Backblaze Stock Forecast

Sell candidate since Jul 24, 2026

The Backblaze, Inc. stock price fell by -9.01% on the last day (Friday, 24th Jul 2026) from $12.76 to $11.61. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 12.66% from a day low at $11.53 to a day high of $12.99. The price has fallen in 8 of the last 10 days and is down by -34.03% for this period. Volume has increased on the last day by 741 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $23.78 million.

Given the current short-term trend, the stock is expected to rise 134.18% during the next 3 months and, with a 90% probability hold a price between $27.19 and $46.57 at the end of this 3-month period.

BLZE Signals & Forecast

There are few to no technical positive signals at the moment. The Backblaze, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.05 and $12.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, July 09, 2026, and so far it has fallen -34.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Backblaze, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $9.11 and $8.90. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $8.90 may give a huge drop in the stock price.

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 $1.46 between high and low, or 12.66%. For the last week, the stock has had daily average volatility of 7.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BLZE) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Backblaze, Inc. to open at $12.04, and during the day (based on 14 day Average True Range), to move between $11.01 and $12.21, which gives a possible trading interval of +/-$1.20 (+/-10.90%) up or down from last closing price. If Backblaze, Inc. takes out the full calculated possible swing range there will be an estimated 10.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.66 (0.43%) than the support at $9.11 (21.53%), 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 Backblaze, Inc. stock A Buy?

The Backblaze, Inc. stock holds several negative signals and despite the positive trend, we believe Backblaze, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.

Current score: -5.678 Strong Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on July 27, 2026 - $12.04 ( 3.73%).

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