Question 1

What does the Stochastic Oscillator suggest about BLZE's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Question 2

How did BLZE's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on September 13, 2024. You may want to consider a long position or call options on BLZE as a result. In 41 of 50 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 82%.

Question 3

What does MACD indicator imply for BLZE?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for BLZE turned positive on September 16, 2024. Looking at past instances where BLZE's MACD turned positive, the stock continued to rise in 19 of 22 cases over the following month. The odds of a continued upward trend are 86%.

Question 4

What is the significance of the 50-day moving average indicator for BLZE?

Accepted Answer

BLZE moved below its 50-day moving average on September 18, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 5

What is the significance of the 10-day moving average indicator for BLZE?

Accepted Answer

The 10-day moving average for BLZE crossed bearishly below the 50-day moving average on September 04, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 5 of 6 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 83%.

Question 6

What does a 3-day price advance indicate for BLZE?

Accepted Answer

Following a +4.75% 3-day Advance, the price is estimated to grow further. Considering data from situations where BLZE advanced for three days, in 125 of 163 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.

Question 7

What does a 3-day decline signify for BLZE's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BLZE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 81%.

Question 8

What does BLZE breaking above its upper Bollinger Band indicate?

Accepted Answer

BLZE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

BLZE Stock Backblaze (BLZE, $5.19) RSI Indicator left the oversold zone on August 08, 2024

BLZE's MACD Histogram just turned positive

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