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Stock Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

Backblaze, Inc. (NASDAQ:BLZE)

Sidelines Mode (+55) - BLZE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BLZE?

MarketClub looks at technical strength and momentum to determine if the timing is right for BLZE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low BLZE Price Change
6.77 6.77 6.30 6.48 -0.25
Entry Signal

MarketClub’s Trade Triangles for BLZE

long term down The long-term trend has been DOWN since May 9th, 2024 at 8.01

intermediate term up The intermediate-term trend has been UP since Jul 5th, 2024 at 6.33

short term down The short-term trend has been DOWN since Jul 17th, 2024 at 6.36

Smart Scan Analysis for BLZE

Based on our trend formula, BLZE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for BLZE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.77 6.77 6.30 6.48 -0.25
Prev. Close Volume Bid Ask Time
6.49 221658 2024-07-17 15:59:53
52wk High12.6552wk High Date2024-03-08
52wk Low4.1952wk Low Date2023-08-11
Average Volume575,091Shares Outstanding54,700
P/E Ratio-6.00000000
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