Blackline Safety Corp Stock Forecast

Blackline Safety Corp stock price ended at $3.15 on Monday, after losing 0%.
(Updated on Jun 17, 2024)

BLKLF Signals & Forecast

The Blackline Safety Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.99 and $3.01. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Blackline Safety Corp stock

Blackline Safety Corp finds support from accumulated volume at $3.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: $3.03 (-3.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (BLKLF) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Blackline Safety Corp to open at $3.15, and during the day (based on 14 day Average True Range), to move between $3.10 and $3.20, which gives a possible trading interval of +/-$0.0519 (+/-1.65%) up or down from last closing price. If Blackline Safety Corp takes out the full calculated possible swing range there will be an estimated 3.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.20 (1.59%) than the support at $3.09 (1.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Blackline Safety Corp stock A Buy?

Blackline Safety Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.936 Hold/Accumulate Unchanged

Predicted Opening Price for Blackline Safety Corp of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.