Technical Analysis for BLZE - Backblaze, Inc.

Grade Last Price % Change Price Change
C 10.16 2.63% 0.26
BLZE closed up 2.63 percent on Wednesday, March 27, 2024, on 44 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Multiple of Ten Bullish Other 0.00%
Outside Day Range Expansion 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup 2.63%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.63%
NR7 Range Contraction 2.63%
Doji - Bullish? Reversal 2.63%
Multiple of Ten Bearish Other 2.63%

   Recent Intraday Alerts

Alert Time
Non-ADX 1,2,3,4 Pullback Entry about 19 hours ago
1,2,3, Pullback Entry about 19 hours ago
Rose Above Previous Day's High about 19 hours ago
Outside Day about 19 hours ago
Up 2% about 19 hours ago

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Backblaze, Inc. Description

Backblaze, Inc., a storage cloud platform, provides businesses and consumers with solutions to store, use, and protect the data worldwide. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, including backups, multi-cloud, application development, and ransomware protection. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides as a subscription-based Software-as-a-Service and serves use cases comprising computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.


Classification

Sector: Technology
Industry: Software - Infrastructure
Keywords: Computing Cloud Computing Cloud Infrastructure Cloud Services IT Infrastructure Cloud Storage Backup Software Computer Data Storage Infrastructure As A Service Network File Systems

Is BLZE 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 12.65
52 Week Low 3.5
Average Volume 464,203
200-Day Moving Average 6.76
50-Day Moving Average 9.62
20-Day Moving Average 10.70
10-Day Moving Average 10.24
Average True Range 0.58
RSI (14) 48.98
ADX 29.56
+DI 21.85
-DI 17.60
Chandelier Exit (Long, 3 ATRs) 10.90
Chandelier Exit (Short, 3 ATRs) 11.29
Upper Bollinger Bands 11.83
Lower Bollinger Band 9.56
Percent B (%b) 0.26
BandWidth 21.21
MACD Line 0.06
MACD Signal Line 0.23
MACD Histogram -0.1752
Fundamentals Value
Market Cap 382.02 Million
Num Shares 37.6 Million
EPS -1.79
Price-to-Earnings (P/E) Ratio -5.68
Price-to-Sales 3.56
Price-to-Book 6.95
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.78
Resistance 3 (R3) 10.72 10.45 10.67
Resistance 2 (R2) 10.45 10.30 10.48 10.64
Resistance 1 (R1) 10.31 10.20 10.38 10.37 10.60
Pivot Point 10.04 10.04 10.08 10.07 10.04
Support 1 (S1) 9.90 9.89 9.97 9.96 9.72
Support 2 (S2) 9.63 9.79 9.66 9.68
Support 3 (S3) 9.49 9.63 9.65
Support 4 (S4) 9.55