RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BLND
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Green day on Thursday for Blend Labs, Inc. stock after gaining 2.85%
(Updated on Mar 28, 2024)

Buy candidate since Mar 15, 2024 Gain 15.66% PDF

The Blend Labs, Inc. stock price gained 2.85% on the last trading day (Thursday, 28th Mar 2024), rising from $3.16 to $3.25. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.09% from a day low at $3.12 to a day high of $3.31. The price has risen in 8 of the last 10 days and is up by 38.3% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 726 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $4.98 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $3.35 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 23.00% during the next 3 months and, with a 90% probability hold a price between $3.02 and $4.12 at the end of this 3-month period.

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BLND Signals & Forecast

The Blend Labs, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.14 and $2.81. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, March 20, 2024, and so far it has fallen -1.22%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Blend Labs, Inc. stock

Blend Labs, Inc. finds support from accumulated volume at $3.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.190 between high and low, or 6.09%. For the last week, the stock has had daily average volatility of 6.81%.

Our recommended stop-loss: $3.11 (-4.28%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (BLND) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Blend Labs, Inc. to open at $3.23, and during the day (based on 14 day Average True Range), to move between $2.97 and $3.53, which gives a possible trading interval of +/-$0.283 (+/-8.70%) up or down from last closing price. If Blend Labs, Inc. takes out the full calculated possible swing range there will be an estimated 17.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.29 (1.23%) than the support at $3.10 (4.62%), 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 Blend Labs, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Blend Labs, Inc. stock to perform well in the short-term.

Current score: 3.850 Buy Candidate Unchanged

Predicted Opening Price for Blend Labs, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.23 ( 0.718%) $3.25

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

Trading levels for BLND

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.42 5.13 %
R2 3.34 2.89 %
R1 3.30 1.52 %
Current price: 3.25
Support S1 3.15 -2.95 %
S2 3.11 -4.33 %
S3 3.04 -6.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 3.29 1.23 %
Current price 3.25
Support S1 3.10 -4.62%
S2 2.64 -18.77%
S3 2.61 -19.69%

FAQ

What is the symbol for Blend Labs, Inc. Stock and on which exchange is it traded?
The symbol for Blend Labs, Inc. is BLND and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Blend Labs, Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Blend Labs, Inc. stock to perform well in the short-term.

How to buy Blend Labs, Inc. Stock?
Blend Labs, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Blend Labs, Inc. Stock.

What's the current price of Blend Labs, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Blend Labs, Inc. (BLND) share was $3.25.

What is the 52-week high and low for Blend Labs, Inc. Stock?
The 52-week high for Blend Labs, Inc. Stock is $3.41 and the 52-week low is $0.531.

What is the market capitalization of Blend Labs, Inc. Stock?
As of the 2024-03-28, the market capitalization of Blend Labs, Inc. is 788.115M.

When is the next earnings date for Blend Labs, Inc.?
The upcoming earnings date for Blend Labs, Inc. is May 14, 2024.
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About Blend Labs, Inc.

Blend Labs. Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company offers a suite of white-label products for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts. It also provides a suite of mortgage products that facilitates homeownership journey for consumers comp... BLND Profile

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