Should You Buy Backblaze Inc (BLZE) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
BLZE is not a good buy right now for a beginner, long-term investor who wants to enter immediately. While revenue growth and gross margin are improving, the stock’s primary trend is still bearish (long-term moving averages stacked bearishly) and profitability is deteriorating YoY. With no Intellectia buy signals today and very high volatility implied by options, the risk/reward is not attractive for an impatient long-term entry. Prefer to wait for clearer trend reversal and/or a stronger fundamental inflection (next catalyst: earnings on 2026-02-19).
Technical Analysis
Trend/structure: Bearish overall, with SMA_200 > SMA_20 > SMA_5 indicating the longer-term downtrend remains intact.
Momentum: MACD histogram is positive (0.0273) and expanding, suggesting a short-term bounce attempt, but it’s occurring within a broader bearish structure.
RSI: RSI_6 at 59.58 is neutral-to-slightly-bullish, not an overbought condition, but also not a strong “washout” entry.
Key levels: Pivot 4.808. Immediate resistance at R1 4.999 then R2 5.117. Support at S1 4.617 then S2 4.499. With price ~4.83, it’s near the pivot—more “decision zone” than a clearly asymmetric long-term entry.
Intellectia Proprietary Trading Signals: **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.