Sales 12.15
Price-to-Book 6.08
PEG Ratio -6.74
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 96.10
Resistance 3 (R3) 95.77 93.70 95.23
Resistance 2 (R2) 93.70 92.36 93.86 94.93
Resistance 1 (R1) 92.27 91.53 92.99 92.60 94.64
Pivot Point 90.20 90.20 90.55 90.36 90.20
Support 1 (S1) 88.77 88.86 89.49 89.10 87.06
Support 2 (S2) 86.70 88.03 86.86 86.77
Support 3 (S3) 85.27 86.70 86.48
Support 4 (S4) 85.60