RSI low/high Values: [ 25 - 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 BLIN
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Strong day for Bridgeline Digital Inc stock price on Wednesday rising 9.35% to $1.17
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 08, 2024 Gain 42.68% PDF

The Bridgeline Digital Inc stock price gained 9.35% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.07 to $1.17. During the last trading day the stock fluctuated 9.26% from a day low at $1.08 to a day high of $1.18. The price has risen in 5 of the last 10 days and is up by 13.59% 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, 18 thousand more shares were traded than the day before. In total, 80 thousand shares were bought and sold for approximately $93.92 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 34.69% during the next 3 months and, with a 90% probability hold a price between $1.31 and $1.80 at the end of this 3-month period.

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BLIN Signals & Forecast

The Bridgeline Digital 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 $1.07 and $1.00. A breakdown below any of these levels will issue sell signals. Bridgeline Digital Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, March 04, 2024, and so far it has fallen -5.65%. 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).

Support, Risk & Stop-loss for Bridgeline Digital Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.10 and $1.09. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bridgeline Digital Inc finds support just below today's level at $1.10. If this is broken, then the next support from accumulated volume will be at $1.09 and $1.07.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.1000 between high and low, or 9.26%. For the last week, the stock has had daily average volatility of 7.77%.

Our recommended stop-loss: $1.12 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (BLIN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Bridgeline Digital Inc to open at $1.14, and during the day (based on 14 day Average True Range), to move between $1.09 and $1.25, which gives a possible trading interval of +/-$0.0768 (+/-6.56%) up or down from last closing price. If Bridgeline Digital Inc takes out the full calculated possible swing range there will be an estimated 13.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.10 (5.98%) than the resistance at $1.24 (5.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bridgeline Digital 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 Bridgeline Digital Inc stock to perform well in the short-term.

Current score: 3.921 Buy Candidate Unchanged

Predicted Opening Price for Bridgeline Digital Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.14 ( 2.28%) $1.17

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

Trading levels for BLIN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.24 6.27 %
R2 1.21 3.00 %
R1 1.18 0.99 %
Current price: 1.17
Support S1 1.11 -5.54 %
S2 1.08 -7.56 %
S3 1.04 -10.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 1.24 5.98 %
Current price 1.17
Support S1 1.10 -5.98%
S2 1.09 -6.84%
S3 1.07 -8.55%

FAQ

What is the symbol for Bridgeline Digital Inc Stock and on which exchange is it traded?
The symbol for Bridgeline Digital Inc is BLIN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Bridgeline Digital 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 Bridgeline Digital Inc stock to perform well in the short-term.

How to buy Bridgeline Digital Inc Stock?
Bridgeline Digital 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 Bridgeline Digital Inc Stock.

What's the current price of Bridgeline Digital Inc Stock?
As of the end of day on the 2024-03-27, the price of an Bridgeline Digital Inc (BLIN) share was $1.17.

What is the 52-week high and low for Bridgeline Digital Inc Stock?
The 52-week high for Bridgeline Digital Inc Stock is $1.43 and the 52-week low is $0.705.

What is the market capitalization of Bridgeline Digital Inc Stock?
As of the 2024-03-27, the market capitalization of Bridgeline Digital Inc is 12.189M.

When is the next earnings date for Bridgeline Digital Inc?
The upcoming earnings date for Bridgeline Digital Inc is May 20, 2024.
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About Bridgeline Digital Inc

Bridgeline Digital Bridgeline Digital, Inc. operates as a digital engagement company in the United States. The company's Bridgeline's Unbound platform enables companies and developers to create websites, web applications, and online stores. It offers Bridgeline Unbound Experience Manager, a marketing automation engine and content management system; Bridgeline Unbound Content Manager that enables non-technical users to create, edit, and publish content via a browser... BLIN Profile

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