Is Backblaze, Inc. technically bullish or bearish?

As of 10 October 2025, the technical trend for Backblaze, Inc. has changed from bullish to mildly bullish. The weekly MACD is bullish, and the monthly MACD is also bullish, supporting a positive outlook. The Bollinger Bands indicate a mildly bullish stance on the weekly chart and bullish on the monthly chart. However, the KST shows a bearish monthly trend, and Dow Theory indicates a mildly bearish weekly trend, which introduces some caution.
In terms of returns, Backblaze has outperformed the S&P 500 year-to-date with a return of 56.81% compared to the S&P's 11.41%, and over the past year, it has returned 39.23% versus 13.36% for the benchmark. Overall, the current technical stance is mildly bullish, driven by the bullish MACD and moving averages, but tempered by mixed signals from KST and Dow Theory.