Should You Buy Bullish (BLSH) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Not a good buy right now for a beginner, long-term investor who is unwilling to wait for a cleaner entry. The stock is in a clear downtrend (bearish moving averages and worsening MACD momentum) and is trading below/around near-term support, while the latest quarter showed sharp YoY deterioration in revenue and profitability. Despite bullish options sentiment and a positive Ark Invest accumulation headline, the technical and fundamental setup suggests higher downside risk than upside reward at this moment—so the better call is HOLD/avoid new buying today.
Technical Analysis
Trend is bearish. Moving averages are stacked negatively (SMA_200 > SMA_20 > SMA_5), indicating a sustained downtrend. MACD histogram is -0.307 and negatively expanding, suggesting downside momentum is strengthening rather than stabilizing. RSI_6 is ~20.5, which is consistent with an oversold/washed-out condition, but oversold alone is not a buy signal when MACD and MA structure remain bearish. Key levels: Pivot 37.14 (price below pivot = bearish bias). Support S1 34.749 is slightly above current price 34.4, meaning the stock is already slipping under support; next support S2 is 33.271. Resistance levels are R1 39.531 and R2 41.009, implying meaningful overhead resistance if a bounce occurs. Probabilistic pattern read is also weak: similar-pattern stats imply ~-1.96% over the next week and ~-3.42% over the next month.
