Technical Analysis for BL - BlackLine, Inc.

Grade Last Price % Change Price Change
B 69.74 3.78% 2.54
BL closed up 3.78 percent on Thursday, January 26, 2023, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
Earnings due: Feb 8
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Multiple of Ten Bearish Other 0.00%
Gapped Up Strength 0.00%
Fell Below 20 DMA Bearish 3.78%
200 DMA Support Bullish 3.78%
50 DMA Support Bullish 3.78%
Hammer Candlestick Bullish 3.78%
Lizard Bullish Bullish Day Trade Setup 3.78%

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Alert Time
60 Minute Opening Range Breakout about 8 hours ago
Rose Above 10 DMA about 8 hours ago
Possible NR7 about 9 hours ago
20 DMA Resistance about 13 hours ago
10 DMA Resistance about 13 hours ago

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Profile

BlackLine, Inc. Description

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.


Classification

Sector: Technology
Industry: Software - Infrastructure
Keywords: Software As A Service Financial Accounting Task Management

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 93.11
52 Week Low 48.73
Average Volume 369,765
200-Day Moving Average 65.94
50-Day Moving Average 66.73
20-Day Moving Average 68.77
10-Day Moving Average 69.33
Average True Range 2.90
RSI 53.70
ADX 14.6
+DI 26.13
-DI 25.15
Chandelier Exit (Long, 3 ATRs) 64.27
Chandelier Exit (Short, 3 ATRs) 72.58
Upper Bollinger Bands 72.76
Lower Bollinger Band 64.77
Percent B (%b) 0.62
BandWidth 11.61
MACD Line 0.74
MACD Signal Line 0.98
MACD Histogram -0.231
Fundamentals Value
Market Cap 3.99 Billion
Num Shares 57.3 Million
EPS -0.48
Price-to-Earnings (P/E) Ratio -144.99
Price-to-Sales 19.33
Price-to-Book 15.82
PEG Ratio 8.86
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 72.98
Resistance 3 (R3) 72.73 71.39 72.44
Resistance 2 (R2) 71.39 70.57 71.52 72.26
Resistance 1 (R1) 70.57 70.06 70.98 70.82 72.08
Pivot Point 69.23 69.23 69.44 69.36 69.23
Support 1 (S1) 68.41 68.41 68.82 68.66 67.40
Support 2 (S2) 67.07 67.90 67.20 67.22
Support 3 (S3) 66.25 67.07 67.04
Support 4 (S4) 66.50