Backblaze Stock Technical Analysis
| BLZE Stock | USD 7.25 0.23 3.07% |
As of the 16th of February 2025, Backblaze shows the mean deviation of 2.49, and Risk Adjusted Performance of 0.037. Backblaze technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Backblaze information ratio, and the relationship between the downside deviation and value at risk to decide if Backblaze is priced correctly, providing market reflects its regular price of 7.25 per share. Given that Backblaze has jensen alpha of 0.1312, we suggest you to validate Backblaze's prevailing market performance to make sure the company can sustain itself at a future point.
Backblaze Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Backblaze, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BackblazeBackblaze |
Backblaze Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 12.57 | Strong Buy | 6 | Odds |
Most Backblaze analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Backblaze stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Backblaze, talking to its executives and customers, or listening to Backblaze conference calls.
Backblaze technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Backblaze Technical Analysis
The output start index for this execution was twenty-one with a total number of output elements of fourty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Backblaze volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Backblaze Trend Analysis
Use this graph to draw trend lines for Backblaze. You can use it to identify possible trend reversals for Backblaze as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Backblaze price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Backblaze Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Backblaze applied against its price change over selected period. The best fit line has a slop of 0 , which means Backblaze will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.37, which is the sum of squared deviations for the predicted Backblaze price change compared to its average price change.About Backblaze Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Backblaze on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Backblaze based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Backblaze price pattern first instead of the macroeconomic environment surrounding Backblaze. By analyzing Backblaze's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Backblaze's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Backblaze specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2024 | 2025 (projected) | Payables Turnover | 20.58 | 12.71 | Days Of Inventory On Hand | 50.69 | 53.22 |
Backblaze February 16, 2025 Technical Indicators
Most technical analysis of Backblaze help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Backblaze from various momentum indicators to cycle indicators. When you analyze Backblaze charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.037 | |||
| Market Risk Adjusted Performance | 0.2761 | |||
| Mean Deviation | 2.49 | |||
| Semi Deviation | 2.99 | |||
| Downside Deviation | 3.07 | |||
| Coefficient Of Variation | 2436.43 | |||
| Standard Deviation | 3.45 | |||
| Variance | 11.93 | |||
| Information Ratio | 0.0378 | |||
| Jensen Alpha | 0.1312 | |||
| Total Risk Alpha | 0.1264 | |||
| Sortino Ratio | 0.0426 | |||
| Treynor Ratio | 0.2661 | |||
| Maximum Drawdown | 17.02 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 6.89 | |||
| Downside Variance | 9.4 | |||
| Semi Variance | 8.97 | |||
| Expected Short fall | (2.71) | |||
| Skewness | 0.6594 | |||
| Kurtosis | 2.19 |
Complementary Tools for Backblaze Stock analysis
When running Backblaze's price analysis, check to measure Backblaze's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Backblaze is operating at the current time. Most of Backblaze's value examination focuses on studying past and present price action to predict the probability of Backblaze's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Backblaze's price. Additionally, you may evaluate how the addition of Backblaze to your portfolios can decrease your overall portfolio volatility.
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