Technical Analysis for BL - BlackLine, Inc.

Grade Last Price % Change Price Change
C 58.53 1.44% 0.83
BL closed up 1.44 percent on Wednesday, November 20, 2024, on 1.65 times 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.
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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
New Downtrend Bearish 0.00%
Crossed Above 20 DMA Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
20 DMA Resistance Bearish 1.44%
Outside Day Range Expansion 1.44%
Gapped Up Strength 1.44%
Down 3 Days in a Row Weakness 1.44%
Down 4 Days in a Row Weakness 1.44%
Fell Below 20 DMA Bearish 0.98%

   Recent Intraday Alerts

Alert Time
Rose Above 20 DMA about 16 hours ago
60 Minute Opening Range Breakdown about 21 hours ago
Down 1% about 21 hours ago
Fell Below Previous Day's Low about 22 hours ago
2x Volume Pace about 22 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 69.31
52 Week Low 43.368
Average Volume 657,516
200-Day Moving Average 54.79
50-Day Moving Average 55.75
20-Day Moving Average 58.24
10-Day Moving Average 59.99
Average True Range 1.85
RSI (14) 52.61
ADX 28.67
+DI 20.23
-DI 20.50
Chandelier Exit (Long, 3 ATRs) 57.56
Chandelier Exit (Short, 3 ATRs) 60.42
Upper Bollinger Bands 62.67
Lower Bollinger Band 53.81
Percent B (%b) 0.53
BandWidth 15.22
MACD Line 0.99
MACD Signal Line 1.26
MACD Histogram -0.2763
Fundamentals Value
Market Cap 3.59 Billion
Num Shares 61.3 Million
EPS 0.68
Price-to-Earnings (P/E) Ratio 86.07
Price-to-Sales 6.53
Price-to-Book 17.61
PEG Ratio 5.49
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 61.32
Resistance 3 (R3) 61.02 59.78 60.86
Resistance 2 (R2) 59.78 59.07 59.94 60.70
Resistance 1 (R1) 59.16 58.63 59.47 59.46 60.54
Pivot Point 57.92 57.92 58.08 58.08 57.92
Support 1 (S1) 57.30 57.21 57.61 57.60 56.52
Support 2 (S2) 56.06 56.77 56.22 56.36
Support 3 (S3) 55.44 56.06 56.21
Support 4 (S4) 55.74