BLZE Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Backblaze Inc (BLZE) Moving Averages Convergence Divergence (MACD) indicator is 0.882, suggesting BLZE is Strong Buy.

Backblaze Inc (BLZE) 20-Day simple moving average is 7.419, while Backblaze Inc (BLZE) share price is $9.1, making it Buy.

Backblaze Inc (BLZE) 60-Day simple moving average is 4.999, while Backblaze Inc (BLZE) share price is $9.1, making it Buy.

Technical Analysis for BLZE

Technical Sentiment Analysis for Backblaze Inc (BLZE) As of 2026-06-01, Backblaze Inc (BLZE) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 10 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BLZE stands at 82.918, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 0.882, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 89.077 and the Commodity Channel Index (CCI) at 240.773 further confirm a 2.165 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BLZE is trading below its 60-day moving average of $4.999 and below its 200-day long-term moving average of $6.125. Key price levels to watch include the immediate resistance at $9.022 and strong support at $6.737. A break above $9.022 could signal a bull continuation, while falling below $6.737 may test the next Fibonacci floor at $5.681.

Backblaze Inc (BLZE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	4.452	5.681	6.737	7.966	9.022	10.251	11.307
Fibonacci	5.681	6.554	7.093	7.966	8.839	9.378	10.251

Backblaze Inc (BLZE) Technical Indicators

2026-06-01

Name	Value
RSI_14	82.918
STOCHk_14_3_3	89.077
STOCHd_14_3_3	81.716
CCI_20	240.773
AO_5_34	1.92
MOM_10	2.165
MACD_12_26_9	0.882

Backblaze Inc (BLZE) Relative Strength Index (RSI) is 82.918, creating a Sell signal.

Backblaze Inc (BLZE) Stochastic Oscillator is 89.077, creating a Sell signal.

Backblaze Inc (BLZE) Stochastic RSI is 81.716, creating a Sell signal.

Backblaze Inc (BLZE) Commodity Channel Index (CCI) is 240.773, creating a Sell signal.

Backblaze Inc (BLZE) Awesome Oscillator is 1.92, creating a Buy signal.

Backblaze Inc (BLZE) Momentum is 2.165, creating a Buy signal.

Backblaze Inc (BLZE) MACD is 0.882, creating a Buy signal.

Backblaze Inc (BLZE) Moving Average

2026-06-01

Period	Simple	Signal
MA_5	8.107	Buy
MA_10	7.792	Buy
MA_20	7.419	Buy
MA_60	4.999	Buy
MA_200	6.125	Buy
MA_250	6.011	Buy

Backblaze Inc (BLZE) 5-Day simple moving average is 8.107, while Backblaze Inc (BLZE) share price is $9.1, making it a Buy.

Backblaze Inc (BLZE) 10-Day simple moving average is 7.792, while Backblaze Inc (BLZE) share price is $9.1, making it a Buy.

Backblaze Inc (BLZE) 20-Day simple moving average is 7.419, while Backblaze Inc (BLZE) share price is $9.1, making it a Buy.

Backblaze Inc (BLZE) 60-Day simple moving average is 4.999, while Backblaze Inc (BLZE) share price is $9.1, making it a Buy.

Backblaze Inc (BLZE) 200-Day simple moving average is 6.125, while Backblaze Inc (BLZE) share price is $9.1, making it a Buy.

Backblaze Inc (BLZE) 250-Day simple moving average is 6.011, while Backblaze Inc (BLZE) share price is $9.1, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for BLZE?

The overall technical consensus for Backblaze Inc (BLZE) is currently Strong Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 buy signals and 4 sell signals.

What are the key support and resistance levels for Backblaze Inc (BLZE) today?

Based on pivot point calculations, Backblaze Inc (BLZE) has an immediate support level at 6.737 and a major resistance level at 9.022. Traders also monitor the pivot point at 7.966 to determine the intraday trend direction.

Is Backblaze Inc (BLZE) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Backblaze Inc (BLZE) is currently 82.918. This indicates that the stock is in overbought territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Backblaze Inc (BLZE)?

Backblaze Inc (BLZE) Moving Averages Convergence Divergence (MACD) indicator is 0.882, suggesting BLZE is Strong Buy. This indicator helps identify potential trend reversals or momentum shifts for Backblaze Inc.

How is Backblaze Inc (BLZE) performing relative to its 200-day moving average?

Backblaze Inc (BLZE) is currently trading at $9.1, which is above its 200-day simple moving average of 6.125. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.