Is Backblaze, Inc. technically bullish or bearish?
As of June 18, 2025, Backblaze, Inc. exhibits a bearish technical trend, supported by bearish signals from the monthly MACD, KST, Bollinger Bands, and moving averages, despite a mildly bullish weekly MACD.
As of 18 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. The weekly MACD is mildly bullish, but the monthly MACD and KST are bearish, indicating a divergence in momentum. The Bollinger Bands and moving averages are both showing bearish signals on the monthly timeframe, reinforcing the bearish outlook. The RSI shows no signal on both weekly and monthly timeframes, suggesting a lack of momentum confirmation. Overall, the combination of these indicators points to a bearish sentiment for Backblaze, Inc.
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