BLACKLINE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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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%

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

4.1

Comment on the analysis

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:

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.

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:

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:

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:

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:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	44.39	45.29	45.90	46.80	47.41	48.31	48.92
Camarilla	46.10	46.23	46.37	46.51	46.65	46.79	46.93
Woodie	44.25	45.22	45.76	46.73	47.27	48.24	48.78
Fibonacci	45.29	45.87	46.22	46.80	47.38	47.73	48.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.41	43.86	45.68	47.13	48.95	50.40	52.22
Camarilla	46.60	46.90	47.20	47.50	47.80	48.10	48.40
Woodie	42.60	43.95	45.87	47.22	49.14	50.49	52.41
Fibonacci	43.86	45.11	45.88	47.13	48.38	49.15	50.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.03	41.38	44.60	48.95	52.17	56.52	59.74
Camarilla	45.73	46.42	47.12	47.81	48.50	49.20	49.89
Woodie	36.46	41.10	44.03	48.67	51.60	56.24	59.17
Fibonacci	41.38	44.28	46.06	48.95	51.85	53.63	56.52

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%

News

The latest news and videos published on BLACKLINE INC. at the time of the analysis were as follows:

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

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