BLND Should I Buy

BLND is **not a good buy right now** for a beginner, long-term investor who is impatient. The chart is in a clear downtrend (bearish moving averages + weakening MACD) and the latest quarter shows deteriorating earnings. Options positioning is bullish (very call-heavy), which can support a short-term bounce, but it does not outweigh the weak trend and fundamentals for a long-term entry at this moment.

Price: $2.735 (regular market, -0.72%), pre-market +1.08%. Trend/Momentum: - Moving averages: **Bearish** (SMA_200 > SMA_20 > SMA_5) → established downtrend. - MACD histogram: **-0.0327 and negatively expanding** → downside momentum is strengthening. - RSI(6): **31.68** → near oversold; this can create short-term bounce potential, but it is not a confirmed reversal. Key levels: - Pivot: 2.941 - Resistance: R1 3.113, R2 3.219 - Support: S1 2.769, S2 2.663 Current price (2.735) is **below S1 (2.769)** and closer to S2 (2.663), which keeps near-term risk skewed downward unless price quickly reclaims 2.77–2.94. Pattern-based forward look (similar candlestick analogs): ~60% chance of -0.36% next day, +0.99% next week, +2.04% next month → mild positive skew beyond the next day, but not strong enough to override the current downtrend. **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.