Trading Signals: BL Stock Price Prediction and Forecast

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Thu. Nov. 5, 2020

Trading Signals: BL Stock Price Prediction and Forecast (Fri. Oct. 28, 2016 - Wed. Sep. 27, 2023)

(BlackLine)
BL latest price $113.6800 (4.81%) ($110.4700 - $114.3000) on Thu. Nov. 5, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.65% (three month average)
RSI   61
Latest Price   $113.6800(4.81%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   BL advances 4.3% a day on average for past five trading days.
Weekly Trend   BL advances 2.6% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support BL advance at 0% a week (0% probability)
SKYY(64%)    IWO(63%)    IPO(62%)    IBUY(61%)    IWF(61%)
Factors Impacting BL price   BL will decline at least -1.825% in a week (0% probabilities).
VIXM(-32%)    UUP(-28%)    VXX(-15%)    TBT(-13%)    EDOC(-5%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.825% (StdDev 3.65%)
Hourly BBV 0 ()
Intraday Trend 0.6%

5 Day Moving Average   $103.67(9.66%)
10 Day Moving Average   $99.21(14.59%)
20 Day Moving Average   $99.06(14.76%)
To recent high   0%
To recent low   56.6%
Market Cap   $68.85b

$. BL price fluctuates within 4.98% (three month std-dev: 3.65%) daily (68% of days).

Sample size 19 Average positive next day return: 4.6%(42%) Average negative next day return: -2.99%(58%) Sample size 19 Average positive next three day return: 5.58%(42%) Average negative next three day return: -4.15%(58%) Sample size 19 Average positive next weekly return: 3.61%(53%) Average negative next weekly return: -7.78%(47%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201205

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Nov_5_2020	87.27	99.06	99.21	103.67	103.83	109.59	113.68(4.81%)	UT	OpenLong	75	2	140	390	152	103	0.75	60%	0.41	59.4	3.65%	0	3	61	1
2	Nov_4_2020	86.91	98.12	97.38	99.39	99.9	102.57	108.46(7.3%)	UT	OpenLong	75	2.5	95	200	111	45	0.82	58%	0.36	53.6	3.61%	0	2.8	61	0.8
3	Nov_3_2020	86.6	97.49	96.17	96.13	96.33	98.06	101.08(3.74%)	N/A	N/A	0	1.7	21	130	33	-17	0.47	55%	0.29	45.8	3.5%	0	1.2	56	-0.6
4	Nov_2_2020	86.35	97.07	96.02	94.92	94.71	97.23	97.44(-0.25%)	N/A	N/A	0	0.7	32	180	50	-22	0.59	53%	0.29	33.6	3.48%	0	0.1	47	-1.4
5	Oct_30_2020	86.1	96.66	96.45	93.82	94.05	94.6	97.68(5.83%)	RB	SmallLong	20	1	22	50	40	-31	1.38	53%	0.28	19.2	3.48%	0	0.3	49	-1.7

6	Oct_29_2020	85.86	96.22	96.73	94.09	93.27	92.2	92.3(0.14%)	DP	OpenShort	-75	-0.4	-43	-110	-38	-57	0.5	52%	0.16	19.3	3.42%	0	-1	42	-1.4
7	Oct_28_2020	85.72	96.2	97.36	95.03	94.74	93.49	92.17(-3%)	DT	OpenShort	-75	-0.7	-33	-100	-30	-42	0.33	52%	0.19	31.7	3.43%	0	-1	46	-2.6
8	Oct_27_2020	85.56	96.13	97.89	96.14	95.95	94.34	95.02(3.36%)	DP	OpenShort	-75	-0.3	-41	-120	-42	-37	0.48	52%	0.23	44.5	3.41%	0	-0.3	49	-0.5
9	Oct_26_2020	85.36	96.13	98.39	97.28	97.18	95.99	91.93(-7.17%)	DT	OpenShort	-75	-1.2	-45	-90	-53	-19	0.69	52%	0.2	54.7	3.4%	0	-0.9	53	-0.4
10	Oct_23_2020	85.19	95.93	99.15	99.4	99.14	97.56	99.03(2.07%)	N/A	N/A	0	-0.1	-11	-120	-25	33	0.45	56%	0.29	73.2	3.29%	0	0.7	72	1.1

11	Oct_22_2020	84.94	95.45	99.1	99.79	100.3	98.36	97.02(-0.72%)	N/A	N/A	0	-0.6	-21	-120	-44	49	0.31	56%	0.21	76.4	3.28%	0	0.3	70	1.2
12	Oct_21_2020	84.76	94.89	99.08	100.02	100.97	100.72	97.72(-2.96%)	UD	OpenLong	65	-0.4	8	10	-14	75	0.32	56%	0.24	77.5	3.28%	0	0.5	64	0.9
13	Oct_20_2020	84.56	94.26	99.02	99.82	100.12	102.23	100.7(-1.78%)	UD	OpenLong	75	0.2	46	160	26	104	0.28	58%	0.28	78.4	3.27%	0	1.2	71	0.6
14	Oct_19_2020	84.32	93.58	98.26	99.66	99.13	101.22	102.52(1.5%)	UT	OpenLong	75	0.5	76	130	60	122	0.94	58%	0.33	82.8	3.3%	0	1.6	72	0.7
15	Oct_16_2020	84.04	92.72	96.88	98.91	98.41	98	101(2.87%)	UT	OpenLong	75	0.4	38	-40	19	96	0.31	58%	0.35	83.9	3.3%	0	1.5	69	1.4

16	Oct_15_2020	83.75	91.79	95.63	98.4	98.25	97.03	98.18(1.53%)	N/A	N/A	0	-0	-3	-90	-28	73	0.34	58%	0.35	81.4	3.29%	0	1.1	69	1.6
17	Oct_14_2020	83.46	90.89	94.91	98.01	98.59	98.81	96.7(-3.2%)	UD	OpenLong	65	-0.2	17	30	-8	90	0.36	58%	0.32	75.9	3.29%	0	1	74	2
18	Oct_13_2020	83.19	90.12	94.23	98.04	98.36	99.47	99.9(1.13%)	UT	HoldLong	65	0.3	57	90	35	121	0.28	55%	0.2	74.3	3.26%	0	1.7	81	2.1
19	Oct_12_2020	83.02	89.2	93.24	96.6	97.34	98.37	98.78(0.36%)	UT	OpenLong	75	0.4	65	100	48	117	0.27	55%	0.36	72.5	3.32%	0	1.7	71	2.7
20	Oct_9_2020	82.72	88.29	92.4	94.49	95.39	97.26	98.43(2.25%)	UT	OpenLong	75	0.7	62	170	48	105	0.31	55%	0.38	64.2	3.32%	0	1.9	73	2.6

21	Oct_8_2020	82.41	87.35	91.43	92.43	93.1	96.31	96.26(-0.58%)	UD	OpenLong	75	0.8	76	260	67	104	0.33	55%	0.35	53.2	3.31%	0	1.8	75	1.7
22	Oct_7_2020	82.12	86.66	90.3	91.36	91.09	93.53	96.82(4.44%)	UT	HoldLong	65	1.2	83	180	75	107	0.54	54%	0.38	41.7	3.31%	0	2.2	79	1
23	Oct_6_2020	81.81	85.93	89.05	89.93	89.91	89.88	92.7(5.03%)	UT	OpenLong	75	0.7	39	-0	25	80	0.53	51%	0.36	28	3.29%	0	1.6	72	0.3
24	Oct_5_2020	81.52	85.26	88.46	89.45	89.61	88.65	88.26(0.18%)	N/A	N/A	0	-0.3	-4	-70	-28	67	0.35	48%	0.31	17.1	3.23%	0	0.8	65	0.6
25	Oct_2_2020	81.27	84.92	88.21	89.97	90.07	89.94	88.1(-3.12%)	UD	OpenLong	65	-0.5	12	-10	-14	90	0.5	48%		16.4	3.26%	0	0.8	67	0.4
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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